Sustainiam has raised $1.45 Million in Maiden Funding

Orios Venture Partners led the first investment round for climate tech startup Sustainiam, which raised $1.45 million (about Rs 12.14 crore). Indian actress Shilpa Shetty Kundra, Rajesh Sawhney, Harsh Vardhan Bhagchandka, and Vinit Bhansali also participated.

According to Sustainiam's press statement, the money will be used to hire more people, grow its business internationally, and introduce a digital, tech-driven platform for trading environmental assets.

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Pranav Burnwal and Sapna Nijhawan co-founded Sustainiam in 2023, offering corporate emissions reporting-to-redemption solutions. Through the site, users can find and buy carbon credits with real-time settlement.

In addition, it offers climate funding and API. The platform provides organizations with tech-enabled carbon footprint control solutions. In addition to traditional carbon certificates, it enables businesses to issue and exchange international renewable energy certificates. 

In January, the Noida-based startup expects to launch its exchange and registration platform, and it has already released its first product that focuses on carbon emissions. Globally, the platform claims to service customers in the US, Europe, China, Canada, the Middle East, and Singapore.

Sustainiam wants to provide a digital front end for the registration process, which will make project paperwork and carbon asset submissions entirely digital. With a single digital platform, this will give beneficiaries of these carbon assets a more efficient approach to create marketable assets and record paperwork.

More than 140 customers, including Coca-Cola, ITC, Unilever, Brookfield, and H&M, are reportedly served by Sustainiam. With a revenue objective of Rs 70 crore by 2025, it is now trading over 600 million kWh in carbon assets.

About Sustainiam

Sustainiam is a climate tech startup that helps businesses reduce their carbon footprint and move towards a low-carbon economy. The company envisions a world where sustainability is a part of everyday life.

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