Portfolio
Thermistance Technologies
Passive cooling systems for high-performance electronics and industrial equipment.
Sector
Thermal Tech
Fund
Fund I
Invested at
Seed Stage
Status
Scaling from product validation to commercial deployment.
Every watt of compute becomes a watt of heat.
Thermistance Technologies designs, develops and manufactures advanced passive thermal-management solutions for industrial and commercial applications. The company focuses on moving heat away from critical components efficiently and reliably, without the energy use, noise or maintenance burden associated with active cooling systems.
Its technology is particularly relevant as power density rises in electronics, EV systems, satellites, computing hardware and industrial equipment. Thermistance develops and integrates passive thermal IP into customer products through heat pipes, thermosyphons, vapour chambers and loop heat pipes.
The company provides end-to-end development—from thermal design to embedded product integration—enabling OEMs to manage heat within compact, high-performance systems where conventional cooling approaches may be insufficient or impractical.
The teamThe Thermistance team 
What they buildA Thermistance heat-pipe assembly 
What they buildLoop heat pipes
Why we invested
Power density is rising faster than cooling.
As electronics, EV systems, satellites and computing hardware pack more power into less space, active cooling runs out of room. Passive thermal IP — heat pipes, thermosyphons, vapour chambers — is what lets those products keep shrinking.
- ELECTRIC VEHICLES
- SATELLITES
- DATA CENTRES
- CONSUMER ELECTRONICS
- INDUSTRIAL EQUIPMENT
Thermistance is building for that world.
Company snapshot
Category
Thermal Management / Advanced Manufacturing
Founders
- Bhimashankar Wangaskar Co-Founder & CEO
- Dhananjay Kishor Gavas Co-Founder & COO
Technology highlights
- Passive thermal-management systems
- Heat pipes, thermosyphons and vapour chambers
- Miniaturised loop heat-pipe technology
- Solutions for EVs, satellites, electronics, gaming and high-performance computing
- End-to-end product development and OEM integration
8X View
Hard environments create hard companies.
We back founders building technology where the barrier is not just software speed, but engineering depth, technical resilience and real-world deployment.
Thermistance reflects that thesis.