SafEarth a technology platform receives $35mn funding from Anthill Ventures and others
SafEarth, a technology platform for adoption of renewable energy said that it has raised USD 35 million (Rs 3.5 crore) in the latest funding round. The funding was led by Anthill Ventures, Third Derivative and Mumbai Angels. This investment will fuel SafEarth's product development initiatives and support its expansion into new industrial belts across the country.
SafEarth has distinguished itself by helping industries reduce their carbon emissions by shifting from thermal power to solar energy at scale. SafEarth claims that its marketplace streamlines clean energy procurement process for industries, reducing time by 50 per cent, cost by 10 per cent, and errors to zero, resulting in over 20 per cent increased project returns.
Harshit Poddar, Co-founder, SafEarth stated, " Through our advanced tech stack and comprehensive suite of products, SafEarth is driving the transition to sustainable energy sources and helping industries reduce their carbon emissions at scale. The recent funding round not only validates our mission but also empowers us to accelerate product development and expand our reach to new industrial belts across India. Together, we can build a cleaner and more sustainable future."
Sailesh Sigatapu, Partner, Anthill Ventures said, "SafEarth's selection as our first cohort of Gruhas ASPIRE program underscores the significance of our accelerator program in nurturing and supporting ground breaking startups. We are excited to witness SafEarth's continued success and are confident that their achievements will inspire and motivate future cohorts in the Gruhas ASPIRE program to create meaningful and sustainable change in the proptech landscape.
The recent funding round will propel SafEarth's product development and expand its reach among industries, accelerating their transition to sustainable energy sources. With its integrated platform for solar projects covering engineering, procurement, execution, and financing support, SafEarth has already gained a significant market share, securing 6.67 per cent in the C&I Rooftop Solar space and 5 per cent in India's overall distributed solar market.
SafEarth has distinguished itself by helping industries reduce their carbon emissions by shifting from thermal power to solar energy at scale. SafEarth claims that its marketplace streamlines clean energy procurement process for industries, reducing time by 50 per cent, cost by 10 per cent, and errors to zero, resulting in over 20 per cent increased project returns.
Harshit Poddar, Co-founder, SafEarth stated, " Through our advanced tech stack and comprehensive suite of products, SafEarth is driving the transition to sustainable energy sources and helping industries reduce their carbon emissions at scale. The recent funding round not only validates our mission but also empowers us to accelerate product development and expand our reach to new industrial belts across India. Together, we can build a cleaner and more sustainable future."
Sailesh Sigatapu, Partner, Anthill Ventures said, "SafEarth's selection as our first cohort of Gruhas ASPIRE program underscores the significance of our accelerator program in nurturing and supporting ground breaking startups. We are excited to witness SafEarth's continued success and are confident that their achievements will inspire and motivate future cohorts in the Gruhas ASPIRE program to create meaningful and sustainable change in the proptech landscape.
The recent funding round will propel SafEarth's product development and expand its reach among industries, accelerating their transition to sustainable energy sources. With its integrated platform for solar projects covering engineering, procurement, execution, and financing support, SafEarth has already gained a significant market share, securing 6.67 per cent in the C&I Rooftop Solar space and 5 per cent in India's overall distributed solar market.
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