Neo San, a startup specializing in clean technology, has successfully raised $1.5 million in a seed fundraising round, resulting in a post-money valuation of $7.2 million.
The participants in this funding round include of Ashish Kacholia, professional golfer Anirban Lahiri, Aaradhana Jhunjhunwala, Aman Poddar, Adithya Mathews, professional golfer S. Chikkarangappa, Apurva Damani, Mammen Kurien, Sandeep Telang, Vanshay Goenka, and Siddhi M.
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The company tackles the issue of hazardous waste management through the use of its own technologies, including Neo-X, a decentralized trash incinerator that uses clean energy to directly treat garbage at its origin.
Neo San is a clean-technology business that focuses on developing solutions for waste management, carbon reduction, and energy efficiency.
Dhwaj Bagrecha, Co-Founder, Neo San, said: “We will use this round of funding to scale our technologies across India and to enable larger systems to support the country’s waste-handling needs. Currently, we’re building decentralized networks of people and machines that will allow our growing cities to better manage waste locally and efficiently, reducing the overall emissions from this process by over 90% compared with the current scenario,”
About Neo San
Founded in 2018 by Dhwaj Bagrecha, Clean-technology company working towards solutions in waste management, carbon reduction and energy efficiency. Currently implementing the ‘Neo-X’, a smart Incinerator that deals with rejecting (non-recyclable) waste efficiently; at source, using highly efficient combustion.
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