About Promethean Power Systems
Promethean Power Systems is a Consumer company based in Pune (India) founded in 2007 by Sorin Grama and Sam White. It manufactures and supplies cold storage and milk chilling equipment for dairy industry. Promethean Power Systems has raised $1.87 million across 6 funding rounds from investors including Acumen, MIT $100K and National Science Foundation. Promethean Power Systems was last valued at $2.32 million in January 2013. Its chief executive is Jiten Ghelani. Its Indian entity Promethean Spenta Technologies Private Limited reported revenue of ₹28.65 Cr. Promethean Power Systems offers products and services including Rapid Milk Chiller, Conventional Milk Chiller, Rapid Milk Chiller Premium, Micro Can-Chiller, and Cold Storage Solutions. Its focus areas include Food and Agriculture Tech, Food Tech, Tech Hardware and Food Storage and Preservation. Its competitors include Nordic 247 Services, VeriSolutions, Wakati, BottleKeeper and Get Prepd and 4 more; 3 of its 9 listed competitors have raised funding.
Company details
Promethean Power Systems was founded in 2007 and is based in Pune, India. Equipment for cold storage and milk chilling in the dairy sector is manufactured and supplied. Products include milk chillers and storage solutions that incorporate patented thermal storage technology, thermal batteries, and solar power integration. Customized options are developed to meet specific customer requirements. Operations are conducted from a manufacturing facility in Pune.
- Headquarters Pune, India
- Founders Sorin Grama, Sam White
- Stage Minicorn
- SectorsConsumer
- Email••••••••
- Phone•••• ••••
- Website coolectrica.com
- Social LinkedIn X Facebook
- Legal Name Promethean Spenta Technologies Pvt. Ltd.
- Date of Incorporation 05 Nov, 2004
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹28.65 Cr
FY 2025 · -7% YoY
- Net Loss-₹6.96 Cr
FY 2025 · -24% margin
- EBITDA-₹4.74 Cr
FY 2025 · -17% margin
- Total Equity Funding$1.87M (USD)
in 6 rounds
- Latest Funding Round$1M (USD), Series A
Oct 2019
- InvestorsAcumen
& 2 more
Associated legal entities of Promethean Power Systems
Promethean Power Systems is associated with 2 registered companies on The Company Check; the primary company is Promethean Spenta Technologies Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Promethean Spenta Technologies Private Limited CIN U29191PN2004PTC183956 | Active | 05 Nov 2004 | Pune, Maharashtra | ₹28.6 Cr | 44 | 4 | View details |
| Promethean Power Systems Private Limited CIN U40106PN2010PTC135870 | Strike Off | 22 Mar 2010 | Pune, Maharashtra | – | – | 3 | View details |
Products & Services of Promethean Power Systems
Promethean Power Systems offers a comprehensive portfolio of products and services, including Rapid Milk Chiller, Conventional Milk Chiller, Rapid Milk Chiller Premium, Micro Can-Chiller, and Cold Storage Solutions.
Rapidly chills milk to reduce spoilage and preserve quality.
Provides standard milk chilling for dairy applications.
Offers advanced milk chilling with enhanced features.
Chills small-scale containers for cold storage needs.
Delivers customizable cold storage for various products.
Provides bespoke refrigeration systems for specific uses.
Integrates solar power into refrigeration systems.
Enables remote tracking of refrigeration performance.
Funding Insights of Promethean Power Systems
Promethean Power Systems has successfully raised a total of $1.87M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $1 million completed in October 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.87M
- Total Rounds 6
- Last Round Series A — $1M
- First Round $364,221
(Mar 2010)
- Investors Count 3
All 6 funding rounds of Promethean Power Systems with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2019 | $1M | Series A | – | Acumen | – |
| Jul 2016 | $10,000 | Grant | – | – | |
| Jan 2013 | $501,510 | Seed | $2.32M | – | – |
| May 2011 | $176,539 | Grant | – | – | |
| Jun 2010 | – | Angel Round | – | – | – |
| Mar 2010 | $364,221 | Seed | – | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2013 | $2.32M | •••••••• |
Last known valuation $2.32M (Jan 2013). 3 investors in total: 3 institutional.
Investors in Promethean Power Systems
Promethean Power Systems has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Acumen, MIT $100K and National Science Foundation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund focused on multiple sectors | 2001 | acumen.org | New York, United States | |
Startups are accelerated via MIT-backed program in Cambridge. | – | mit100k.org | Cambridge, United States | |
A government-backed foundation providing seed-stage investments to support small businesses. | 1950 | nsf.gov | Arlington, United States |
Investor details for Promethean Power Systems
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Promethean Spenta Technologies Private Limited (Promethean Power Systems)
Promethean Spenta Technologies Private Limited is the primary company behind Promethean Power Systems. The boards of the 2 registered companies of Promethean Power Systems currently have 5 directors; the longest-serving is Sorin Grama, appointed in 2010. 13 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sorin Grama DIN 02990853 | Director | 23 Mar 2010 | 16 yrs 6 mo | Promethean Power Systems Private Limited, Promethean Spenta Technologies Private Limited |
| Samuel White DIN 02987476 | Director | 13 Apr 2010 | 16 yrs 6 mo | Promethean Power Systems Private Limited, Promethean Spenta Technologies Private Limited |
| Karthik Chandrasekar DIN 03122878 | Alternate Director | 30 Apr 2014 | 12 yrs 5 mo | Promethean Power Systems Private Limited |
| Jitendra Bakorbhai Ghelani DIN 07899098 | Director | 01 Dec 2018 | 7 yrs 10 mo | Promethean Spenta Technologies Private Limited |
| Jofi Pedickattukunnel Joseph DIN 08573125 | Managing Director | 26 Sep 2019 | 7 yrs | Promethean Spenta Technologies Private Limited |
People of Promethean Power Systems
17 people are tracked at Promethean Power Systems (8 in leadership, 9 in team).
| Name | Role | Group |
|---|---|---|
| Co-Founder & Director | Leadership | |
Sam White | Co-Founder & Director | Leadership |
Jiten Ghelani | CEO | Leadership |
| Managing Director | Leadership | |
Arkajit Mandal | VP, Strategy | Leadership |
Steve Ross, PE | Director | Leadership |
Prakash Ratha | Head of Product & Technology | Leadership |
Dileep Kate | Head of Manufacturing | Leadership |
Ravikant Roy | R&D Trainee Engineer | Team |
DHRUVA MOHARIL | SAP Consultant / Sr Design Engineer | Team |
Ram Bheke | GM - Value Chain Business | Team |
Pratik Pawar | Senior Engineer (Production) | Team |
Preethchand PPR | Regional Sales Manager | Team |
Ravi Shankar Veepuri | Operations Manager | Team |
Bhavin Nagda | GM - Software Solutions Business | Team |
Ram Kumar | Senior Manager, Operations | Team |
Chhaya Palrecha | Consultant Finance | Team |
Complete people profiles for Promethean Power Systems
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Financials of Promethean Power Systems
Figures of Promethean Spenta Technologies Private Limited, the primary company behind Promethean Power Systems, for FY 2025. Revenue was ₹28.65 Cr (-7% year on year). Net loss was -₹6.96 Cr (-24% margin). EBITDA was -₹4.74 Cr (-17% margin). Revenue has grown at a compounded annual rate of +1% over three years and +11% over five years.
- ₹28.65 CrRevenue · FY 2025 · -7% YoY
- -₹6.96 CrNet loss · -24% margin
- -₹4.74 CrEBITDA · -17% margin
- ₹13.4 LakhPaid-up capital
- 44Employees (provident fund records)
- +1%Revenue CAGR, 3 years
- +11%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Promethean Spenta Technologies Private Limited are on its company page.
Detailed financial statements for Promethean Power Systems
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Promethean Power Systems
4 dated milestones of Promethean Power Systems across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Promethean Power Systems is founded.
- Funding First funding round of $364K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $1.0M.
Competitors of Promethean Power Systems
Promethean Power Systems has 9 listed competitors in our database, 3 of them funded. They include Nordic 247 Services, VeriSolutions, Wakati, BottleKeeper and Get Prepd, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| nordic247.com | 2010 | Espoo, Finland | – | – | Beverage e-cooling units are supplied to food businesses. | |
| verisolutions.co | 2015 | Atlanta, United States | $6.11M | – | It functions as an iot-powered temperature monitoring solutions for food refrigeration devices. | |
| wakati.org | 2013 | Antwerp, Belgium | $500,000 | – | Solar Powered device for extending shelf life of farm produce | |
| bottlekeeper.com | 2013 | Phoenix, United States | $1M | 5 | Bottle covers are manufactured to insulate and protect beer bottles. | |
| getprepd.com | 2015 | Hong Kong, China | – | – | Sells non-stick cast iron skillets, Dutch ovens, and innovative meal prep tools. | |
| smartfoodstuff.com | 2013 | Altamonte Springs, United States | – | – | Offers smart containers that detect food spoilage and preserve freshness for families. | |
| ovie.life | 2017 | Chicago, United States | – | – | Develops innovative smart food storage technologies. | |
| vaqua.it | 2019 | Dalmine, Italy | – | – | Provides tools for sous vide, marination, infusions, and food preservation techniques. | |
| smmartlocker.com | 2022 | Roma, Italy | – | – | Provides smart locker and robotic solutions for efficient last-mile delivery. |
Detailed competitors of Promethean Power Systems
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Promethean Power Systems
Websites that share an audience with Promethean Power Systems (coolectrica.com).
Websites whose visitors overlap most with Promethean Power Systems. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| ecoplexus.com | 100% | 1.9K | #8,890,744 | View details | |
| enviromena.com | 100% | – | – | View details | |
| aerofarms.com | 73% | 14.9K | #1,844,591 | View details | |
bouldenecoservices.com | bouldenecoservices.com | 62% | – | – | – |
| nanoptek.com | 40% | – | – | View details |
Top companies in Food & Beverage Platforms
10 companies that operate in the same segment as Promethean Power Systems (Food & Beverage Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online platform food ordering and delivery service | 2008 | Gurugram, Haryana, India | USD 1.69 B | USD 5.79 B | 6,903 | |
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.5 B | USD 10.72 B | 80,579 | |
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.62 B | USD 2.46 B | 4,488 | |
Online marketplace offering multi-category grocery products | 2015 | Barcelona, Catalonia, Spain | USD 1.16 B | – | 15,437 | |
Food and market delivery services are provided by iFood. | 2011 | Sao Paulo, Brazil | USD 592.4 M | – | 16,949 | |
Platform for discovering and sharing local businesses | 2004 | San Francisco, California, United States | USD 56 M | USD 1.46 B | 5,120 | |
Restaurant operations are managed via a cloud-based platform. | 2011 | Boston, Massachusetts, United States | USD 900 M | USD 6.15 B | 8,021 | |
Rides and deliveries are facilitated via a mobile app platform. | 2012 | Dubai, Dubai, United Arab Emirates | USD 771.7 M | – | 6,360 | |
Online platform offering discovery of local deals, experiences, and rewards | 2015 | Gurugram, Haryana, India | USD 105.82 M | USD 37.82 M | 414 | |
Wolt is operated as a delivery platform for food and groceries. | 2014 | Helsinki, Finland | USD 827.96 M | – | – |
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Frequently Asked Questions about Promethean Power Systems
Promethean Power Systems was founded in 2007 and raised its 1st funding round 3 years after it was founded.
Promethean Power Systems is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Jiten Ghelani is the current CEO of Promethean Power Systems.
Promethean Power Systems is a funded company, having raised a total of $1.87M across 6 funding rounds to date. The company's 1st funding round was a Seed of $364.22K, raised on Mar 2010.
The primary company behind Promethean Power Systems, Promethean Spenta Technologies Private Limited, reported revenue of ₹28.65 Cr for FY 2025, down 7% year on year.
Promethean Power Systems was founded in 2007 and is based in Pune, India. Equipment for cold storage and milk chilling in the dairy sector is manufactured and supplied. Products include milk chillers and storage solutions that incorporate patented thermal storage technology, thermal batteries, and solar power integration. Customized options are developed to meet specific customer requirements. Operations are conducted from a manufacturing facility in Pune.
Promethean Power Systems's top competitors include Nordic 247 Services, BottleKeeper and Wakati.
Promethean Power Systems offers Rapid Milk Chiller, Conventional Milk Chiller, Rapid Milk Chiller Premium, Micro Can-Chiller, and 4 more products and services.
Promethean Power Systems has 3 investors. Key investors include Acumen, MIT $100K, and National Science Foundation.
The valuation of Promethean Power Systems is $2.32M as of Jan 2013.
Promethean Power Systems is associated with 2 legal entities: Promethean Spenta Technologies Private Limited, Promethean Power Systems Private Limited.
The legal entities of Promethean Power Systems currently have 5 directors, including Sorin Grama, Samuel White, Karthik Chandrasekar and others.