Newtral.io Raises Rs 6.4 Mn In Fresh Funding
Newtral.io, a climatetech startup, has raised $78,032 (Rs 64 lakh) in a fresh funding round from Gurugram-based startup accelerator PedalStart.
The startup plans to use the freshly raised funds for the development of its product portfolio focused on carbon accounting and sustainability reporting needs.
Newtral.io | Helping Organizations Become Carbon-neutral
Founded by Avi Chudasama, Anuraag Paul and Vinod Sonagara in 2022, Newtral.io is an AI-enabled carbon accounting platform providing enterprise sustainability software to help organisations achieve net zero emissions.
The Bengaluru-based startup enables businesses to track and mitigate their carbon emissions while implementing sustainable practices.
Speaking about the development, Avi Chudasama, Co-founder and CEO of Newtral.io, said,
“We are thrilled to partner with PedalStart as we embark on our mission to help enterprises achieve net zero. This funding represents a major milestone accelerating our growth trajectory and enabling us to meet the increasing demand for sustainable solutions in global markets.”
The climatetech startup is building tools that help organisations become carbon neutral and support data-driven climate action. Leveraging the platform, enterprises can effectively measure their carbon emissions, identify areas for emissions reduction, create custom dashboards, and seamlessly adopt sustainable practices.
As per the startup, its platform has garnered significant recognition for its versatility and effectiveness, attracting diverse organisations with a sustainability focus.
Commenting on the development, Manas Pal and Aditya Darolia, Co-founders of PedalStart, said,
“We are deeply impressed by the Newtral.io team and their commitment to building sustainable technology. Newtral.io is uniquely positioned to support businesses on their journey towards achieving net zero, and we are excited to be part of their transformative vision.”
The funding round was led by PedalStart, a Gurugram-based startup accelerator launched in 2021, which helps build founders through their startup ideas, with the help of ex-entrepreneurs, startup founders, domain experts and angel investors.
Recently, there has been an increased demand for startups operating in the climatetech sector across categories. In May 2023, climate technology startup Newtrace raised $5.65 million in a seed funding round led by Sequoia Capital India and Aavishkaar Capital.
Also, Ossus Biorenewables, a Bengaluru-based green energy startup, raised $ 2.4 million in a pre-Series A round from Gruhas and Rainmatter Climate.
Note: If you are a budding entrepreneur and require assistance to register a Pvt Ltd Company, register a company, create financial projections, business development, LLP Registration, compliance filing, funding formalities, debt funding, CFO Services, or other startup related legal services, contact us.