Sustainiam Raises $1.45 Million in Maiden Funding Round
Climate Tech Startup Sustainiam Raises $1.45 Million in Maiden Funding Round
Climate tech startup Sustainiam has reached a new level. The start rocked $1.45 million (approximately â‚ą12.14 crore) in its first funding recently. The startup is focusing on changing the way of carbon asset trading and management.Sustainiam Raises $1.45 Million in its maiden funding round only.
Key Investors Back Sustainiam’s Mission
The funding round was led by Orios Venture Partners which is one of the most flavored venture capital firms. Other investors are Shilpa Shetty Kundra, Rajesh Sawhney, Harsh Vardhan Bhagchandka, and Vinit Bhansali.
The funds will support Sustainiam in launching its innovative technology-powered platform. This platform facilitates the trading of environmental assets and provides solutions for carbon footprint management. Additionally, the startup plans to expand its workforce and scale its operations globally.
A Game-Changing Platform for Environmental Asset Trading
Sustainiam, founded in 2023, offers a comprehensive solution for corporate emissions reporting. Its platform enables businesses to discover and purchase carbon credits with real-time settlement. The tech-driven platform also supports API integrations, making it highly adaptable for various business needs.
“We believe that through our digital platform, we can simplify and streamline the entire process of carbon asset management and trading. Our goal is to build a fully digital front for the registration process of carbon assets and project documentation, ensuring a more efficient and accessible platform for our global clients,” said co-founder Sapna Nijhawan. She emphasised the platform’s ability to streamline carbon asset registration and documentation. Businesses can issue and trade renewable energy certificates and carbon credits through Sustainiam’s cutting-edge platform.
The startup has already introduced its first product focusing on carbon emissions management. In January 2025, Sustainiam plans to launch its exchange and registration platform. This rollout will further strengthen its position as a leader in climate finance solutions.
Serving Global Clients with Advanced Technology
Sustainiam’s operations have already reached a global scale, serving over 140 clients. Coca-Cola, ITC, Unilever, Brookfield, and H&M are some of its well-known clients. The platform transacts over 600 million kilowatt-hours (kWh) of carbon assets volume every year.
“Our clients span across key markets such as the US, Europe, China, Canada, the Middle East, and Singapore. With our cutting-edge technology and global reach, we are positioned to play a key role in helping businesses achieve their sustainability goals,” said co-founder Pranav Burnwal. He highlighted the startup’s presence in regions such as the Middle East and Singapore. This extensive reach reflects Sustainiam’s capability to help businesses achieve their sustainability goals.
The startup’s innovative platform integrates technology with sustainability. It offers businesses seamless access to renewable energy certificates and carbon credits. This approach helps organisations meet their climate targets more efficiently.
Ambitious Goals for Future Growth
Sustainiam has set ambitious revenue targets as it continues its growth trajectory. The startup projects a revenue of Rs 70 crore by 2025. It aims to capitalise on the rising demand for carbon trading and sustainability-focused solutions.
Sustainiam is one such company that is striving to make businesses become net-zero emitters by harnessing technology on its platform. They enhance API integration and climate financing to enable enterprises to handle their emission levels.
Further solidifying its position will be the proposed establishment in 2025 of Sustainiam’s carbon exchange and registration platform. The platform will present buyers and sellers of renewable energy certificates and carbon credits in a sphere that is reasonable and clear.
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20 FAQs
1. What is Sustainiam?
Sustainiam is a climate-tech startup that helps businesses manage their carbon footprint and trade carbon credits through a cutting-edge technology platform.
2. When was Sustainiam founded?
Sustainiam was founded in 2022 in India and expanded to the US in 2023[5].
3. Who are the founders of Sustainiam?
Sustainiam was co-founded by Sapna Nijhawan and Pranav Burnwal[3].
Platform and Services
4. What services does Sustainiam offer?
Sustainiam provides a platform for trading environmental assets, including carbon credits and renewable energy certificates. It also offers real-time settlement, API integrations, and climate finance solutions[3].
5. How does Sustainiam’s platform work?
The platform allows businesses to discover, purchase, and trade carbon credits with real-time settlement. It also supports API integrations for various business needs.
6. What is the ECal Emissions Calculator?
The ECal Emissions Calculator is a tool by Sustainiam that monitors Scope 1, 2, and 3 emissions, enhancing transparency and accountability in sustainability efforts.
Funding and Growth
7. How much funding has Sustainiam raised?
Sustainiam raised $1.45 million (approximately â‚ą12.14 crore) in its maiden funding round.
8. Who led the funding round for Sustainiam?
The funding round was led by Orios Venture Partners, with participation from other notable investors like Shilpa Shetty Kundra and Rajesh Sawhney.
9. What will the funding be used for?
The funds will be used to launch a new platform, expand the workforce, and scale global operations.
Client Base and Partnerships
10. Who are some of Sustainiam’s notable clients?
Sustainiam serves clients like Coca-Cola, ITC, Unilever, Brookfield, and H&M.
11. What is Sustainiam’s partnership with Brookfield about?
Sustainiam has onboarded a 400 MW portfolio of Brookfield’s renewable assets for the registration, issuance, and trading of International Renewable Energy Certificates (I-RECs.
12. How has Sustainiam impacted the hospitality sector?
Sustainiam led emission offsets by partnering with 12 ITC hotels, making them the first LEED-Platinum hotels in India.
Global Reach and Expansion
13. Where does Sustainiam operate?
Sustainiam operates in India and the US, with plans for global expansion to 20 new countries by 2025[1].
14. What regions does Sustainiam serve?
Sustainiam serves clients across India, the Middle East, Europe, the US, China, Canada, and Singapore[3].
Sustainability Impact
15. How does Sustainiam contribute to sustainability?
Sustainiam helps businesses achieve their sustainability goals by simplifying carbon asset management and trading, and by promoting renewable energy through its platform[3].
16. What is Sustainiam’s mission?
Sustainiam’s mission is to empower every action and product to offset environmental impact with precision, innovation, and accountability.
Future Plans
17. What are Sustainiam’s future goals?
Sustainiam plans to expand to 20 new countries, increase its global client base by 400%, and achieve carbon-neutral targets for its partners by 2025.
18. When will Sustainiam launch its exchange and registration platform?
Sustainiam plans to launch its exchange and registration platform in January 2025.
Revenue and Financials
19. What are Sustainiam’s revenue targets?
Sustainiam aims to achieve a revenue of â‚ą70 crore by 2025.
20. How much carbon assets volume does Sustainiam transact annually?
Sustainiam transacts over 600 million kilowatt-hours (kWh) in carbon assets every year.
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