The performance of voltage controlled oscillator (VCO) is of great importance for any telecommunication or data transmission network. Here, voltage controlled oscillators (VCOs) using three-transistor NAND gates have been designed. New delay cell with three-transistor NAND gate has been used for designing the ring based VCO circuits. Three-, five-, and seven-stage VCOs have been proposed. Output frequency has been controlled with supply voltage variation from 1.8 V to 2.4 V. Three stage VCO shows output frequency variation in the range of 3.2909 GHz to 4.2280 GHz whereas power consumption varies in the range of 335.4071 W to 486.1816 W. Five-stage VCO depicts frequency in the range of 1.9406 GHz to 2.5769 GHz with power consumption variation from 559.0118 W to 810.3027 W. Moreover a seven-stage VCO shows frequency variation from 1.3984 GHz to 1.8077 GHz. Power consumption of seven-stage VCO varies from 782.6165 W to 1134.400 W. Phase noise results for these VCOs have also been obtained. Power consumption, output frequency, and phase noise results of proposed circuits have been compared with earlier reported circuits, and the proposed circuits show significant improvements.