Equilibrium, a climate-tech startup, has raised $3 million from Kalaari Capital, Avaana Capital, and Peak XV Partners in its first institutional funding round.
The money raised will be used to expand operations, improve its tech platform, and expedite the completion of its eight ongoing carbon removal projects.
Key Highlights
- Equilibrium secures $3 million in seed funding from Kalaari Capital, Avaana Capital, and Peak XV Partners.
- Funding will accelerate eight carbon removal projects across nine Indian states, covering 120,000 hectares.
Equilibrium, which was founded in 2024 by Siddhanth Jayaram, provides full-stack carbon removal solutions to businesses that want to achieve net-zero emissions. Over 60,000 farmers and coastal communities are involved in its work, which includes agroforestry, regenerative farming, mangrove planting, and biochar projects.
Working with corporations, technology companies, and project financiers, Equilibrium develops and oversees carbon removal projects, uses technology to monitor their progress, and then sells carbon credits or removal units to clients who have net-zero objectives.
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The startup already has a project pipeline that can remove more than 20 million tonnes of CO₂ over the long term.
In the coming quarters, it intends to expand into neighboring South Asian nations like Nepal and Sri Lanka in addition to its current nine Indian states of operation, which include Tamil Nadu, Karnataka, Andhra Pradesh, West Bengal, Maharashtra and Gujarat.
