Bengaluru-based Climate-Tech Venture Expands Circular Economy Solutions
Carbon Masters India, a climate-tech company focused on circular economy innovations, has raised a fresh equity round led by Schneider Electric Energy Access Asia (SEEAA), Sangam Ventures, and IAN Group, with participation from Sriram Sankaran (Synchron Group) and Muthu Murugappan (Murugappa Group). The deal also brings Vikram Raman (SEEAA) and Sriram Sankaran onto the company’s Board of Directors.
Focus of Investment
The new capital will be used to:
- Expand production of its flagship renewable fuel, Carbonlites CBG
- Scale its organic fertiliser portfolio
- Improve operational efficiency
- Strengthen sales, marketing, and R&D teams
About Carbon Masters
Founded by Som Narayan and Kevin Houston, Carbon Masters transforms organic waste that would otherwise reach landfills into renewable biomethane and bio-enriched organic manure. These are marketed under the Carbonlites brand, targeting both the energy and agriculture sectors.
The company works through special purpose vehicles (SPVs) and joint ventures with waste management partners. Its key JV, Sustainable Impacts with Hasiru Dala Innovations, operates one of Bengaluru’s only authorised wet waste facilities for bulk generators. With pipeline injection clearance from GAIL, the facility enables direct delivery of biomethane into India’s national gas grid.
Products and Market Reach
Carbon Masters’ Compressed Bio-Methane Gas (CBG) serves:
- Commercial kitchens
- Industrial users
- Transport fleets
- City gas networks
Alongside, its bio-enriched organic manure supports farmers with improved soil health. Currently, the company runs five CBG plants across Karnataka, Telangana, and Tamil Nadu, processing over 36,000 tonnes of municipal waste annually.
Future Outlook
Looking ahead, the company is preparing for its next equity raise to support the development of five new SPVs, with Ostara Advisors appointed as its transaction advisor.
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