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Climate-tech startup Newtral raises $600K from NOW Accelerate

Entrackr

Entrackr · 2h ago

Climate-tech startup Newtral raises $600K from NOW Accelerate

Climate-tech startup Newtral raises $600K from NOW Accelerate Climate-tech startup Newtral has raised $600K from NOW under its Accelerate model. NOW is a deeptech and deep science venture studio focused on sustainability and climate-tech. Newtral.io had previously raised $80K (Rs 0.64 crore) in a pre-seed funding round back in July 2023 led by startup accelerator PedalStart. The fresh funds will be utilized to scale and execute the GTM plan in key global markets and scale recurring revenue, Newtral said in a press release. Co-founded in 2022 by Avi Chudasama, Vinod Sonagara, and Anuraag Paul, Newtral.io provides enterprise sustainability software, empowering them to achieve net zero emissions. It also enables businesses to track and mitigate their carbon emissions while implementing sustainable practices. By leveraging its platform, enterprises can effectively measure their carbon emissions, identify areas for emissions reduction, create custom dashboards, and adopt sustainable practices. The Bengaluru-based startup enables organizations to move beyond compliance and achieve measurable climate impact. By integrating reporting, insights, and action into one platform, it aims to build a scalable global solution to help businesses transition toward a low-carbon future. Newtral claims that it is trusted by over 100 companies, including Wockhardt, Meghalaya Industrial Development Corporation (MIDC), and Metro Brands Limited, across pharma, real estate, and retail.

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Venture Studio NOW Earmarks $2 Mn To Scale Up Indian Deeptech-Led Climate Tech Startups

Inc42 · 1y ago

Venture Studio NOW Earmarks $2 Mn To Scale Up Indian Deeptech-Led Climate Tech Startups

India's first climate tech venture studio, NOW, has launched with a dedicated $2 million fund to invest in early-stage deep tech startups. The studio aims to invest in and co-build three to four sustainability and climate tech startups over the next 12-18 months, providing mentorship, funding, guidance on product-market fit, partnerships for prototype validation, and access to experts. NOW will focus on sectors such as energy, electric vehicles, agriculture, and low carbon materials, with investments ranging from $250,000 to $500,000 per startup. The climate tech market in India and Southeast Asia is projected to reach $350 billion by 2030.

Sprih raises $3 Mn in seed round led by Leo Capital

Entrackr

Entrackr · 1y ago

Sprih raises $3 Mn in seed round led by Leo Capital

Climate tech startup Sprih has raised $3 million in its seed round led by Leo Capital, with participation from a few individual entrepreneurs and climate experts. The proceeds will be used for sales and marketing activities to support the global expansion efforts, the startup said in a press release. Additionally, it will also deploy funds towards acquiring talent for the creation of AI models centred on climate, and broadening its partner ecosystem, the company added, Founded in 2022 by Akash Keshav, Ravi Singhal, Rohit Toshniwal, and Hemant Joshi, Sprih is a climate technology platform which assists companies in streamlining their path towards sustainability. Sprih works with public-listed and private companies across sectors such as manufacturing, construction, chemical, paint, pharma, IT, and higher education. Some of its customers are Indigo Paints, Hero Motors, Arvind SmartSpaces, Espi Industries, and InfoBeans.

Climate tech startup GreenStitch raises $1.2 million from Equirus InnovateX Fund, others

Economic Times

Economic Times · 8m ago

Climate tech startup GreenStitch raises $1.2 million from Equirus InnovateX Fund, others

Climate tech startup GreenStitch has secured $1.2 million in funding led by Equirus InnovateX Fund, with support from Ivycap Ventures, Warmup Ventures, Zeca Ventures, and angel investors. The funds will enhance team expansion and product development. GreenStitch helps fashion and textile industries comply with emerging climate regulations by streamlining supply chain data and employing AI for decarbonization and predictive modeling. Currently, it serves over 20 customers across six countries, aiming to expand its client base significantly.

Climatetech startup Aurassure raises Rs 4 crore in a seed round led by Unicorn India Ventures

IndianStartupNews

IndianStartupNews · 2y ago

Climatetech startup Aurassure raises Rs 4 crore in a seed round led by Unicorn India Ventures

Bhubaneswar-based climate tech startup Aurassure has raised Rs 4 crore in a seed funding round led by Unicorn India Ventures. The funds will be used to enhance their product capabilities, develop a data analytics team, and expand the sales team to increase their presence in multiple Indian cities. Aurassure utilizes IoT-enabled systems to collect and analyze real-time data, providing accurate forecasts and updates on weather patterns and pollution levels. The startup aims to secure product certifications for international scaling and broaden its impact in the climate tech sector.

Open Cosmos Raises $50M to Democratize Access to Sustainable Satellites

Robots · 2y ago

Open Cosmos Raises $50M to Democratize Access to Sustainable Satellites

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Sprih helping businesses streamline their journey towards sustainability raises $3 million

IndianStartupNews

IndianStartupNews · 1y ago

Sprih helping businesses streamline their journey towards sustainability raises $3 million

Climate tech startup Sprih has secured $3 million in a seed funding round led by Leo Capital, aiming to enhance sales and marketing efforts and expand globally. The Indian startup, which offers an AI-powered platform to help businesses achieve sustainability goals, plans to invest in talent acquisition and develop AI models that address climate issues. With a diverse portfolio of clients spanning industries such as manufacturing, construction, and IT, Sprih also aims to establish a presence in the USA, Europe, and other key markets. The company has research partnerships with leading institutions including IIT Kanpur and IIT Bombay.

HSBC partners with Google to hit $1 billion climate tech finance goal

Economic Times

Economic Times · 1y ago

HSBC partners with Google to hit $1 billion climate tech finance goal

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Climate tech startup Chakr Innovation raised $2.2 million in funding from EXIM Bank

Startup News FYI

Startup News FYI · 2y ago

Climate tech startup Chakr Innovation raised $2.2 million in funding from EXIM Bank

Climate tech startup Chakr Innovation raised $2.2 million in funding from the Export-Import Bank of India (EXIM Bank). The funds were allocated under EXIM Bank's Ubharte Sitare Programme (USP), as reported.

Chip startup SiMa raises $70 million to quicken AI on cars and robots

Economic Times

Economic Times · 1y ago

Chip startup SiMa raises $70 million to quicken AI on cars and robots

Silicon Valley chip startup SiMa.ai has raised $70 million in funding from investors including Maverick Capital, Point72, and Jericho. The company aims to develop chips specifically designed to accelerate AI applications in consumer devices such as cameras and cars. SiMa.ai's processors aid in understanding and interpreting visual and auditory data, converting it into text, speech, or video content. The startup primarily focuses on inference rather than AI training, with its first chip already attracting over 50 customers. SiMa.ai is now working on a second-generation chip, which is expected to be released in Q1 2022.

Elon Musk's AI startup xAI raises $6 billion in latest funding round

Economic Times

Economic Times · 9m ago

Elon Musk's AI startup xAI raises $6 billion in latest funding round

Elon Musk's AI startup xAI has raised $6 billion in its latest funding round. The company, known for its Grok chatbot, attracted investments from venture capitalists, chipmakers NVIDIA and AMD, and investment funds from Saudi Arabia and Qatar. Despite Musk's warnings about the risks of AI, xAI continues to seek investment in the sector. The company now has an estimated valuation of $50 billion, although it is still overshadowed by competitor OpenAI's $157 billion valuation. xAI plans to use the funding to develop groundbreaking products and accelerate research in future technologies.

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