
Coolar
Coolar develops a cooling system that needs no electricity - powered instead with heat from the sun.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor | €0.0 | round |
investor investor | €0.0 | round | |
investor | €0.0 | round | |
N/A | Seed | ||
Total Funding | 000k |
EUR | 2018 | 2019 |
---|---|---|
Revenues | 0000 | 0000 |
% growth | - | (64 %) |
EBITDA | 0000 | 0000 |
Profit | 0000 | 0000 |
EV | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x |
R&D budget | 0000 | 0000 |
Source: Company filings or news article
Related Content
Coolar is an innovative company that specializes in providing solar-powered, electricity-free refrigeration solutions. The company's primary product is a refrigerator that operates using solar thermal energy, making it ideal for regions with unreliable or expensive electricity. Coolar's system uses warm water, which is easy to generate through solar energy and store in a water tank, eliminating the need for short-lived batteries, electronic components, or rotating parts. This results in a robust, long-lasting, and economical solution for cooling needs.
The company primarily serves health workers and organizations in remote or underserved areas, helping them preserve lifesaving medicines and vaccines. By offering a grid-independent cooling system, Coolar ensures that essential medical supplies remain effective even in challenging environments. The business model revolves around raising investment to pilot these electricity-free cooling systems and eventually scaling up production and distribution.
Coolar generates revenue through the sale of its refrigeration units and potentially through partnerships with healthcare organizations and NGOs. The company's focus on sustainability is evident in its use of non-hazardous materials and its significantly lower CO2 emissions compared to conventional refrigerators.
Keywords: solar-powered, electricity-free, refrigeration, medicine storage, vaccine preservation, remote areas, sustainable, robust, economical, non-hazardous.