Carbon Masters raises equity funding led by Schneider Electric

Climate-tech innovator Carbon Masters has raised an undisclosed amount in fresh equity funding round led by Schneider Electric Energy Access Asia (SEEAA), Sangam Ventures, and IAN Group.

The round also saw participation from Muthu Murugappan (CEO of the Murugappa Group) and Sriram Sankaran (Synchron Group).

The funds will be used to boost Carbonlite’s CBG production, grow its organic fertiliser range, enhance operational efficiency, and strengthen sales, marketing, and R&D teams.

Read also- OnFinance AI raises $4.2 Mn in Pre-Series A round

“We are proud to support Carbon Masters in its mission to decarbonize critical sectors of the Indian economy. Investing in scalable clean energy infrastructure and sustainable agriculture solutions is vital to building a resilient and inclusive low-carbon future.”, Gilles Vermot Desroches, SVP, Corporate Citizenship, Schneider Electric & President, SEEAA.

“Carbon Masters’ innovative circular economy business model aligns with our vision of financing deep decarbonization pathways. The company’s potential to displace fossil fuels while improving soil health makes it a compelling climate-tech investment, ” said, Karthik Chandrasekar, CEO of Sangam Ventures.

“IAN has topped up its investment in Carbon Masters. This is a strong endorsement of the team’s execution and their ability to keep evolving. Carbon Masters reflects IAN’s thesis of solving real problems through innovation.”, Padmaja Ruparel, Co-founder of IAN Group.

“We are grateful for the continued trust of our investors, which reflects confidence in our business and growth plans. This investment will help us further strengthen operations and scale sustainably, as we continue to support India’s transition to a low-carbon future and help our customers meet their net zero goals.” Som Narayan, CEO & Co-founder, Carbon Masters.

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About Carbon Masters

Co-founded by Som Narayan and Kevin Houston, Carbon Masters transforms organic waste destined for landfills into renewable biomethane and nutrient-rich organic manure under its Carbonlites brand. The company partners with waste management firms through SPVs and JVs.

Its flagship JV with Hasiru Dala Innovations operates one of Bengaluru’s few authorised wet waste facilities, with GAIL-approved pipeline injection to supply biomethane to India’s gas grid.

Carbon Masters produces Compressed Bio-Methane Gas (CBG) and bio-enriched manure for commercial kitchens, industries, transport fleets, and city gas networks, while enhancing soil health.

With five CBG plants across Karnataka, Telangana, and Tamil Nadu, the company processes over 36,000 tonnes of municipal waste annually. Carbon Masters is preparing a new equity raise to fund five upcoming SPVs, with Ostara Advisors as transaction advisor.

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