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Climate-tech startup Neiox Eco raises Rs.75-L from Cochin Shipyard

Business Line   Neiox Eco Cycle  

Kozhikode, Kerala-based climate-tech startup Neiox Eco Cycle has raised INR 75 lakhs from Cochin Shipyard Ltd under the USHUS Maritime Innovation Scheme. The grant will support the development of the sustainable, non-toxic, carbon-negative marine hull coating.Founded in 2023, Neiox Eco Cycle generates revenue by converting industrial air pollutants and effluents into value-added products and additives.The fresh funds will be used by the company to commercialise its carbon-negative coating technology.

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