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Sistema.bio secures $15 Mn to accelerate global expansion

EntrackrEntrackr · 9m ago
Sistema.bio secures $15 Mn to accelerate global expansion
Medial

Sistema.bio, a biogas-tech company, has successfully raised $15 million in a funding round led by ElectriFI, managed by EDFI Management Company. Existing investors, including Chroma Impact Investment, KawiSafi Ventures, AXA IM Alts, and others, also participated in this round. The funds will be used to scale operations, enhance technology, and improve customer service. Founded in 2010, Sistema.bio manufactures advanced digesters that enable farmers to convert waste into renewable energy and organic fertilizer. The company focuses on carbon mitigation and climate change adaptation, using IoT-supported Measurement, Reporting, and Verification (MRV) programs. Their technology transforms animal waste into clean biogas for cooking and electricity, while producing nutrient-rich biofertilizer. Operating across three continents, Sistema.bio has impacted over 100,000 farms and more than 600,000 people, reducing CO2 emissions by over 1 million tons annually. With more than 100,000 biogas units installed in over 35 countries, Sistema.bio is recognized as a leader in integrated renewable energy and agricultural technology for small-scale agriculture.

UrjaMobility secures $12 Mn in pre-Series A funding

EntrackrEntrackr · 10m ago
UrjaMobility secures $12 Mn in pre-Series A funding
Medial

UrjaMobility, a startup specializing in battery leasing for commercial electric vehicles (EVs), has raised Rs 100 crore ($12 million) in its pre-Series A funding round, which includes both debt and equity financing. The round was co-led by Mufin Green Finance and Hindon Mercantil. The new funds will be used to expand UrjaMobility’s solutions in energy consumption and supply chain management, focus on the e-mobility sector, scale operations, and enhance its unique pay-per-use leasing model, according to a press release. Founded in 2022 by Pankaj Chopra, UrjaMobility offers battery leasing options for various commercial EV categories, including L3 and L5 vehicles, as well as electric L2s powered by lithium-ion batteries. The company aims to transform the upfront costs of battery energy into a manageable Monthly Lease Value (MLV). UrjaMobility has introduced a unique pay-per-use leasing model that allows customers to lease batteries based on kilometers driven, providing greater flexibility by converting traditional capital expenditures (CapEx) into smart operational expenditures (OpEx). This innovative approach offers end-users a cost-effective and hassle-free solution for adopting electric mobility. In its first month of operations, UrjaMobility claims to have delivered 150 kWh of energy per day through its Energy-as-a-Service (EaaS) model. The company has since expanded its capabilities and now provides 45 MWh of energy daily. Looking ahead, UrjaMobility aims to raise an additional Rs 250 crore in the first quarter of 2025 to further strengthen its retail network and meet the increasing demand for e-mobility solutions across the country.

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