Carbon Masters India Private Limited (CMIPL) has secured financing in a new equity funding round led by Schneider Electric Energy Access Asia (SEEAA), Sangam Ventures, and IAN Group. The round also drew investments from Sriram Sankaran, Managing Director of Synchron Group, and Muthu Murugappan, CEO of Murugappa Group. The amount of funding raised was not disclosed.
Furthermore, as part of this investment, Vikram Raman from SEEAA and Sriram Sankaran have joined Carbon Masters’ Board of Directors. The funds will be utilised for the expansion of the production capacity of Carbonlites Biomethane. It will also be used to scale CMIPL’s Carbonlites bio-enriched organic fertiliser portfolio.
CMIPL is a climate-tech company pioneering circular economy solutions. The company is committed to converting organic waste streams into renewable biomethane and bio-enriched organic manure, marketed under its flagship Carbonlites brand.
