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.
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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.
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