Fitsol, a pioneering decarbonization platform for the manufacturing industry, has raised USD 1 million in seed funding led by Transition VC. Founded in 2022 by Anand Pathak, Akshay Tandon, Manoj Sharma, Sunil Bansal, and Vikas Kalra, Fitsol is committed to enabling manufacturers to measure, report, and actively reduce carbon emissions through its innovative AI-driven platform, Kyoto, and a comprehensive sustainability marketplace.
Transforming Manufacturing with AI-Driven Decarbonization Solutions
Fitsol’s flagship platform, Kyoto, empowers manufacturers by tracking emissions across Scope 1, 2, and 3—the latter accounting for 70-90% of most companies’ carbon footprint. The integrated sustainability marketplace offers solutions such as:
- Green logistics
- Sustainable packaging
- Eco-friendly procurement
- Waste management
- Carbon offsetting services
This holistic approach streamlines the journey toward net-zero targets, making sustainability not only achievable but also economically viable.
Anand Pathak, Founder and CEO of Fitsol, stated:
“Fitsol has become a trusted decarbonization partner for the manufacturing industry, enabling businesses to achieve significant strides in sustainability. Our solutions demonstrate that decarbonization and cost efficiency can coexist, making sustainability a smart business strategy rather than just an environmental obligation.”
Accelerating Growth with Seed Funding
Fitsol plans to deploy the freshly secured capital across three core areas:
- Enhancing Kyoto’s AI Capabilities:
- Introducing advanced analytics.
- Developing modules for lifecycle assessments and product carbon footprints.
- Ensuring alignment with global compliance frameworks.
- Expanding Operations and Talent Pool:
- Hiring top-tier professionals in technology, business development, and customer success.
- Building a Specialized Sustainability Marketplace:
- Creating the first-of-its-kind B2B marketplace tailored to sustainability solutions.
Additionally, Fitsol is gearing up for geographical expansion, with India remaining its core market while initiating operations in the Middle East. The company aims to manage 500 million tonnes of carbon emissions in supply chains within two years, positioning itself as a global leader in manufacturing decarbonization.
Fitsol’s Industry Disruption Gains Investor Confidence
Shoeb Ali, Co-founder and Managing Partner of Transition VC, emphasized Fitsol’s unique value proposition:
“Fitsol’s platform not only manages carbon reporting, monitoring, and auditing but also focuses on Scope 3 emissions, offering cost-effective solutions for logistics, supply chains, and packaging. Their innovative approach is a game-changer for industries.”
Raiyaan Shingati, Co-founder and Managing Partner at Transition VC, added:
“Fitsol bridges the gap between cost constraints and sustainability goals, enabling Indian industries to progress toward net-zero while reducing operational costs.”
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