Chennai, Republic of India – August 19, 2024 – Yotuh Power Personal Restricted, an leading edge blank tech startup focusing on electrifying car refrigeration programs for mid-mile and last-mile chilly chain logistics, incubated at IIT Madras Incubation Mobile, has effectively closed a ₹1.53 Crore investment spherical led via Campus Angels Community.
Yotuh Power, based in 2022 via IIT Delhi alumni Vivek Mahindrakar, Shaivee Malik, and Dharmik Bapodara, originated from their components racing workforce with a sight to form sustainable applied sciences in Republic of India. The corporate has won grants and awards from the Ministry of Agriculture, DST, MeitY, Acumen, ACIR (US Embassy to Republic of India), IIT Madras Incubation Mobile, and Daimler Republic of India Business Cars.
Yotuh Power’s electrical energetic refrigeration machine, powered via a Lithium-Ion Battery, operates independently of the car’s major engine and contours proprietary adaptive keep watch over era. Their era is making a unutilized marketplace for intra-city perishable transportation via enabling Mini Business Cars and Business EVs for chilly chain logistics.
Management Insights
Dharmik Bapodara, Co-Founder, Yotuh Power: “This funding will significantly enhance our product development, testing, and operations. Our goal is to make cold chain logistics more accessible, affordable, and sustainable, steering us towards a future driven by innovation and advanced technologies in refrigeration systems.”
Chandran Krishnan, Managing Director & CEO, Campus Angels Community: “Yotuh Energy’s innovative approach aligns perfectly with our investment philosophy. We believe their electric refrigeration systems will revolutionize cold chain logistics, enhancing efficiency, sustainability, and offering substantial cost savings to the industry.”
Vinod Dasari, former Managing Director of Ashok Leyland and ex-CEO of Royal Enfield, and Guide to Yotuh Power: “Yotuh Energy’s pioneering electric refrigeration technology represents a major advancement in cold chain logistics. Their focus on sustainability and efficiency is exactly what the industry needs to move forward, and I am excited to see how their solutions will transform the market.”
Construction Momentum for Trade Expansion
This funding will backup Yotuh Power’s product construction, trying out, operations, and workforce enlargement to boost up their sight of reworking chilly chain logistics. By means of pioneering electrical refrigeration programs, this investment will fortify their proprietary adaptive keep watch over era, do away with gasoline utilization, shed operational bills, and power the business against greener and extra environment friendly practices.
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