Climate Tech Startup Sustainiam Raises $1.45 Million in Maiden Funding Round

• ByStartupStory     |    December 10, 2024

Sustainiam, a climate tech startup co-founded by Sapna Nijhawan and Pranav Burnwal, has successfully raised $1.45 million (approximately Rs 12.14 crore) in its first-ever funding round. The round was led by Orios Venture Partners, with notable participation from Indian actress Shilpa Shetty Kundra, Rajesh Sawhney, Harsh Vardhan Bhagchandka, and Vinit Bhansali.

The funding will enable Sustainiam to launch a cutting-edge, technology-powered platform for trading environmental assets. Additionally, the company plans to use the capital to expand its workforce and scale its operations globally, as outlined in its official press release.

Founded in 2023, Sustainiam offers innovative reporting-to-redemption solutions for corporate emissions. Through its platform, users can discover and purchase carbon credits with real-time settlement. The platform also offers API integrations and climate finance solutions, focusing on carbon footprint management. Businesses can issue and trade renewable energy certificates and carbon credits via the platform.

Sustainiam’s platform provides businesses with a seamless, tech-enabled solution to manage their carbon footprints. The company has already launched its first product focused on carbon emissions and is preparing to roll out its exchange and registration platform in January 2025.

“We believe that through our digital platform, we can simplify and streamline the entire process of carbon asset management and trading. Our goal is to build a fully digital front for the registration process of carbon assets and project documentation, ensuring a more efficient and accessible platform for our global clients,” said Sapna Nijhawan, co-founder of Sustainiam.

The Noida-based startup has already begun serving a global clientele, including leading brands such as Coca-Cola, ITC, Unilever, Brookfield, and H&M. With over 140 clients in its portfolio, Sustainiam is actively trading more than 600 million kilowatt-hours (kWh) in carbon assets.

“Our clients span across key markets such as the US, Europe, China, Canada, the Middle East, and Singapore. With our cutting-edge technology and global reach, we are positioned to play a key role in helping businesses achieve their sustainability goals,” added Pranav Burnwal, co-founder of Sustainiam.

Sustainiam has set ambitious revenue targets, projecting a revenue of Rs 70 crore by 2025. As the company expands its platform and client base, it is poised to become a significant player in the growing carbon trading and climate finance sector.

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