The startup bagged $12 Mn in its seed funding round led by Lachy Groom

With this funding, Alt Carbon aims to build new projects enabling Carbon Dioxide Removal (CDR) across South Asia

The startup was founded by Shrey and Sparsh Agarwal in 2023

Deeptech startup Everything carbon has raised $12 Mn (around INR 102.8 Cr) in its seed funding round led by AI robotics company Physical Intelligence’s founder and chief executive Lachy Groom.

The round also saw participation from Shastra VC and a clutch of angel investors, including Jason Zhao, Amendra Singh, Tanmay bhat, Arjun care, Nakuul mehta, Arjun Ramani, Advaith Vishwanath and Rahul Seth.

Alt Carbon’s cofounder Shrey Agarwal announced the funding round in a LinkedIn post.

The Bengaluru-based startup plans to deploy the freshly raised capital in building new projects which enable carbon dioxide removal (CDR) across South Asia. Besides, the company will spend on research and development.

“We will improve our science, conduct advanced R&D, collect high quality data, create Machine Learning models that accelerate our operations across the board,” Agarwal said.

Shrey and Sparsh Agarwal founded Alt Carbon in 2023. The startup assists farmers and scientists in utilising dormant lands as carbon removal sinks. It aims to leverage technologies like Enhanced Rock Weathering in making South Asia a hub for CDR.

(The story will be updated soon)