About Us
Our Mission & Vision
Sustana Cooling Partners is the first venture impact fund dedicated to investing in the cooling and cold chain companies that can tap explosive growth in developing markets.
Our Team
Jonathan Naimon
Managing Partner
Jonathan Naimon
Managing Partner
- Founder, Sustana Cooling Partners
- Sustainable investment pioneer active in institutional strategy development, product development renewable finance, corporate technology venture, structured finance, carbon markets and climate policy
- Designed new sustainability funds offered by UBS (Switzerland), Storebrand (Norway), and EFG (Sweden) with $1B+ in AUM today
- First Sustainability manager selected by a leading California pension fund
- Grew modest $50M allocation to $94M
- Invested into Tesla at $16
- Developed the third party PPA model for solar as SunEdison’s founding advisor
- Solar industry has since grown 1000x+ with institutional investor participation
- Identified electronics acquisition candidates for ABB corporate technology
- Managed ABB DOE technology demonstration partnership, EPA contracts
- Led startup environmental unit of investor research center IRRC (now part of MSCI)
- Managed IRRC partnership on corporate sustainability reporting with GEMI.org
- Managed refrigeration alternatives cost benefit analysis for EPA stratospheric ozone protection rule (under the Montreal Protocol)
- MSPH, University of North Carolina, Chapel Hill
- National Science Foundation (NSF) fellowship
- BS, Biology, Cognitive Science, MIT
- Visiting Professor, Carnegie Mellon, Norwegian School of Management (BI- Oslo)
- Board advisor, Stealth Asia Cooling Startup
Boian Spassov
Managing Director
Boian Spassov
Managing Director
- Founder & CEO of Locbit, an AI-enabled IOT platform
- Responsible for managing technical and sales teams at growing California-based software company
- Locbit optimization software enables real estate clients to reduce electric costs
- Locbit software supports real time data transport, digital twin display applications, and automated systems integration
- Mr. Spassov is one of the inventors of a common machine language (CML) that enables any machine (IOT, BMS, meta-data system) to talk to other machines in real time
- The National Renewable Energy Lab (NREL) and the California Energy Commission demonstrated substantial incremental savings at a California WalMart during operations
- Visibility across multiple systems enables fault detection on an automated basis
- Open ADR Certified, hardware agnostic
- Locbit software provides device level monitoring & verification of energy systems that is required to verify carbon impact
- Security and control functionality validated by strategic partners including Panasonic
- BS, Finance, San Diego State University
- Studied International Conflict Resolution at Oxford University
Rajan Rajendran
Corporate Technology Advisor
Rajan Rajendran
Corporate Technology Advisor
- 30+ years experience in R&D, product, regulatory and innovation roles with Emerson (a top 10 refrigeration company)
- Spearheaded development of the Emerson Helix innovation hub
- Cochair of Refrigeration, Air Conditioning and Heat Pumps Technical Options Committee (RTOC) and committee member, Technical and Economic Assessment Panel (TEAP), UNEP
- Ph.D., and MS, Mechanical Engineering, Iowa State University
- MBA, Wright State University, Ohio
- BS, Mechanical Engineering, University of Madras (India)
David Frost
Senior Diligence Advisor
David Frost
Senior Diligence Advisor
- Managed due diligence process for family office allocating energy sector profits into cleantech investments
- Managed renewable fund focused on operating wind, solar and hydro assets
- Led public partnership efforts for multiple renewable energy tech companies
- Led diligence activities for repowering hydropower projects with new turbines
- Managed on-campus energy technology demonstrations for Stanford University
- MBA, Harvard Business School
- MSc, Stanford School of Environmental Engineering
- BA Columbia University, Political Science
Aidan Stretch
Senior Asia Advisor
Aidan Stretch
Senior Asia Advisor
- Senior executive with investment banking, private equity, cleantech and IFC experience.
- Wide network from 20+ years conducting business in all major Asian markets
- Operating executive at Full Cycle, a climate focus private equity fund
- Co-founder and board member, Syngenera, an Asian natural capital asset manager
- Co-founder, Synova, a circular economy company focused on plastics, biomass
- Development Bank Advisor, IFC (India)
- Former board member, Novo Tellus, technology focus private equity (Singapore)
- Architect for pioneering CFC free warehouse for Patagonia
- Resident in Bangkok
- University of Washington, MBA
- University of Oregon, Architecture, MS
- University of Liverpool, Architecture, Honors
Juan Emilio Cano Reveles
CEO, Norcantabric
Juan Emilio Cano Reveles
CEO, Norcantabric
- Norcantabric is a land-based recycled water aquaculture company based in Spain
- Norcantabric represents the next generation of aquaculture, preventing feeding pen effluent and genetic pollution of wild animals with a closed loop terrestrial system
- Norcantabric has won multiple awards in Spain
- Mr. Cano cofounded an electronics recycling company in Mexico, building on his role as the exclusive licensee of Norwegian circular economy company Tomra.
- Emilio previously headed DSE, a sustainable business and investment advisory firm with public and private sector clients in multiple industries.
- Mr. Cano co-founded Ecobanca.org, a not-for-profit bank focused on financing environmental community organizations in Mexico.
- Doctor Honoris Causa, Desarollo Organizational Sostenible, Universidad Nacional Autonoma de Mexico
- BA, Urban and Environmental policy, Tufts University
Bas Hetterscheid
Wageningen University Research (WUR) partnerships manager
Bas Hetterscheid
Wageningen University Research (WUR) partnerships manager
- Lead global multi-stakeholder partnerships for European food research organization
- Subject matter expert on agricultural supply chain and climate issues.
- Managed dozens of cold chain projects for private sector, development banks and governments.
- Previously managed an energy sector logistics partnership with Peterson
- Partnership focus was North Sea energy companies.
- Executive master in supply chain & operations, TIAS School for Business and Society
- Bachelor, Logistics & Economics, Windesheim (Netherlands)
Bharat Jaisinghani
Executive Director, PolyCab Limited
Bharat Jaisinghani
Executive Director, PolyCab Limited
- Polycab is the largest electrical cables and wire company in India with ~$13B market cap
- Core Team Member, Young Volunteer’s Organization (YVO)
- Investor in various sustainability businesses. Prime focus is servitization business models like cooling as a service.
- Harvard Business School (Executive Education Leadership Program)
- Singularity University (Executive Program, Technology)
- University of Manchester, MSc, Operations Engineering