SafEarth, a technology platform for adoption of renewable energy, has raised Rs 3.5 crore in a new round led by Anthill Ventures, Third Derivative and Mumbai Angels.
According to SafEarth, this investment will fuel its product development initiatives and support its expansion into new industrial belts across the country.
Founded by Harshit Poddar, SafEarth offers a comprehensive suite of products powered by their advanced tech stack. The platform uses data driven insights to map out an industry’s electricity consumption and design the perfect solar plant to optimise its energy usage. SafEarth then implements these projects through a network of pre-screened execution partners.
It also monitors client’s energy consumption in real time to enable continuous optimization, empowering businesses to achieve significant energy savings and reduce carbon emissions.
With over 100 completed industrial solar projects and a deployed capacity of 171MW, SafEarth claims to have enabled the saving of over 300,000 tonnes of carbon emissions. The company has collaborated with renowned companies like Toyota Technopark, Everest Industries, Ather Energy, and Mondelez India.
According to the company, it has generated business worth over Rs 800 crores for solar installers.
Anthill Ventures invests in early-stage companies and provides mentorship, access to global markets, and strategic partnerships to help startups scale rapidly. It focuses on proptech, healthtech, and media and entertainment.
