Sustainiam
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Overview
Sustainiam is a pioneering climate-tech company founded in 2023 by Sapna Nijhawan and Pranav Burnwal, focusing on carbon management and sustainability solutions. The company is headquartered in Noida, Uttar Pradesh, India, and has gained a presence across major markets including the US, Europe, India, and China. Sustainiam has raised USD 1.45 million in its maiden funding round led by Orios Venture Partners with participation from several high-profile investors. Sustainiam aims to empower businesses to offset their environmental impacts effectively using its innovative digital platforms for trading carbon credits and managing emissions.
Recent Developments
- December 2024: Sustainiam raised USD 1.5 million in seed funding with contributions from Orios Venture Partners and Shilpa Shetty Kundra. The investment is set to enhance its platform for trading environmental assets and expand its workforce globally.
- July 2024: Sustainiam was selected for the IKEA and VISA-backed Greenr Sustainability Accelerator, an initiative designed to advance green startups and provide them with capital and market access. This acknowledgment highlights Sustainiam's leadership and innovative solutions in the carbon economy.
- September 2024: Sustainiam onboarded a 400 MW renewable energy portfolio from Brookfield Asset Management for generating carbon credits. This partnership aims to capitalize on the increasing demand for renewable energy certificates in India and beyond.
- January 2024: The company launched its digital exchange and registration platform, which facilitates the streamlined submission and trading of carbon assets. This platform marks a significant push towards digitizing the carbon asset management process for global businesses.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2023 |
| Headquarters | Noida, Uttar Pradesh, India |
| Founders | Sapna Nijhawan, Pranav Burnwal |
| Revenue | Targeting INR 70 crore by 2025 |
| Key Investors | Orios Venture Partners, Shilpa Shetty Kundra |
| Industry | Climate Tech, Environmental Consulting |
| Number of Employees | 11-50 |
Early History
Sustainiam was conceived in 2023 amidst a growing global emphasis on sustainability and carbon management. Founded by Sapna Nijhawan and Pranav Burnwal, Sustainiam started as a small endeavor in India, gradually expanding to the US and other international markets. The founders brought diverse backgrounds in tech development and financial markets, which enabled them to create a robust digital platform focused on carbon management. The company initially offered carbon footprint management solutions but rapidly evolved to include comprehensive trading solutions for environmental assets.
Company Profile and Achievements
Sustainiam operates as a digital carbon registry and exchange, providing businesses with tools to measure, report, and trade carbon credits. Its platforms, such as the carbon emissions management and trading system, have positioned Sustainiam as a leader in climate technology.
- Enterprise SaaS Solutions: Offers precise carbon emission estimates and access to emission factors, automating the sustainability process for enterprises.
- Stakeholder Management Platform: This digital hub enables climate tech professionals to collaborate efficiently, enhancing stakeholder engagement across the climate tech sector.
- Off-take and Assisted OTC Trading: Facilitates large-scale carbon credit transactions globally, providing a trustworthy and seamless trading process.
- Key Clients: Coca-Cola, ITC, Unilever, Brookfield, and H&M, among others, reflecting strong industrial reach.
- Strategic Milestones:
- Raised USD 1.45 million in its first funding round.
- Recognized in the Greenr Sustainability Accelerator Program.
- Successful onboarding of renewable energy assets from Brookfield.
Current Operations and Market Position
Sustainiam continues to serve as a crucial player in the climate-tech industry, focusing on carbon credit generation and trading. The company is significantly invested in digital solutions that enable businesses to meet sustainability goals with ease and reliability. Utilizing its platform, Sustainiam has facilitated the trading of over 600 million kWh in carbon assets and aims to dominate the environmental asset market further. In a rapidly expanding climate-tech sector, Sustainiam’s user-friendly digital solutions and strategic industry partnerships maintain its competitive edge.
Conclusion
Sustainiam stands at the forefront of the climate-tech industry, offering comprehensive solutions for carbon emissions management and trading. As environmental sustainability becomes crucial across the globe, Sustainiam is well-positioned to lead in providing innovative solutions that help businesses achieve their net-zero goals. The company is poised for substantial growth, leveraging its strong partnerships and technological innovations to expand its global footprint and impact. Future plans to enhance its digital platforms and increase operational scope reinforce Sustainiam's commitment to transforming the global carbon economy.