Equilibrium raises $3 Mn from Kalaari, Avaana, and Peak XV

Climate-tech startup Equilibrium has raised $3 million in its first institutional funding round from Kalaari Capital, Avaana Capital, and Peak XV Partners. 

The proceeds will be used to strengthen its tech platform, speed up progress on its eight ongoing carbon removal projects, and grow operations. 

Founded in 2024 by Siddhanth Jayaram, Equilibrium delivers full-stack carbon removal solutions for companies aiming to reach net-zero emissions. Its work spans agroforestry, regenerative farming, mangrove planting, and biochar projects, involving over 60,000 farmers and coastal communities. 

Equilibrium works with corporates, tech firms, and project financiers: they build and manage the carbon removal projects, track their performance using technology, and then sell carbon credits or removal units to customers with net-zero goals. 

The startup already has a project pipeline capable of achieving over 20 million tonnes of long-term CO₂ removal. 

It operates in nine Indian states including Maharashtra, Tamil Nadu, Karnataka, Andhra Pradesh, West Bengal, and Gujarat, and plans to expand into nearby South Asian countries like Nepal and Sri Lanka in the next few quarters.