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RenewCred raises $500K to launch India’s first tech-driven carbon credit system with faster, cheaper verification.
RenewCred, a Bengaluru-based climate-tech firm, has raised ₹4.15 crore in seed funding to build India’s first technology-native carbon credit standard and registry.
The platform, Net Zero, uses live data integration for continuous monitoring, reporting, and verification, cutting verification time by 75% and reducing costs by over 50%.
It supports non-nature-based projects like renewable energy and electric vehicles, aiming to remove 2.0 gigatons of emissions over 14 years.
The company plans to issue its first carbon credits this quarter, with expansion in methodologies, infrastructure, and partnerships expected over the next year.
RenewCred recauda $500K para lanzar el primer sistema de crédito de carbono impulsado por la tecnología de la India con una verificación más rápida y barata.