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Deeptech startup ALT CARBON raises $12 Mn in seed round
Entrackr
·
2m ago
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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Alt Carbon, PierSight, Shuru App, Borderless get early-stage funding
VCCircle
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2m ago
Medial
Alt Carbon, PierSight, Shuru App, and Borderless have secured early-stage funding in their respective sectors. Alt Carbon raised $12 million to scale operations in India using a carbon removal technique. PierSight, a space tech startup, garnered $8 million for maritime satellite coverage. The community platform Shuru App obtained Rs 29 crore to enhance its location-based insights feature. Borderless, formerly Stockal, also concluded a Rs 20 crore bridge funding round to expand its global finance solutions.
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Alt Carbon scores $12M seed to scale carbon removal in India | TechCrunch
TechCrunch
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2m ago
Medial
Alt Carbon, a climate tech startup, raised $12 million to scale carbon dioxide removal through enhanced rock weathering in India. Founded by siblings Shrey and Sparsh Agarwal, the company uses waste basalt rock dust to sequester carbon for over 10,000 years while enriching soil. Aiming to remove 5 million tons of carbon by 2030, Alt Carbon's methodology adheres to carbon removal registries and has garnered support from major companies and organizations.
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Anscer Robotics raises $2 Mn in seed round
Entrackr
·
5m ago
Medial
Anscer Robotics raises $2 Mn in seed round Deeptech startup Anscer Robotics has raised $2 million in its seed round led by Info Edge Ventures. The proceeds will be used to expand into new geographies and develop new product lines. Founded by Ribin Mathew, Ebin Sunny, Raghu Venkatesh, and Brijesh CA, Anscer Robotics makes smart robots that help move things in warehouses, factories, and logistics centers. The company’s flagship robots can carry up to two tonnes, including pallet movers, tuggers, conveyors, and lifters. The startup claims to have already deployed autonomous mobile robots (AMRs) at the units of its 15 enterprise customers across the US, India, Singapore, and Japan.
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EV startup ALT Mobility raises $10 Mn in Series A
Entrackr
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8m ago
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.
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Elevation Capital, Axilor and YCombinator tap into three tech startups
VCCircle
·
1y ago
Medial
Software-as-a-service (SaaS) startup UnifyApps has raised $11 million in seed funding to expand its platform that uses AI to connect disjointed SaaS applications. Deeptech startup NoPo Nanotechnologies secured $3 million in pre-Series A funding to scale up production of carbon nanotubes for advanced electronics and energy storage. Edtech startup SuperKalam raised $1.95 million in seed funding to enhance its AI-driven educational platform.
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Kluisz.ai raises $9.6 Mn in seed round led by RTP Global
Entrackr
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8d ago
Medial
Kluisz.ai raises $9.6 Mn in seed round led by RTP Global Enterprise AI infra startup Kluisz.ai has raised $9.6 million in a seed round led by RTP Global, making it one of the largest seed fundraises for an AI-focused deeptech company out of India in 2025 so far. The round also saw participation from Unicorn India Ventures, Blume Founders Fund, Climber Capital, and several strategic angels, including Oyo’s Ritesh Agarwal, Innov8’s Ritesh Malik, Aditya Virwani of Embassy Group, and others. Founded earlier this year by former Oyo COO and CPO Abhinav Sinha, ex-McKinsey partner Vamshidhar Reddy, and former Jio cloud executive Abhijeet Singh, Kluisz.ai is building a developer-first AI-native private cloud platform for enterprise use cases. The product aims to orchestrate AI workloads across hybrid, on-premise, edge, and sovereign cloud environments, with embedded security, observability, and automation. Kluisz.ai allows developers to define performance, compliance, or cost objectives while the platform auto-manages deployment and execution across infrastructure stacks. According to the company, the fresh proceeds will be used to scale the core engineering team in Bengaluru, accelerate product development, and onboard early design partners. The startup is initially targeting sectors like BFSI, manufacturing, and regulated industries with edge-heavy infrastructure. For RTP Global, this marks a deeper bet on AI infra emerging out of India. “Kluisz.ai is taking on a highly complex, globally relevant problem with a team that has done this at scale before,” said Madhur Makkar, Partner at RTP Global. The startup currently employs under 20 people and plans to expand rapidly over the next 12–18 months.
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Climatetech startup Varaha Nets $8.7 Mn To Boost Tech & Science Tech, Expand Asia Operations
Inc42
·
1y ago
Medial
Climate tech startup Varaha has raised $8.7 million in a Series A funding round led by RTP Global, with participation from existing investors Omnivore and Orios, along with Norinchukin Bank, AgFunder, and Octave Wellbeing Economy Fund. The Indian startup generates carbon credits by helping farmers adopt regenerative agricultural practices, increasing their income and reducing operational costs. The funding will be used to improve Varaha's technology and science capabilities, expand operations in Asia and sub-Saharan Africa, and meet the growing demand for carbon credits. Varaha had previously raised a seed round of $4 million in 2022.
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Alt Mobility Nets $6 Mn To Scale Its EV Asset Management Platform
Inc42
·
1y ago
Medial
Alt Mobility, a startup focused on EV fleet adoption through asset management, has raised $6 million in a Pre-Series A funding round. Co-led by Shell Ventures, Eurazeo, EV2 Ventures, and Twynam, the funding will be used to expand the engineering team for the company's EV asset management platform FleetOS. Alt Mobility also plans to launch new verticals for fleets, including drive-to-own models, parametric insurance, fleet depots, and battery refurbishment units. The startup aims to achieve an AUM of $100 million in the next two years and become the largest proprietary EV fleet provider in India by 2025.
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Proxima Fusion raises $21M to build on its 'stellarator' approach to nuclear fusion
TechCrunch
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1y ago
Medial
German fusion startup Proxima Fusion has raised €20m ($21.7m) in a seed funding round to develop its fusion power plants based on "quasi-isodynamic stellarators". Proxima claims its approach to fusion has been made possible with the use of artificial intelligence to simulate the behaviour of plasma. The company plans to leverage research from the Wendelstein 7-X experiment to achieve fusion energy by the mid-2030s. Proxima's seed round was led by Redalpine, with participation from Bayern Kapital, DeepTech & Climate Fonds, and the Max Planck Foundation.
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Spacetech Startup XDLINK Space Labs Raises $7 Mn From Ashish Kacholia, Others
Inc42
·
9m ago
Medial
- Hyderabad-based startup raises seed funding for its first commercial mission - XDLINX Space Labs secures funding round with participation from E2MC, Mana Ventures, and one undisclosed family office - Startup plans to use funds to develop its own satellite and launch first commercial mission - XDLINX Space Labs offers end-to-end nano and micro satellite platforms with hosted payloads - Founded by Gandupalli and Karthik Govindhasamy - Seed funding round to fuel the growth and expansion of the startup in the space industry.
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