The current product portfolio consists of modular cold storage, instant milk coolers and bulk milk coolers
Inficold, a Noida-based start-up supported by Shell Foundation, an independent UK registered charity, that provides cold storage solutions has raised $900,000 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 service capabilities of 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. Inficold’s products enable the application of thermal storage for virtually any cooling needs, be it milk, cold storage, air conditioning, and vaccine refrigeration, without making any major modifications to existing cooling hardware. The current product portfolio consists of modular cold storage, instant milk coolers and bulk milk coolers.
The modular cold storage units store 5-100 MT of farm produce in the 4-16 C temperature range, whereas milk coolers cool 200-10,000 L of milk on a daily basis. The company’s future vision is to permeate in dairy, horticulture, poultry, meat, cold logistics, and air conditioning segments across India. The primary challenges addressed by Inficold are grid dependency, diesel, and unreliable electric batteries which make cold chain cost-prohibitive for developing countries.
The company has installations in more than 17 states of India with a strong presence in North-Eastern states including Assam, Meghalaya, and Tripura. Inficold is aggressively ramping up its production capacity by over 10 times.
