Tessol

What Tessol does

Tessol (legally Thermal Energy Service Solutions Private Limited, CIN U29220MH2013PTC240243) is an India-based, privately-held cold chain technology company founded in 2013 by Rajat Gupta (IIT Delhi, Harvard MBA). The company builds sustainable cold chain solutions centered on proprietary Phase Change Material (PCM) thermal energy storage technology, which stores and releases heat via phase transitions and operates independent of vehicle engines or diesel fuel. The product portfolio spans vehicle-mounted systems for secondary distribution (Plug-n-Chill, Blo-Chill, Nova Chill, multi-compartment trucks), portable boxes and bags for tertiary/last-mile distribution (Zenbox Active/Passive, IndiWrap, frozen bags/cartridges), pharmaceutical shippers (Pack N Ship, ROTOMOLDED Range, 72-90 hour holdover at 2-8°C and -20°C), and a real-time temperature monitoring platform (Tamsys). Temprange capability is cited as -25°C to +25°C (with marketing copy claiming -40°C to +40°C for ultra-fast chilling) for durations of 8 to 14 hours across multiple drops, with claimed 60% fuel cost savings and 45% operating cost reduction versus conventional diesel refrigeration.

Tessol generates revenue through three streams: (1) hardware sales and rentals of PCM-based vehicles, boxes, cartridges, and packaging; (2) subscription/recurring revenue from Tamsys real-time monitoring services; and (3) professional services for custom application engineering. Pricing is quote-based, customized to vehicle size, units, temperature range, and contract duration, with multi-year enterprise contracts. Direct enterprise field sales is the primary go-to-market motion, targeting large e-commerce, quick commerce (Swiggy Instamart, Dunzo), retail (Reliance Retail), pharmaceutical (Netmeds), food (Mondelez, Licious, Amul, BigBasket, Theobroma, Polar Bear, Vadilal, Godrej), and produce (Sarda Farms, Sam Berry Exotics) customers. International distribution is via the PLUGnCHILL NZ partner for Australia/New Zealand and a direct Sharjah office for the UAE.

The company operates from a Navi Mumbai HQ with offices in Auckland (regional partner) and Sharjah (UAE sales), and reports having delivered 1 billion units of fresh food across 4 countries while claiming 3 million tons of food wastage prevented and 1 million tons of GHG emissions reduced. Tessol is backed by Mela Ventures (lead, June 2022, Rs 7.5 crore), 1crowdAngels, 1Fund, Infuse Ventures (2014, 2016 lead), Ankur Capital, and Malpani Ventures, and has won the WWF Climate Solver Award (2014), UNIDO Low Carbon Technology Program (2018), Deutsche Energie-Agentur Startup Energy Transition Award (2017), Frost & Sullivan India Award, Emerson Cup, and TiE India Innovation Growth recognition.

Name

Tessol

Legal name

Thermal Energy Service Solutions Private Limited

Website

https://tessol.in

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Tessol is an India-based cold chain technology company founded in 2013 that builds proprietary Phase Change Material (PCM) thermal storage solutions, vehicle systems, pharmaceutical shippers, and the Tamsys real-time monitoring platform, serving enterprise customers in e-commerce, quick commerce, pharmaceutical, and food industries across India, UAE, Australia, and New Zealand.

Ownership category

akta.pro rank

Product category

Cold Chain Logistics Technology

NAICS

Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341), Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415), Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use (334512)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Refrigeration & Service Industry Machinery (3580), Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

Cold Chain & Temperature-Controlled Storage Equipment (IMAHAKAJ)

akta.pro secondary industries

Temperature-Controlled & Insulated Shippers (Coolers, Gel Packs, PCM Systems) (IMALAFAI), Cold Chain & Temperature-Controlled Packaging (Insulated Shippers, Gel Packs) (IMALAIAG), Cold Chain Monitoring, Sensors & Control Towers (IoT, data loggers) (HLAGAMAG), Packaging, Insulation & Temperature-Controlled Shippers (Qualified Systems) (HLAGAMAF), Cold storage facility environmental sensing (rooms, freezers, blast chillers) (TLAEALAL)

Keywords

• Cold chain logistics
• Phase change material technology
• Temperature-controlled packaging
• Refrigerated transport solutions
• Pharmaceutical cold chain

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Cold Chain Hardware Solutions: Sale of PCM-based cold chain equipment including Plug-n-Chill vehicles, ZenBox containers, IndiWrap packaging, PCM cartridges, and temperature-controlled bags. The company provides both purchase and rental options for their proprietary cold chain solutions to businesses.
2. Cold Chain Monitoring Services: TAMsys real-time temperature monitoring system providing ongoing monitoring services for cold chain assets throughout the delivery process.
3. Application Development and R&D Services: Custom application engineering and development services for specific cold chain requirements across various industry verticals including pharma, food, and e-commerce.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

Tessol designs, manufactures, and supplies sustainable cold chain technology solutions based on proprietary Phase Change Material (PCM) technology. Its offerings include PCM cartridges, eutectic refrigerated transport systems (Plug-n-Chill), insulated containers (Zenbox), single-use frozen food packaging (IndiWrap), pharmaceutical shippers, and the TAMsys real-time temperature monitoring platform. Customers are enterprise buyers in e-commerce, quick commerce, pharmaceutical distribution, dairy, ice cream, confectionery, meat and seafood, and fresh produce, and solutions operate without engine or fuel dependency across -25°C to +25°C.

Product overview

Tessol offers an end-to-end cold chain technology platform built around proprietary Phase Change Material (PCM) technology that maintains temperatures from +40°C to -40°C without engine or fuel dependency. The core platform consists of PCM-based thermal energy storage solutions integrated with real-time monitoring (Tamsys). The product portfolio includes vehicle-mounted systems (Nova Chill, Plug-n-Chill, Blo-Chill trucks), portable solutions (Zenbox Active/Passive, insulated boxes, cartridges), and last-mile delivery products (IndiWrap, PCM bags). For pharmaceuticals, Tessol provides PACK N SHIP shippers and ROTOMOLDED Range boxes. All solutions work across temperature ranges from -25°C to +25°C and are designed for Indian ambient conditions, emphasizing sustainability through reduced fuel consumption and GHG emissions.

Differentiator

Problem solved

Functional benefit

Brands

• Apollo PCM: Phase Change Material technology product line for cold chain solutions.
• IndiWrap
• Tamsys
• Plug n Chill
• Pack N Ship
• Zenbox

Products and services

• PCM Technology (Phase Change Material) Proprietary Phase Change Material technology platform that stores thermal energy and maintains temperatures from -40°C to +40°C without engine or fuel dependency, serving as the foundation for Tessol's cold chain hardware portfolio across food and pharmaceutical applications.
• TAMsys Real-time temperature and asset monitoring platform that tracks consignment conditions throughout the cold chain delivery process, with wireless sensors offering 6-month to 2-year battery life and automatic smartphone setup for enterprise cold chain operators.
• Apollo PCM PCM-based product line for temperature-controlled applications sold to food and pharmaceutical sector customers requiring reliable, sustainable cold chain temperature maintenance.
• IndiWrap Single-use biodegradable, non-toxic wrapper for ice cream and frozen product delivery that uses PCM technology to maintain temperature for up to 60 minutes without additional insulation, enabling frozen food home delivery without conventional reefer vehicles.
• Pack N Ship (Pharmaceutical) Single and multi-use pharmaceutical shippers engineered for 72-90 hours of validated temperature maintenance in -20°C to +15°C ranges, designed for Indian ambient conditions of 40°C, suitable for vaccine, biologic, and medicine secondary and tertiary distribution.
• ROTOMOLDED Range (Pharma) Passively cooled rotomolded boxes with integrated real-time monitoring capabilities, maintaining 2-8°C and -20°C temperature ranges for up to 48 hours for pharmaceutical logistics operations.
• Plug-n-Chill (Eutectic Vehicle System) Patented eutectic refrigerated transport technology where compressor-mounted chargers on vehicle containers charge PCM-filled heat exchanger plates, maintaining temperatures from -25°C to +25°C for 10-12 hours with multiple delivery drops and no fuel dependency.
• Zenbox Active / Passive Insulated boxes with charged PCM cartridges for temperature-controlled secondary and tertiary distribution, available in Active and Passive variants and multiple sizes, retaining temperatures for up to 48 hours without engine or fuel dependency.
• SWAP Insulated Carriers and Cartridges Insulated carriers and cartridges system engineered for multi-temperature delivery requirements, enabling multiple deliveries with different temperature zones within part-compartment vehicles for last-mile and short-haul cold chain operators.
• Blo-Chill / Blofreeze Series Multi-compartment refrigerated vehicle series using conditioned PCM heat exchanger panels to provide frozen, chilled, and ambient temperature zones within a single vehicle for intercity transport of mixed perishable consignments.

Quantifiable outcome

• 3 Million tons of food wastage prevented
• +5 more outcomes

Named customers18 records

Segments7 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• PLUGnCHILL NZregional partnerChannel Partner/ Reseller/ DistributorAuthorized regional partner for Tessol's PCM technology solutions in Australia and New Zealand. Located at 10 Te Apunga Place, Mt Wellington, Auckland, New Zealand. Handles sales and support for ANZ region.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Market position

Strengths5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xtwitter.com/indiancoldchain
• YouTubeyoutube.com/channel/UCmbKAXjdiJn0_wD7X8d_M4Q
• LinkedInlinkedin.com/company/thermal-energy-service-solutions-pvt-ltd
• Instagraminstagram.com/tessolindia

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds5 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tessol