The climate tech startup Equilibrium has secured $3 million in seed funding from Kalaari Capital, Peak XV Partners, and Avaana Capital. This investment aims to enhance the company’s carbon removal projects and bolster its technology, science, and operations teams. Equilibrium collaborates with smallholder farmers to produce high-quality carbon removal credits by promoting climate-resilient practices like agroforestry, regenerative agriculture, organic farming, and biochar use. By adopting these methods, farmers reduce or remove greenhouse gases, earning carbon credits in return. The company partners with NGOs, farmer producer organizations, and local community groups to integrate smallholder farmers into the carbon economy, enriching their soils and providing an additional revenue stream through carbon credits. The new funding will facilitate the expansion of eight projects across nine states, impacting over 1.50 lakh farmers and covering 1.20 lakh hectares of land, with an expected carbon removal of over 20 million tonnes. Equilibrium is focused on scaling its projects and enhancing internal capabilities by building a robust technology stack and strengthening its science, operations, and technology teams. The company anticipates rapid growth, with projected revenues exceeding $2 million in the next year and a significant increase by the end of FY25-26. Rising corporate net-zero commitments are expected to drive demand for high-quality carbon credits, offering substantial revenue potential by 2030.
How is Equilibrium planning to expand its carbon removal projects with new funding?
