Sustainiam, a pioneering climate tech startup, has successfully raised USD 1.45 million in its Pre-Series A funding round, positioning itself as a leader in innovative carbon management and sustainability solutions. The funding round was led by Orios Venture Partners, with participation from notable investors, including Shilpa Shetty Kundra, Rajesh Sawhney, Harsh Vardhan Bhachandka, and Vinit Bhansali.
Driving Innovation in Carbon Credit Trading
The newly acquired funds will fuel Sustainiam’s ambitious plans to launch the world’s first fully digital exchange and platform for environmental assets. This platform aims to revolutionize carbon credit management by digitizing the creation, registration, and trading of carbon credits, thereby enhancing transparency and efficiency in the global carbon market.
The startup also plans to double its workforce and expand its operations globally, further solidifying its position as a significant player in the climate tech industry.
Empowering Enterprises with Carbon Solutions
Founded in September 2023, Sustainiam provides enterprises with carbon footprint management solutions via its technology-driven platform. The platform facilitates the issuance and trading of International Renewable Energy Certificates (IRECs) and other carbon assets, making carbon credit trading more accessible and efficient.
Sustainiam is already trading over 60 crore kWh in carbon assets and aims to generate ₹70 crore revenue by 2025. The startup has secured marquee clients such as Coca-Cola, ITC, and Brookfield, underscoring its growing credibility in the sustainability sector.
Recognition and Accolades
Sustainiam’s innovative approach has earned it significant recognition:
- Government of Karnataka Grant: ₹25 lakh in cash and ₹75 lakh worth of benefits under the Elevate 2023 Call 2 program.
- Global Accelerator Programs: Selected by the IKEA Foundation and VISA Foundation-backed Greenr Sustainability Accelerator Program.
These accolades highlight the startup’s leadership in driving sustainability and its impact on shaping a greener future.
Leadership and Vision
Sapna Nijhawan, Founder and CEO of Sustainiam, shared her vision for transforming the carbon market:
“The global carbon market, valued at over USD 700 billion, still relies on outdated over-the-counter (OTC) methods. Sustainiam was founded to digitize how carbon credits are created, registered, and traded. By enabling digital asset creation, we unlock new supply streams and empower generators to maximize their incentives. With the support of Orios and our esteemed investors, we’re poised to make a global impact.”
Investor Confidence in Sustainiam
Sukhmani, Partner at Orios Venture Partners, expressed confidence in Sustainiam’s potential:
“Sustainiam’s vision of enhancing transparency in carbon trading is essential for achieving net-zero emissions. This is our second investment in companies focused on carbon certificates, and we believe Sustainiam has the qualities to achieve global leadership.”
Investor and actor Shilpa Shetty Kundra also commended the platform’s transformative impact:
“Sustainiam’s digitized carbon credits platform is a significant step toward a sustainable future. It enhances transparency and accountability while empowering more participants to contribute to the transition to a low-carbon economy.”
Shaping the Future of Carbon Markets
As Sustainiam accelerates its efforts to digitize and innovate carbon trading, it is well-positioned to address the challenges of climate change and support the transition to a sustainable global economy. With robust funding, industry recognition, and a clear vision, Sustainiam is set to lead the way in climate tech and sustainability solutions.
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