Magazine

Last edition
October 2024

Home › Investment & Trading ›Safearth Procures INR 3.5 Crore in Funding Led by Anthill Ventures, Third Derivative and Mumbai Angels

Safearth Procures INR 3.5 Crore in Funding Led by Anthill Ventures, Third Derivative and Mumbai Angels

This financing round will propel SafEarth's product progress and augment its outreach among industries, driving its transition to sustainable energy sources.

June 22, 2023. By EI News Network

SafEarth declares the adoption of renewable energy its funding round of INR 3.5 Crore.

The financing round was managed by Anthill Ventures, Third Derivative and Mumbai Angels.

SafEarth has distinctively made itself by helping industries minimise their carbon emissions by transferring from thermal power to solar energy at the level.

With over 100 accomplished industrial solar projects and an installed capacity of 171MW, SafEarth has facilitated the saving of over 300,000 tonnes of carbon emissions.

Harshit Poddar, Co-Founder of SafEarth, added, "Through our advanced tech stack and comprehensive suite of products, SafEarth is driving the transition to sustainable energy sources and helping industries reduce their carbon emissions at scale. The recent funding round not only validates our mission but also empowers us to accelerate product development and expand our reach to new industrial belts across India. Together, we can build a cleaner and more sustainable future."

This financing round will propel SafEarth's product progress and augment its outreach among industries, driving its transition to sustainable energy sources.

With its consolidated platform for solar projects comprising engineering, procurement, execution, and financing support, SafEarth has made a market share, obtaining 6.67 percent in the C&I Rooftop Solar space and 5 percent in India's overall distributed solar market.

This funding will enable us in achieving this milestone and empowering industries to minimise one billion tonnes of CO2 equivalent by 2030.

The SafEarth platform strives together all stakeholders of the industry including buyers, system installers, solar component manufacturers and project financiers on one platform.

Anthill Ventures is a worldwide escalating ecosystem that invests in pre-stage companies.

Mumbai Angel is a platform for private investment that has the former name IIFL Wealth & Asset Management. The firm has more than 750 investors spanned across all over 70 Global and Indian cities.

Tags:

Reduce Carbon Emissions

Industrial Solar

Thermal power

Solar energy