Terms
- Announced
- 21 May 2025
- Instrument
- Equity
- Amount
- US$12.0m
- Source
- altcarbon.com
Parties
- Project developer
- Alt Carbon
- Country
- India
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Lachy Groom Investor US$6.00m Estimated: an even share, 1 of 2 Shastra VC Investor US$6.00m Estimated: an even share, 1 of 2
Carbon
- Pathway
- Enhanced rock weathering
- Backed by offtakes from
- · signed before this financing
What happened
- Company page dates it 2025-05-22; TechCrunch 2025-03-21 - dates conflict
Kumo note
- An individual angel rather than a fund led the largest climate tech seed round yet raised in India. No development finance institution appears in the cap table of a Global South removal venture; philanthropic catalytic money did the early derisking instead.
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