Home / Knowledge / News / Apparel/Garments / RTVL & Mumbai Angels invest in Dhama Apparel Innovations
RTVL & Mumbai Angels invest in Dhama Apparel Innovations
16
Jun '09
Reliance Technology Ventures Ltd (RTVL), the corporate venture capital arm of Reliance ADA Group and Mumbai Angels have invested an undisclosed amount in Hyderabad based Dhama Apparel Innovations Pvt. Ltd. Dhama's patented technology provides heating / cooling solutions to people living and working in difficult climatic environments.

The company's current line of products includes ClimaGear, a jacket/vest, ClimaNeck, a neck accessory and ClimaMet, an helmet. These products are embedded with ClimaCon technology developed by Dhama. This technology allows the wearer to select the choice of temperature he/she wants to feel, thereby allowing the wearer to adjust to harsh environments without added stress, discomfort, health problems, and reduced productivity. Dhama's products are developed to supplements the human body's thermal regulation by not obstructing sweat evaporation. Dhama's ClimaCon technology is superior to all existing technologies such as phase change or vapor compression due to its active &lightweight components. Dhama's products are targeted towards personnel working and living in extreme heat, which may cause adverse effects on the human body.

Founded in January 2008 and currently based out of National Design Business Incubator at National Institute of Design (NID), Ahmedabad, the company has received both Phase I and Phase II grant from Technopreneur Promotion Programme from Indian Government's Department of Scientific & Industrial Research (DSIR) to develop and commercialize the products with ClimaCon technology. Dhama's patented technology has won the prestigious Gold Medal at Lockheed Martin's Innovator's competition in 2008, first prize winner in the India Innovation Pioneer's Challenge, Champion of Champions category in 2008 and MIT USD 1K Business Plan Competition in 2005.

Dhama plans to use the funds raised to increase their sales and marketing capabilities worldwide and towards product innovation. The technology is of immense use to military personnel, outdoor / industry workers and sports enthusiasts.

Dhama is being promoted by Mr. Kranthi Kiran Vistakula. In the past Kranthi co-founded Intact Labs,enabler of next generation energy products, where he was the CTO. He also led a team as a Co-Principal Investigator for a NASA funded project for exploring the possibility of using proteins for electricity generation. He holds a Bachelor of Technology degree from the JNTU, Hyderabad and pursued postgraduate studies in Mechanical engineering at Massachusetts Institute of Technology (MIT), Boston.

Explaining Reliance Technology Ventures' investment, “Reliance has always been a pioneer in technology development.We believe Dhama's technology is a strong enabler of human body's thermal regulation, and its validation by MIT and Kranthi's winning MIT's Business Plan Competition. Dhama's product can be incorporated into any kind of apparel especially in defense and athletics toprovide heating and cooling on demand which would increase the work efficiency and comfort factor for its users”, says says Harshal J Shah, CEO of RTVL, also an

Must ReadView All

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search