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Deeptech startup ALT CARBON raises $12 Mn in seed round

EntrackrEntrackr · 1m ago
Deeptech startup ALT CARBON raises $12 Mn in seed round
Medial

Deeptech startup ALT CARBON has raised $12 million (about Rs 102.8 crore) in a seed funding round led by Lachy Groom along with participation from Shastra VC and other angel investors such as Jason Zhao, Amrendra Singh, Tanmay Bhat, Arjun Soin, Nakuul Mehta, Arjun Ramani, Advaith Vishwanath, and Rahul Seth. The fresh funds will be allocated towards building new projects which enable carbon dioxide removal (CDR) across South Asia and spending on research and development. Founded by Shrey and Sparsh Agarwal in 2023, ALT CARBON helps farmers and scientists in utilizing dormant lands as carbon removal sinks. It aims to leverage technologies like Enhanced Rock Weathering in making South Asia a hub for CDR. With this round, the Bengaluru-based startup plans to improve its science, conduct advanced R&D, collect high-quality data, and create Machine Learning models that accelerate its operations. Its flagship project, the Darjeeling Revival Project (DRP), aims to revive degraded soils, restore livelihoods, and rebuild ecosystems in Darjeeling, India. ALT CARBON aims to remove 5 million metric tons of CO2 by 2030 and become a leader in CDR in South Asia. The startup collaborates with local agricultural communities and organizations like Frontier and Shopify. ERW not only removes CO2 but also improves soil health, potentially boosting crop yields and supporting local livelihoods.

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EV startup ALT Mobility raises $10 Mn in Series A

EntrackrEntrackr · 7m ago
EV startup ALT Mobility raises $10 Mn in Series A
Medial

Commercial electric vehicle (EV) leasing and asset management company ALT Mobility has secured $10 million in a Series A funding round led by European venture capital firm Eurazeo. The round also witnessed participation from its existing investors Shell Ventures, Twynam Earth Fund, and EV2 Ventures. The Delhi-based company had previously raised $6.45 million from its existing investors. The proceeds will be allocated towards expanding its digital asset management platform, standardizing its battery technology, expanding its fleet to 30,000 vehicles by March 2026, and managing Rs 800 crore in assets under management (AUM) over the next 18 months, ALT Mobility said in a press release. Co-founded in 2021 by Dev Arora, Anuj Gupta, Harsh Dev Goyal, Jay Gupta, and Manas D Arora, ALT Mobility is a full-stack EV leasing platform offering mobility as a service (MaaS) for commercial vehicle users. It simplifies financing and provides reliable technology that supports the transition of intra-city logistics to electric mobility, reducing carbon footprints and improving profitability. ALT Mobility claims to have a fleet of 10,000 vehicles across 20 Indian cities leased to fleet operators and drivers. The company offers a comprehensive solution, including leasing, servicing, charging, real-time fleet monitoring, and data-driven insights to ensure low total cost of ownership and maximum fleet uptime. ALT Mobility plans to expand its offerings to the driver-cum-owner segment, introducing innovative 'drive-to-own' options and leasing products for four-wheeler light commercial vehicles and cars. It also aims to roll out a Battery-as-a-Service (BaaS) model for second-life vehicles.

AuraML raises $1 Mn in pre-seed round led by Turbostart

EntrackrEntrackr · 12d ago
AuraML raises $1 Mn in pre-seed round led by Turbostart
Medial

Snippets AuraML raises $1 Mn in pre-seed round led by Turbostart Deeptech startup AuraML has raised $1 million in a pre-seed funding round led by Turbostart, with participation from DeVC, GSF Accelerator, Indian Angel Network (IAN), and other investors. The funds will be used to accelerate product development, expand its presence in the US, and scale enterprise pilots across warehouse automation, industrial robotics, and next-generation autonomous systems. Founded by Ayush Sharma, AuraML is building a generative simulation platform that allows robotics companies to model, test, and deploy systems faster, more safely, and at lower cost. Its technology helps bridge the “sim-to-real” gap faced by traditional simulation tools, offering realistic testing environments for autonomous mobile robots (AMRs) and forklifts. AuraML’s simulation capabilities include text-to-world generation, advanced sensor noise modeling for LiDAR and camera data, and scalable cloud-based multi-robot deployment testing. By shifting from physical to virtual testing, AuraML claims to cut timelines from six months and $500,000 to just one week at a fraction of the cost. Its platform, AuraSIM, combines physically accurate 3D environments and synthetic data engines to support scalable, real-world-ready robotics development.

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