Nagas Innovation
Nagas Innovation is a privately-held Canadian industrial manufacturer based in Varennes, Quebec, that produces energy recovery and gas heating units for HVAC systems and industrial applications. Founded in 1980, the company employs 11-50 people and most recently received funding from Desjardins Capital in May 2024.
- Company typePrivate
- Founded1980
- HeadquartersVarennes, Canada
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Nagas Innovation does
Nagas Innovation is a privately-held Canadian industrial manufacturer headquartered in Varennes, Quebec. According to its firmographic profile, the company manufactures energy recovery and gas heating units, with product application focused on HVAC systems and industrial customers. The firm was founded in 1980 and reports a headcount of 11-50 employees, placing it in the small-enterprise / lower mid-market industrial OEM segment.
The company's business is concentrated in the design, fabrication, and supply of energy recovery and gas heating equipment for HVAC and industrial end-users. The available source data does not disclose specific product SKUs, technical specifications, pricing, distribution channels, named customers, or certifications; the corporate website at nagasinnovation.com returned only a verification/loading screen during data collection, so the granular product catalog, value proposition, and go-to-market mechanics are unverified. Consequently, the revenue model (build-to-order equipment sales vs. custom engineering, recurring service, or distribution) cannot be determined from the available evidence.
Capital-structure signals indicate the company remains private and has raised at least four funding rounds, with the most recent (May 7, 2024) including Desjardins Capital as a disclosed investor. No acquisition, leadership-change, product-launch, partnership, or geographic-expansion events were present in the source data, and management team information was not available, leaving the company effectively opaque to outside analysis beyond its basic firmographic identity.
Nagas Innovation firmographics
Firmographics- Name
- Nagas Innovation
- Website
- https://nagasinnovation.com
- Company type
- Private
- Founded year
- 1980
- Headcount range
- 11–50 employees
- Short description
- Nagas Innovation is a privately-held Canadian industrial manufacturer based in Varennes, Quebec, that produces energy recovery and gas heating units for HVAC systems and industrial applications. Founded in 1980, the company employs 11-50 people and most recently received funding from Desjardins Capital in May 2024.
- Ownership category
- akta.pro rank
Nagas Innovation industry classification
Industry- Product category
- Industrial HVAC and Heating Equipment
- NAICS
- Heating Equipment (except Warm Air Furnaces) Manufacturing (333414), Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415)
- SIC
- Heating Equipment, Except Electric & Warm Air Furnaces (3433), Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)
- akta.pro primary industry
- HVAC Equipment (Heating, Cooling & Air Handling) (IMAHAKAB)
- akta.pro secondary industries
- Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC), Heat Exchangers, Coils & Hydronic HVAC Components (IMADANAF)
Keywords
Where Nagas Innovation is headquartered
LocationHeadquarters
- HQ city
- Varennes
- HQ country
- Canada
- HQ region
- North America
Markets served
Nagas Innovation business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D
Nagas Innovation product offering
Product offeringCore offering
Nagas Innovation manufactures energy recovery units and gas heating units for HVAC systems and industrial applications. The company produces physical equipment used in heating, ventilation, and industrial thermal processes for business buyers.
Product overview
No product or service information available from the source data. The provided source shows only a loading/verification page at http://nagasinnovation.com/ with no accessible content about the company's offerings.
Differentiator
Problem solved
Functional benefit
Products and services
- Energy recovery units Manufactured equipment that recovers energy (typically heat) from exhaust or process streams for reuse in HVAC or industrial systems. Targeted at industrial and commercial buyers with HVAC or process-heating energy-recovery needs.
- Gas heating units Gas-fired heating equipment produced for HVAC and industrial heating applications. Targeted at commercial and industrial buyers requiring gas-fired heating systems.
Companies that use Nagas Innovation
Customer profileIdeal customer profiles1 record
Nagas Innovation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Nagas Innovation partnerships and signals
Strategic signalRecent moves1 record
Expansion highlights1 record
Nagas Innovation competitors and assessment
Company assessmentBroad incumbents
- Modine Manufacturing: Modine is a long-established manufacturer of heat-transfer and HVAC equipment for industrial and commercial markets, directly overlapping with Nagas's energy recovery and gas heating focus, but at much greater scale and global footprint.
- Watts Water Technologies: Watts produces a broad portfolio of heating, plumbing, and flow-control products including commercial boilers and heat-transfer equipment, overlapping with Nagas's hydronic and gas heating offering at larger scale.
- Cleaver-Brooks: Cleaver-Brooks is a major North American manufacturer of industrial boilers and heat-transfer equipment, competing with Nagas in industrial gas heating and energy recovery applications at significantly larger scale.
- Trane Technologies: Trane produces a broad portfolio of commercial HVAC equipment including energy-recovery ventilators and gas-fired heating systems, providing a broader incumbent benchmark against Nagas's specialty offerings.
Direct peers
- Camus Hydronics: Camus Hydronics specializes in commercial and industrial hydronic and gas-fired heating equipment, including heat exchangers and boilers, making it one of the closest direct comparables to Nagas's product line.
- RBI (Raypak): RBI / Raypak designs and manufactures gas-fired copper-fin water heaters, boilers, and hydronic heating equipment, sharing Nagas's focus on gas heating units for commercial and industrial applications.
- U.S. Boiler Company: U.S. Boiler manufactures cast-iron and stainless steel boilers and hydronic heating equipment for residential and light commercial markets, comparable to Nagas's gas-heating boiler and hydronic focus.
- Des Champs Technologies: Des Champs Technologies specializes in energy recovery ventilation and air-handling equipment for commercial and industrial buildings, directly competing with Nagas's energy recovery product line.
Emerging players
- Heatpipe Technology: Heatpipe Technology designs heat-pipe based energy recovery systems for HVAC applications, representing a more niche / emerging competitor in the same energy recovery segment as Nagas.
Regional players
- Engineered Air: Engineered Air is a Canadian manufacturer of commercial and industrial HVAC equipment including heat recovery units, comparable in geography (Canadian) and product mix to Nagas's industrial HVAC focus.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat1 record
Key risks5 records
Key highlights5 records
Customer concentration
Nagas Innovation social profiles
Digital presenceNagas Innovation financial estimates
Financial estimateRevenue estimate
Valuation estimate
Nagas Innovation leadership team
Management profileNumber of profiles
Nagas Innovation funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Nagas Innovation M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Nagas Innovation
What does Nagas Innovation do?
Nagas Innovation manufactures energy recovery units and gas heating units for HVAC systems and industrial applications. The company produces physical equipment used in heating, ventilation, and industrial thermal processes for business buyers.
When was Nagas Innovation founded?
Nagas Innovation was founded in 1980. It employs 11 to 50 people.
Where is Nagas Innovation based?
Nagas Innovation is headquartered in Varennes, Canada, in the North America region.
Who are Nagas Innovation's main competitors?
Broad incumbents on record are Modine Manufacturing, Watts Water Technologies, Cleaver-Brooks and Trane Technologies. Direct peers are Camus Hydronics, RBI (Raypak), U.S. Boiler Company and Des Champs Technologies. Heatpipe Technology is listed as an emerging player. Engineered Air is listed as a regional player.
Does Nagas Innovation have an API?
No public API is recorded for Nagas Innovation.
What industry is Nagas Innovation in?
Nagas Innovation's product category is Industrial HVAC and Heating Equipment. Its primary akta.pro industry code is IMAHAKAB, HVAC Equipment (Heating, Cooling & Air Handling), with a secondary code of IMAHAEAC, Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers). Its NAICS code is 333414 and its SIC code is 3433.