Alt Carbon Secures $12M Seed
This is a India news story, published by TechCrunch, that relates primarily to Alt Carbon news.
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Alt Carbon scores $12M seed to scale carbon removal in India | TechCrunch
81% Informative
Alt Carbon has raised $12 million in a seed round as it plans to scale its carbon dioxide removal work in India .
The climate-tech startup locks away carbon for thousands of years through enhanced rock weathering on farmlands.
By 2030 , the startup aims to remove 5 million tons of carbon from the region, Sparsh Agarwal said.
Alt Carbon secured a $ 500,000 pre-purchase by Frontier and a $1 billion advanced market commitment led by Stripe , Alphabet , Meta , Shopify, and McKinsey .
It recently signed a strategic partnership with a buyer coalition, NextGen , started by South Pole and Mitsubishi Corporation , to scale its enhanced rock weathering.
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