Climate Tech Startup Sustainiam Bags Funding From Orios

Climate tech startup Sustainiam has raised $1.45 Mn (about INR 12.3 Cr) in its Pre-Series A funding round led by Orios Venture Partners.

The round also saw participation from a clutch of angel investors, including actor Shilpa Shetty Kundra, GSF Accelerator founder Rajesh Sawhney, IPL Biologicals president Harsh Vardhan Bhagchandka and former Orios Venture Partners’ senior vice president Vinit Bhansali.

The Delhi NCR-based startup plans to use the fresh capital to double its headcount, expand global operations, and launch a digital and technology-driven platform for environmental assets.

Founded in 2023 by Sapna Nijhawan and Pranav Burnwal, Sustainiam offers carbon footprint management solutions to enterprises through its tech enabled platform. It claims to enable companies to issue and trade in International Renewable Energy Certificates (IRECs) and other carbon certificates.

“Sustainiam was founded to transform the industry by digitising how carbon credits are registered, created, and traded worldwide. By enabling digital asset creation, we’re unlocking new supply streams and empowering generators to maximize their incentives. We are excited to partner with Orios and marquee angels, as we rapidly amp up to make a real difference on a global scale,” said Nijhawan.

The funding comes at a time when the climate tech space is seeing a lot of interest from investors. In May, climate tech startup Solinas Integrity raised an undisclosed amount of funding from Neev Fund II, a fund managed by the State Bank of India’s private equity arm SBICAP Ventures.

In February this year, Varaha raised $8.7 Mn (INR 72.1 Cr) in a Series A funding round led by RTP Global. 

The climate tech landscape is also witnessing experimentation in new sub-sectors, including green hydrogen, circular economy involving recycling, sustainable aviation fuel, low-carbon cement, and water conservation, among others.