Optimist Raises US$ 12 Million funding to Produce Air Conditioners in India

Optimist Raises US$ 12 Million funding

India: Technology-led cooling startup Optimist has secured US$12 million in a seed and pre-Series A funding round led by Accel and Arkam Ventures, with participation from angel investors, to develop and produce air-conditioning systems suited to India’s high temperatures and constrained power conditions. Founded in 2024 by Ashish Goel, former CEO and co-founder of Urban Ladder, and Pranav Chopra, the company plans to use the funds to advance research and development, scale manufacturing, and prepare for market launch early this year.

Source: Business Standard