Alt Carbon, an Indian climate action startup, has successfully raised $550,000 in a pre-seed funding round, led by Shastra VC (formerly Veda VC) and a group of strategic angel investors. This capital injection will fuel the assembly of a high-calibre team, including geologists, geochemists, and geospatial scientists based in India. The primary objective is to deploy this talent in an upcoming pilot project in early 2024, focusing on the development of robust carbon removal credits tailored for the voluntary carbon offset market.
Alt Carbon, an Overview:
Founded by BITS Pilani graduate Shrey Agarwal, Alt Carbon strategically aims to harness its expertise in scalable carbon sequestration solutions, specifically designed for India's unique geography and local conditions. The startup's emphasis on the Indian context aligns seamlessly with the country's increasing commitment to sustainable development and environmental stewardship.
The funding, spearheaded by Shastra VC and reinforced by strategic angel investors, underscores the escalating interest in climate-focused startups tackling the urgent challenges of carbon emissions and climate change. Alt Carbon's distinctive approach and unwavering commitment to delivering impactful solutions have captured the attention of investors keen on supporting initiatives with substantial environmental and social influence.
Shastra VC logo
Future Plans:
Empowered by this funding, Alt Carbon is well-poised to propel its mission of spearheading meaningful climate action through innovative carbon sequestration strategies tailored specifically to India's environmental landscape. The company's dedication is further emphasized by its focus on building a top-tier team and executing a pilot project, highlighting a commitment to tangible results in the fight against climate change.
Shrey Agarwal, Founder and CEO
Conclusion:
In conclusion, Alt Carbon's successful funding round positions it as a formidable player in the climate action space. With a solid foundation and a commitment to addressing environmental challenges, Alt Carbon is set to make a lasting impact on India's journey towards sustainable development.
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