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Cold chain startup Inficold raises USD 900,000 from RVCF and other investors ANI | Updated: Jan 23, 2021 16:06 IST
New Delhi [India], January 23 (ANI/NewsVoir): Inficold, a Noida - based startup supported by Shell Foundation, an independent UK registered charity, that provides cold storage solutions has raised USD 900,000 (Rs 6.5 crore approximately) in a funding round from RVCF and other undisclosed high net worth individuals as a part of their Pre Series A fund closure.
The funds raised will be utilized to expand the overall manufacturing, sales and servicing capabilities by the company.
Founded in 2015, Inficold has developed a retrofittable thermal energy storage technology for storing cooling in a low-cost medium such as water to ice. The technology is designed to use solar electric energy to make ice, and later use it for cooling purposes.
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