Praan, a California and Mumbai-based firm, has announced a $1.56 million investment round headed by Social Impact Capital, with participation from Better Capital, Paradigm Shift Capital, and Avaana Capital, as well as Texas-based Quality of Life Investments (Angel Syndicate)
Praan was founded in 2017 by Angad Daryani with the goal of helping people breathe healthier air in metropolitan areas using AI-powered filter-less air purification equipment. To make clean air accessible to everyone, the company employs scientific fundamental principles as well as cutting-edge hardware and software. The company has enhanced its supply chain and worked with three manufacturing companies to manufacture its MK One product in India since its launch.
Commenting on the investment Angad Daryani, Founder and CEO, Praan, said, “The fundraise offers the company an incredible opportunity and an honest shot at trying to help over three billion people breathe cleaner air around the world. It’s an extremely difficult and nuanced challenge but we are working our best to fulfill our mission.”