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Carnot Fleet
500 Global '24Founded 2021 · 14 employees on LinkedIn · 1 known investors
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Carnot Fleet is a Singapore-based developer of logistics technology focused on refrigerated transport. Its systems are designed to support temperature-controlled shipping across a range of vehicle and mobility types, serving companies that move perishable or cold-chain goods.
Also known as Carnot Fleet Pte Ltd · CARNOT FLEET PTE. LTD. · Carnotfleet
Founders & leadership
Carnot Fleet was founded in 2021 by Arvind Chandaka.
Investors · 1
How we know: open dataset · Top 3000 Accelerator Startups (no YC) 2026-08 · open dataset · 500 Global portfolio 2026-08 · Not right? Tell us
Company profile
researched Sep 2026Carnot Fleet (Carnot Fleet Pte Ltd) is a Singapore-based cold-chain technology company that builds modular, plug-and-play hardware and accompanying software to convert existing non-refrigerated vehicles, assets and storage spaces into temperature-controlled units. Its products consist of adjustable insulation panels integrated with a proprietary solid-state thermoelectric heat pump covering frozen, chilled and ambient temperature ranges, and are offered in several form factors (CF1-1, CF1-2, CF2-2). The company states that units are pre-assembled, require no vehicle modification, use independent power supplies and can be installed in under 30 minutes.
The hardware is cloud-connected and managed by what the company calls the ATCS (Adaptive Thermal Control System), a patented, AI-based control layer that performs autonomous control, optimisation and monitoring at 10-second monitoring intervals, with humidity control, alerts, notifications and preventive features. A mobile application, web portal and API services provide visibility into shipment and asset integrity, with the stated aim of reducing reliance on manual labour and human error in the first and middle mile. The company positions the offering as free of refrigerants, compressors and evaporators, and frames lower refrigeration-related emissions and reduced perishable-goods loss as sustainability benefits.
Carnot Fleet targets road, two-wheeler, drone, autonomous-vehicle, robotic and warehouse assets, and addresses fleet managers and owners, supply-chain managers, solutions providers, and buyers, sellers and distributors of temperature-sensitive goods such as food and pharmaceuticals.
Founding story
Arvind Chandaka is co-founder and co-CEO of Carnot Fleet.
Business model
Carnot Fleet supplies cold-chain hardware that is sold or leased to customers, together with licensed software applications, a portal and API services governed by its own terms of service. Its website advertises no up-front costs and no installation fees, with customers instead paying a capped monthly fee that covers power, maintenance and after-sales service, plus 30% revenue sharing on API requests and calls. The company claims this reduces cold-chain operating expenditure by 68.75% relative to conventional transport refrigeration units.
Recurring capped monthly fees for hardware and service with zero up-front cost, supplemented by revenue sharing on API usage; hardware may also be sold outright or leased.
Traction
Reported to have launched its first revenue-generating product line a little over a year after incorporation and to have secured a contract worth USD 2.4 million with a small team. The company is reported to own 13 patents on its thermoelectric heat pump, to operate in seven regions, and to be conducting international pilots with large logistics and mobility companies in the Philippines, Hong Kong, Thailand and Indonesia. Team size is reported at 6–20 employees; registry-derived data lists 21 officers and annual revenue below USD 1 million.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
Positions itself as an alternative to conventional transport refrigeration units and temperature-controlled vehicles, emphasising instant deployment without asset modification, lower operating cost and regulatory compliance. It is described as a member of the Unreasonable Group venture network in the Food & Water category.
No vehicle or asset modification required, installation in under 30 minutes, refrigerant-free solid-state thermoelectric cooling, a patented AI-based adaptive thermal control system, and a zero-up-front-cost commercial model; the company claims the most affordable cold-chain implementation products available and a 68.75% reduction in cold-chain operating expenditure.
Technology
Modular, adjustable insulation panels combined with a proprietary solid-state thermoelectric heat pump that operates without refrigerants, compressors or evaporators, supporting frozen, chilled and ambient ranges. Control is provided by the patented ATCS (Adaptive Thermal Control System), an AI-based, cloud-connected system that autonomously controls, optimises and monitors units at 10-second intervals and aggregates data centrally for analysis. Customer-facing software includes a mobile application, a portal and API services. The company is reported to hold 13 patents relating to its thermoelectric heat pump.
Go-to-market
Direct enterprise engagement through website contact forms and virtual product demonstrations, pilots with large logistics and mobility operators across Asian markets, and partnerships with solutions providers who integrate Carnot Fleet data and services via APIs.
Fleet managers and fleet owners, supply-chain managers, logistics and mobility operators, solutions providers, and buyers, sellers and distributors of perishable or temperature-sensitive goods including food and pharmaceuticals. Asset types addressed include automobiles, motorcycles, drones, autonomous vehicles, robots and warehouses.
Geography
Headquartered at 160 Robinson Road, #14-04, Singapore Business Federation Center, Singapore 068914. The company is reported to operate in seven regions and to be running international pilots with large logistics and mobility players in the Philippines, Hong Kong, Thailand and Indonesia.
History
Carnot Fleet Pte Ltd was incorporated in Singapore on 26 March 2021 as a private limited company (UEN 202110724C), registered under the software and applications development activity classification. Its website terms of use and privacy policy were last updated in July 2022. A revenue-generating product line was launched a little over a year after incorporation, after which the company expanded into international pilots across Southeast Asia and Hong Kong.
Risks & controversies
Registry-sourced data indicates annual revenue below USD 1 million and low assessed spending power, and notes a shareholding structure with corporate shareholders or more than 20 individual shareholders. Performance claims such as a 68.75% reduction in cold-chain operating expenditure and the elimination of 11% of human-error losses are company statements that are not independently verified in the available material.
Compiled by commissioned research from 7 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 3
launches, deals, and filingsConducting international pilots with large logistics and mobility players in the Philippines, Hong Kong, Thailand and Indonesia; reported to be operating in seven regions.
The company launched its first revenue-generating product line a little over a year after incorporating, and landed a contract worth USD 2.4 million.
$2.4M source ↗
Carnot Fleet Pte Ltd was incorporated in Singapore as a private limited company with registration number 202110724C, registered address 160 Robinson Road, #14-04, Singapore Business Federation Center, Singapore 068914.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 7
primary sources listed
- Carnot Fleetcarnotfleet.com · web
7 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Carnot Fleet do?
- Singapore company making plug-and-play thermoelectric cold-chain units that convert non-refrigerated vehicles into temperature-controlled assets.
- Who founded Carnot Fleet?
- Carnot Fleet was founded by Arvind Chandaka in 2021.
- Who are Carnot Fleet's investors?
- Carnot Fleet's investors include 500 Global.