Bengaluru-based deeptech startup Alt Carbon has successfully raised $12 million (approximately INR 102.8 crore) in a high-impact seed funding round aimed at scaling its carbon dioxide removal (CDR) operations across South Asia. The round was led by Lachy Groom, founder and CEO of the San Francisco-based AI robotics company Physical Intelligence.
Joining Groom in this funding round were several prominent venture capital firms and angel investors, including Shastra VC, along with well-known names such as Jason Zhao of PIP Labs, Amrendra Singh of DeHaat, Indian YouTuber Tanmay Bhat, Arjun Soin from Clinikally, actor Nakuul Mehta, journalist Arjun Ramani, Advaith Vishwanath from SuperShare, and Rahul Seth of Industrial47.
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Funding to Fuel Carbon Removal and R&D
With climate change emerging as a critical global concern, Alt Carbon’s mission is more relevant than ever. The company plans to utilize the newly raised capital to initiate and expand carbon dioxide removal projects throughout South Asia—an area significantly impacted by environmental challenges and emissions.
A substantial portion of the funds will also be allocated to research and development (R&D), ensuring that Alt Carbon remains at the forefront of deeptech innovations in carbon capture, utilization, and storage (CCUS). The goal is to build scalable solutions that can permanently remove COâ‚‚ from the atmosphere, making a tangible impact on global carbon reduction targets.
A Rising Star in India’s Deeptech and Climate Tech Sectors
Founded with a vision to fight climate change through cutting-edge science and technology, Alt Carbon is part of a growing wave of climate-tech startups in India that are attracting both domestic and international investor interest.
The involvement of high-profile angel investors, including tech founders, creators, and public figures, reflects a growing ecosystem of cross-disciplinary support for clean technologies. Alt Carbon’s work directly addresses United Nations Sustainable Development Goals (SDGs), particularly in the areas of climate action, sustainable industry, and innovation.
Why This Matters
As South Asia grapples with rising carbon emissions, the need for reliable carbon removal solutions has never been more urgent. Alt Carbon’s approach, combining deeptech innovation with regional deployment, positions it as a key player in the future of carbon neutrality in India and beyond.
The seed funding comes at a crucial time when both governments and corporations are committing to net-zero targets and looking for partners capable of delivering scalable climate solutions. Alt Carbon’s projects aim to support these sustainability goals with science-backed, measurable CDR impact.
What’s Next for Alt Carbon?
With this funding round complete, Alt Carbon is set to roll out a series of CDR projects in the coming months. These initiatives are expected to include direct air capture (DAC), biochar-based sequestration, and other advanced carbon removal technologies.
The startup also aims to form collaborations with governments, industries, and NGOs to accelerate carbon drawdown in the region and build public awareness around sustainable carbon practices.
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