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Climate Tech Startup 'Fitsol' uplifts $1 million Funding from Transition VC

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Fitsol, a decarbonization platform made specifically for the manufacturing sector, raised $1 million from Transition VC in its seed round.

The money raised will be put toward accelerating growth in three important areas. In order to provide advanced analytics and modules for lifecycle assessments and product carbon footprints, it will invest in bolstering Kyoto's AI capabilities. Additionally, it intends to grow by bringing on top talent in customer success, business development, and technology.

Fitsol, an AI-driven platform and comprehensive sustainability marketplace, was founded in 2022 by Anand Pathak, Akshay Tandon, Manoj Sharma, Sunil Bansal, and Vikas Kalra. Fitsol's mission is to enable manufacturers to measure, report, benchmark, and actively reduce their carbon emissions.

Kyoto monitors emissions in all three Scopes, but in order to expedite the process of reaching net-zero targets, the market provides green logistics, eco-friendly packaging, eco-friendly procurement, waste management, and carbon offsetting services.

Its end-to-end methodology additionally validates its financial feasibility. It dispels the myth in the industry that sustainability is unaffordable by claiming to have achieved cost savings of 15% to 20% across all of its carbon reduction projects.

The company serves major automotive brands like Mahindra, Suzuki, Hero, Royal Enfield, OLA Electric, and Ather and also provides services to industry leaders like JK Tyre, JBM Group, Rockman Industries, Hindware, Musashi, and Penguin Random House India.

Another top goal is geographic expansion, with the Middle East serving as the starting point for overseas operations while India continues to be the main market. Within the next two years, the company hopes to control 500 million tonnes of carbon emissions in supply chains, establishing itself as a global leader in the decarbonization of the manufacturing sector.