VC Fund Investments
Clean air co Praan raises $1.56-M from Social Impact Capital, Better Capital, others
San Francisco- and Mumbai-based air purification startup Praan has raised USD 1.56 million led by Social Impact Capital, with participation from Better Capital, Paradigm Shift Capital, Avaana Capital and Quality of Life Investments Texas (Angel Syndicate). Praan is using patent-pending technology for filter-less capture of particulates and carbon dioxide from ambient air. The fresh funds will be used to build and expand the company's Indian team as well as take the patent-pending core technology to real large-scale pilots through B2B deployments, stabilize manufacturing, and democratize the technology to deliver clean air at INR 1 per person per day. The company also plans to add velocity to efforts in direct air CO2 capture both in India and USA.
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