Alt Carbon Raises $550,000 in Pre-Seed Funding to Advance Climate Action Initiatives

• ByStartupStory     |    December 21, 2023

Indian climate action startup Alt Carbon has secured $550,000 in a pre-seed funding round led by Shastra VC (formerly Veda VC) and a consortium of strategic angel investors. The funding will be utilized to build a high-caliber team comprising geologists, geochemists, and geospatial scientists based in India. Alt Carbon plans to leverage this talent pool to execute a pilot project in early 2024, focusing on the creation of durable and high-quality carbon removal credits for the voluntary carbon offset market.

Shrey Agarwal, a BITS Pilani graduate and the founder of Alt Carbon, aims to capitalize on the company’s expertise in scalable carbon sequestration solutions tailored to the unique geography and local conditions of India. Alt Carbon’s strategic focus on the Indian context sets it apart in the climate action space, aligning with the country’s growing emphasis on sustainable development and environmental stewardship.

The funding round, led by Shastra VC and supported by strategic angel investors, highlights the growing interest in climate-focused startups addressing the pressing challenges of carbon emissions and climate change. Alt Carbon’s innovative approach and commitment to delivering impactful solutions have attracted the attention of investors seeking to support initiatives with the potential for significant environmental and social impact.

With the backing of this funding round, Alt Carbon is well-positioned to advance its mission of driving meaningful climate action through innovative carbon sequestration strategies tailored to India’s specific environmental landscape. The company’s focus on assembling a top-tier team and executing a pilot project underscores its dedication to delivering tangible results in the fight against climate change.

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