Climate-tech startup RenewCred raises 4.25 Cr in seed round

Climate tech startup RenewCred has raised Rs 4.25 crore in a seed funding round comprising a mix of equity and grants. The round was led by Campus Angels Network, with participation from Kairos Early Opportunity Fund, build3 Startup Studio, VentureStudio Ahmedabad University, Ideashacks Investor Network, ACT Capital Foundation, Social Innovation Lab by Citi Bank–IIT Kanpur, and angel investors.

The proceeds will be used to deepen its methodologies, scale its Net Zero platform, and deliver carbon credits that buyers and regulators can genuinely trust, the company said in a press release.

Founded in 2024 by Abhimanyu Rathi, the Bengaluru-based startup is building tech-driven infrastructure for high-integrity carbon credits using advanced MRV (Monitoring, Reporting, and Verification) supported by IoT, machine learning, and blockchain. The company aims to make carbon markets more transparent, efficient, and accessible, particularly for technology-led projects and smaller developers in the Global South.

RenewCred’s proprietary Net Zero digital platform enables continuous monitoring, reporting, and verification at the level of each individual credit issued, moving away from document-heavy legacy systems. It is supported by a growing network of domain experts who co-develop sector-specific methodologies and ensure credits are conservative, measurable, and defensible under global scrutiny.

Going forward, RenewCred plans to expand its portfolio of non-nature-based carbon credit methodologies, scale its digital MRV and registry platform, grow its science network, and onboard more project developers and buyers seeking continuously verified carbon credits. The startup also aims to position India as a credible source of high-integrity, technology-verified carbon credits for global markets.

RenewCred is scheduled to issue its first set of carbon credits this quarter. It focuses on methodologies such as biochar, EV fleets, renewable energy, methane reduction, clean fuels, and industrial decarbonisation.

Over the next 14 years, the company targets the removal of 2 gigatons of greenhouse gas emissions. Its platform integrates live data streams, scientific models, and automated checks to cut verification timelines by 75%, reduce transaction costs by over 50%, and significantly improve trust and auditability.