Alan S. Miller
The CoolPact Capital Story
Our journey began with a vision to revolutionize cooling solutions in emerging markets, built on decades of expertise and a serendipitous meeting that would shape our work.
John Paul Moscarella
Joyita Mukherjee
At the heart of our story is Alan Miller, known as the “cooling guru” among his peers. For over 40 years, Alan has been at the forefront of climate and environmental innovation, beginning with his work on minimum efficiency performance standards in the U.S. market during the 1980s. His career has spanned academia and several leading environmental organizations, including the World Resources Institute, Natural Resources Defense Council, and Environmental Law Institute. Alan’s focus expanded to emerging markets and climate finance through key roles at the Global Environment Facility, World Bank, and International Finance Corporation (IFC).
The foundations of our fund were built through sustained professional relationships. Alan and John Paul (JP) Moscarella have collaborated on various projects since the 1990s, while Alan and Joyita Mukherjee worked together at the IFC supporting climate change investments, including blended finance transactions.
Then came what we like to call
“The Great Seat Mix-up of 2023” during
New York Climate Week.
Simmi Sareen
Shravan Shankar
At a Climate Policy Initiative (CPI) Lab event, Alan and JP found themselves seated next to Simmi Sareen, our Indian partner – proving that sometimes the best partnerships start with being in the wrong place at the right time. This serendipitous encounter revealed their shared vision: creating a specialized fund focusing on early-stage cooling solutions for India. Within months, they formalized their partnership with Simmi and and her partner Shravan Shankar at Climake and memorialized as an MOU.
In 2024, the team added Joyita as a co-founder, and then developed and refined an India-focused cooling fund initiative supporting early-stage and growth SMEs. The initiative, then called Sustana India Cooling Fund, gained recognition when CPI’s “The Lab” (see below) endorsed us as one of ten innovative climate finance instruments at NYC Climate Week 2024, validating our approach to addressing climate challenges.
The rebranding to CoolPact Capital in late 2024 marked the beginning of a new chapter, after the collaborative spin out from the global Sustana Sustana Cooling Partners, LLC. effort earlier in the year. Our team, split between the USA and India, combines deep expertise in climate finance, emerging markets, and market development.
At a Climate Policy Initiative (CPI) Lab event, Alan and JP found themselves seated next to Simmi Sareen, our Indian partner – proving that sometimes the best partnerships start with being in the wrong place at the right time. This serendipitous encounter revealed their shared vision: creating a specialized fund focusing on early-stage cooling solutions for India. Within months, they formalized a partnership with Simmi and Climake's Shravan Shankar as CoolPact Capital pipeline partners.
In 2024, the team added Joyita as a co-founder, and then developed and refined an India-focused cooling fund initiative supporting early-stage and growth SMEs. The initiative, then called Sustana India Cooling Fund, gained recognition when CPI’s “The Lab” (see below) endorsed us as one of ten innovative climate finance instruments at NYC Climate Week 2024, validating our approach to addressing climate challenges.
The rebranding to CoolPact Capital in late 2024 marked the beginning of a new chapter, after the collaborative spin out from the Sustana Cooling Partners, LLC global cooling effort, earlier in the year. Our team, split between the USA and India, combines deep expertise in climate finance, emerging markets, and market development.
This mix of local and international partnerships positions us uniquely to bring sustainable cooling solutions to scale where they’re needed most.
About Team Members
Endorsed By:
The Lab, formally the Global Innovation Lab for Climate Finance, identifies, develops, and launches innovative finance instruments that can drive private investment to action on climate change and sustainable development. In its 10-year history, the Lab has launched 78 solutions that have mobilized over USD 4 billion to address climate change.
Read more about this on The Lab’s website:
https://www.climatefinancelab.org/ideas/coolpact-capital-india-fund/