Shastra VC (formerly Veda VC) and a group of angel investors led a pre-seed funding round in which climate tech platform Alt Carbon raised $550K.
The capital received will be put towards putting together an elite group of Indian researchers in geochemistry, geologists, and geospatial experts, as reported by yourstory.com.
They collaborate with nearby farming communities, providing them with work-related support and empowerment. They help people make a difference and businesses achieve net zero goals by offering accurate carbon credits. Their lofty objective is to eliminate 5 million metric tonnes of CO2 by 2030, with the ultimate goal of attaining one billion tonnes – permanently.
Additionally, Alt Carbon intends to carry out a pilot operation in the first part of 2024 to produce long-lasting, superior removal of carbon credits. Its goal is to penetrate the market for voluntary carbon offsets.
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About Alt Carbon
Alt Carbon is a climate action company whose goal is to remove enormous volumes of CO2 from the environment. Their well-designed elimination method quickly and permanently locks carbon away. They guarantee the safety of their procedures and the precise measurement of the carbon we remove, together with the co-benefits to soil health, through thorough study.
Shrey Agarwal, a BITS Pilani alumnus, founded Alt Carbon, a company that specialises in sustainable carbon capture and storage solutions adapted to the region and Indian terrain.