Climate tech startup Equilibrium has raised $3 Mn (INR 26.5 Cr) in its seed funding round from Kalaari Capital, Peak XV Partners and Avaana Capital.
The capital will be used to expand the startup’s eight pipeline projects across nine Indian states, covering 120K hectares of land and engaging over 150K smallholder farmers. These projects would result in generating over 20 Mn tonnes of carbon removal, Equilibrium said in a statement.
Founded in 2024 by Siddhanth Jayaram, Equilibrium is a full-stack carbon removal startup that integrates carbon science and digital monitoring to deliver high-quality carbon removals that also builds resilience in India’s food systems. In November last year, the startup promoted Sricharann Seshadri, who was the lead for business and investments, to the role of cofounder, as per his LinkedIn profile.
Equilibrium’s projects include agroforestry, regenerative agriculture, mangrove restoration, and biochar. It works with farmer producer organisations (FPOs), NGOs, and other players in the agri-value chain for its projects to convert crop residues and invasive species into carbon removal and soil enrichment pathways.
Equilibrium claims to have received $2 Mn in blended finance facility from international and domestic philanthropic partners and carbon financiers, which helped reduce emissions in paddy and maize supply chains and supported over 10,000 smallholder farmers.
With rising carbon taxes, tightening emission norms, and increasing awareness about climate change, a number of carbon removal startups have emerged in the country. A report by Unitus and Climate India from 2022 estimated that the Indian climate tech market requires over $1 Tn by 2030 to meet its sustainability goals.
To seize this huge opportunity, investors are actively backing startups in the segment. For instance, Alt Carbon raised $12 Mn (around INR 102.8 Cr) earlier this year to build new projects for carbon dioxide removal (CDR) across South Asia.
The post Equilibrium Nets $3 Mn To Expand Carbon Removal Projects appeared first on Inc42 Media.
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