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Business News Today: Latest Business News, Finance News

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Prithu raises $1.1 m to scale carbon removal platform for...
2026-04-29 · via Business News Today: Latest Business News, Finance News

Prithu, a climate technology company building a full-stack carbon removal platform focused on nature-based solutions (NBS), has raised $1.1 million in a funding round led by Transition VC.

A media statement said the fresh capital will accelerate Prithu’s on-ground operations in key Indian regions. The company will focus on onboarding small landholder farmers and strengthening its blockchain-powered digital MRV (Monitoring, Reporting, and Verification) infrastructure with advanced satellite monitoring, ground truthing and machine learning. It will also expand commercialisation efforts through long-term offtake agreements with global buyers.

Founded in 2024 by Sunny Vaish, Prabal Tomar, and Abhinav Pandey, Prithu is building scalable carbon removal infrastructure rooted in India’s agricultural ecosystem. The company focuses on enabling high-integrity carbon removal through regenerative agriculture practices such as soil organic carbon enhancement, Alternate Wetting and Drying (AWD), and biochar.

Leveraging its proprietary dMRV (digital MRV) system — which combines on-ground soil sampling, satellite monitoring, machine learning, and biogeochemical modelling — Prithu ensures that every carbon credit generated is measurable, verifiable, and aligned with global standards such as Verra, Gold Standard, and Puro, the statement said.

Quoting Sunny Vaish, co-founder and CEO of Prithu, the statement said the carbon market is entering a phase of accelerated growth, driven by stronger climate commitments and evolving global frameworks. Demand for high-integrity carbon credits is rising, with a clear premium on transparency, additionality, and measurable impact.

“At the same time, limited supply of credible credits, especially from nature-based and durable removal projects, is expected to drive long-term value, positioning this as a multi-billion-dollar opportunity over the next decade for strong ecosystem players. At Prithu, we are combining regenerative agriculture, carbon removal, and blockchain-powered transparency to address India’s soil carbon depletion crisis, while enabling farmers to participate meaningfully in global climate markets,” Vaish said.

Gaurav Patil, VP of Investments at Transition VC, said the opportunity in nature-based carbon is significant, but the market is increasingly differentiating between volume and verifiable quality. Buyers are prioritising credits that have strong data, clear traceability, and consistent on-ground execution. “Prithu is building the infrastructure required to deliver that, particularly in regenerative agriculture, where scale and credibility rarely come together,” Patil said.

Over the next 12-24 months, the company plans to expand to 500,000 hectares in NBS projects, including high-tech biochar, enhance MRV tech, secure international partnerships, and explore new geographies, the statement added.

Published on April 29, 2026