In a groundbreaking move for the logistics industry, Yotuh Energy Private Limited, a pioneering cleantech startup specializing in electric refrigeration systems for mid-mile and last-mile cold chain logistics, has secured a significant ₹1.53 crore in funding. The round was led by Campus Angels Network and is set to propel the startup’s innovative solutions to new heights.
Empowering Sustainable Cold Chain Logistics
This fresh injection of capital will be utilized to accelerate Yotuh Energy’s product development, rigorous testing, and operational scaling. The funding will also support team expansion as the company continues its mission to transform the cold chain logistics landscape. Yotuh Energy’s cutting-edge electric refrigeration technology is designed to eliminate traditional fuel usage, reduce operational costs, and drive the logistics industry towards a more sustainable and efficient future.
Visionary Founders and Industry Recognition
Founded in 2022 by IIT Delhi alumni Vivek Mahindrakar, Shaivee Malik, and Dharmik Bapodara, Yotuh Energy has quickly established itself as a leader in sustainable technology innovation. The startup has already garnered several grants and accolades from prestigious institutions, including the Ministry of Agriculture, Department of Science and Technology (DST), MeitY, Acumen, ACIR (US Embassy to India), IIT Madras Incubation Cell, and Daimler India Commercial Vehicles.
Co-founder Dharmik Bapodara expressed his enthusiasm for the funding milestone, stating, “This investment is a major leap forward for Yotuh Energy. It will significantly bolster our product development, testing, and operations, enabling us to make cold chain logistics more accessible, affordable, and sustainable. We are excited to lead the industry into a future powered by innovation and advanced electric refrigeration technologies.”
Industry Leaders Support Yotuh Energy’s Vision
The transformative potential of Yotuh Energy’s solutions has attracted the attention of industry heavyweights. Chandran Krishnan, Managing Director and CEO of Campus Angels Network, believes that Yotuh Energy’s electric refrigeration systems are poised to revolutionize cold chain logistics, enhancing efficiency, sustainability, and delivering substantial cost savings.
Vinod Dasari, former Managing Director of Ashok Leyland and ex-CEO of Royal Enfield, who now serves as an advisor to Yotuh Energy, echoed this sentiment. He remarked, “Yotuh Energy’s focus on sustainability and efficiency is exactly what the logistics industry needs to move forward. Their innovative solutions are set to transform the market and lead the charge toward a greener future.”
- How do you think electric refrigeration systems will impact the future of cold chain logistics?
- What are the potential challenges Yotuh Energy might face as they scale their operations?
- Do you believe that the logistics industry is ready for a widespread shift to sustainable, fuel-free technologies?
- How can startups like Yotuh Energy influence other sectors to adopt greener practices?
- What role do you see for electric vehicle technology in transforming other areas of logistics and transportation?
