Climate-tech startup Alt Carbon raises $550-K led by Shastra VC

Kolkata-based climate action startup Alt Carbon has attracted USD 550,000 in a pre-seed funding round led by Shastra VC (formerly Veda VC) and a consortium of angel investors. The funds will be used to assemble a team of geologists, geochemists, and geospatial scientists in India. Alt Carbon plans to execute a pilot project in early 2024 focused on creating durable and high-quality carbon removal credits. Founded by Shrey Agarwal, Alt Carbon specialises in scalable carbon sequestration solutions tailored for Indian geography and local conditions.