Indian climate action startup Alt Carbon has secured $550,000 in a pre-seed funding round led by Shastra VC (formerly Veda VC) and a consortium of strategic angel investors. The funds will be used to establish a high-quality team consisting of geologists, geochemists, and geospatial scientists based in India. Alt Carbon intends to deploy this talent pool for a pilot project in early 2024, concentrating on generating robust and premium carbon removal credits for the voluntary carbon offset market.

Shrey Agarwal, a graduate of BITS Pilani and the founder of Alt Carbon, aims to leverage the company's expertise in scalable carbon removal solutions tailored to India's distinctive geography and local conditions. Alt Carbon's specific focus on the Indian context differentiates it in the climate action sector, aligning with the country's increasing emphasis on sustainable development and environmental responsibility.

Shastra VC leading the funding round, along with backing from strategic angel investors, underscores the increasing interest in startups dedicated to climate action, specifically addressing the urgent issues of carbon emissions and climate change. Alt Carbon's inventive strategy and dedication to providing impactful solutions have captured the interest of investors looking to endorse initiatives with substantial environmental and social influence.

Supported by the funding obtained in this round, Alt Carbon is in a strong position to progress its objective of instigating impactful climate action through inventive carbon sequestration approaches designed for the unique environmental conditions of India. The company's emphasis on building an exceptional team and implementing a pilot project emphasizes its commitment to producing tangible outcomes in the battle against climate change.