Sustaintech

The vision is to develop and promote sustainable energy related technologies and products to create a better environmental and financial impact.

2009

For-profit

Energy

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Founders


Details


Region of operation

Tamil Nadu

Headquarters address

22/74A, 2nd Street , Deputy Collector Colony, K.K. Nagar, (behind Rajadhane Hotel) Madurai Country: India Zip: 625020

Target problem

Sustaintech India Private Limited is a social enterprise which manufactures and sells sustainable energy products, primarily fuel-efficient commercial cook stoves. It is an offshoot of Technology Informatics Design Endeavour (TIDE).

Key product / Service

Sustainable energy products, primarily fuel-efficient commercial cook stoves.

Team size

51-100

Number of beneficiaries

1700

Awards and recognition

  • 2011 Ashoka Fellowship Recipient
  • 2008 Ashden Energy Champion Award Recipient
  • 2007 Outstanding Social Entrepreneur of the Year award recipient from the World Economic Forum at the India Economic Summit

Funding and Operating Model


Funding round

Series A

Total funding raised

Business details

Sustaintech started operations in 2011 in Tamil Nadu through direct sales. . Till mid 2013 with more than 1700 stoves were sold over the district of Tamil Nadu.The stoves can be used in road side kitchens, in dhabas, in hotels, hostels, in schools for mid day meals by food processing units preparing sweets, fried foods. By partnering with organizations which could be community based organizations, non profits, microfinance institutions, dealerships, with other cook stove and renewable energy companies, they take advantage of their regional expertise and provide our technical and business expertise more quickly and effectively to reach new customer bases.

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