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Sistema.bio secures $15 Mn to accelerate global expansion

EntrackrEntrackr · 10m 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.

VFlowTech raises $20.5 Mn led by Granite Asia

EntrackrEntrackr · 3m ago
VFlowTech raises $20.5 Mn led by Granite Asia
Medial

VFlowTech, a provider of vanadium redox flow battery (VRFB) systems, has raised $20.5 million led by Granite Asia. The round also saw participation from Antares Ventures, EDBI, MOL PLUS, PSA Ventures, and existing investors İnci Holding, UntroD Capital, Pappas Capital, Wavemaker Partners, SEEDS Capital, and Entrepreneurs First. The proceeds will be used to scale VFlowTech’s 100 MWh manufacturing plant in India to a Gigafactory and to deploy VRFB systems across microgrids, commercial and industrial energy users, and utility-scale projects. Founded in 2018 by Avishek Kumar, VFlowTech has deployed its VRFB systems in over 10 countries and is now in talks with Indian renewable energy developers to deploy up to 1 GWh of VRFB systems in the next few years. According to market research, India’s Ministry of New and Renewable Energy (MNRE) reported a 29.52 GW increase in renewable capacity in FY 2024-25, bringing total capacity to 220.10 GW. With a target of 500 GW of non-fossil fuel capacity by 2030, VFlowTech aims to contribute through long-duration energy storage and AI-integrated systems. The firm will also invest in developing an AI-driven cloud energy management platform to optimize energy use and provide grid ancillary services.

Amwoodo raises $1 Mn from Zerodha-backed Rainmatter

EntrackrEntrackr · 1y ago
Amwoodo raises $1 Mn from Zerodha-backed Rainmatter
Medial

Bamboo products maker Amwoodo has raised $1 million in funding from Zerodha-backed venture fund Rainmatter. The proceeds will be used for upgrading machinery and equipment, upskilling artisans and facilitating expansion initiatives. Founded in 2019, Amwoodo specialises in manufacturing bamboo items like combs, toothbrushes, razors, slippers, compostable sanitary bags, and towels. The company directly sources bamboo from around 400 farmers in the northeast and collaborates with about 380 artisans. The final refinement of products to meet export standards occurs in its factories located in Howrah, Kolkata. The platform operates in both business-to-business (B2B) and business-to-consumer (B2C) sectors, with major clients including hospitality chains like Taj Hotels and The Leela, and direct-to-consumer brands such as Himalaya, Man Company, Nat Habit, and Kimirica. The Kolkata-based firm claims to have achieved sales worth Rs 21.72 crore in the last financial year. For the ongoing financial year, the company aims to reach sales of approximately Rs 60 crore.

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