Terms
- Announced
- 5 Aug 2026
- Instrument
- Equity
- Amount
- US$9.50m
- Source
- mittilabs.earth
Parties
- Project developer
- Mitti Labs
- Country
- United States / India (New York and Bengaluru); projects in India, expanding to Philippines and Indonesia
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Aramco Ventures Lead investor US$1.58m Estimated: an even share, 1 of 6 Cisco Foundation Investor US$1.58m Estimated: an even share, 1 of 6 Volta Circle Investor US$1.58m Estimated: an even share, 1 of 6 Godrej Industries Group Investor US$1.58m Estimated: an even share, 1 of 6 Francis Family Fund Investor US$1.58m Estimated: an even share, 1 of 6 Lightspeed India Partners Investor US$1.58m Estimated: an even share, 1 of 6
Carbon
- Pathway
- Rice methane (AWD)
- Project type as recorded
- Rice paddy methane reduction (alternate wetting and drying) generating carbon credits
- Backed by offtakes from
- Cool Effect
What happened
- Mitti Labs closed a $9.5M Series A led by Aramco Ventures, with Cisco, Volta Circle, Godrej Industries Group and the Francis Family Fund participating alongside early backer Lightspeed India. Brings total funding to $12.5M following a $3M seed in July 2024.
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