About Promethean Power Systems
Promethean Power Systems is a company based in Pune (India) founded in 2007 by Sorin Grama and Sam White. 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 offers products and services including Rapid Milk Chiller, Conventional Milk Chiller, Rapid Milk Chiller Premium, Micro Can-Chiller, and Cold Storage Solutions. Promethean Power Systems operates in a competitive market with competitors including Nordic 247 Services, VeriSolutions, Wakati, BottleKeeper and Get Prepd, among others.
- Headquarter Pune, India
- Founders Sorin Grama, Sam White
- Stage Minicorn
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Sectors
Consumer
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Email
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Phone
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Website
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Social
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- Legal Name Promethean Spenta Technologies Pvt. Ltd.
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$3.33 M (USD)8.66as on Mar 31, 2022
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Net Profit
-$351.99 K (USD)-31.05as on Mar 31, 2022
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EBITDA
-$63.34 K (USD)-120.25as on Mar 31, 2022
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Total Equity Funding
$1.87 M (USD)
in 6 rounds
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Latest Funding Round
$1 M (USD), Series A
Oct 04, 2019
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Investors
Acumen
& 2 more
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Employee Count
Not available
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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.
People of Promethean Power Systems
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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.
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.
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Venture capital fund focused on multiple sectors
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Startups are accelerated via MIT-backed program in Cambridge.
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A government-backed foundation providing seed-stage investments to support small businesses.
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Investor details for Promethean Power Systems
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Investments & Acquisitions by Promethean Power Systems
Investment portfolio details for Promethean Power Systems
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Financial Statements - Promethean Power Systems
Detailed financials for Promethean Power Systems
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Promethean Power Systems Comparisons
Peer comparison for Promethean Power Systems
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Competitors of Promethean Power Systems
Promethean Power Systems operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Nordic 247 Services, VeriSolutions, Wakati, BottleKeeper and Get Prepd, among others.
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Beverage e-cooling units are supplied to food businesses.
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It functions as an iot-powered temperature monitoring solutions for food refrigeration devices.
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Solar Powered device for extending shelf life of farm produce
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Bottle covers are manufactured to insulate and protect beer bottles.
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Sells non-stick cast iron skillets, Dutch ovens, and innovative meal prep tools.
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Detailed competitors of Promethean Power Systems
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Latest news on Promethean Power Systems
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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.
Annual revenue of Promethean Power Systems is $3.33M as on Mar 31, 2022.
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.