Climatetech

$4M to help reduce emissions in India, Southeast Asia, and beyond

May 18, 2023
StepChange

Take action with StepChange. This India-based startup helps companies track their carbon emissions, and they’re heading over to SEA!

  • Launched in 2022, StepChange’s decision-making tool makes it easier for enterprises to navigate the transition to a carbon-neutral future.
  • That’s a lot. So far, they’ve managed to account for 250 million tC02e (7.5%) of emissions in India.

They’ve just raised a $4M seed led by BEENEXT and Global Founders Capital.

Investor check. Genesia Ventures, Whiteboard Capital, Saison Capital, Seedstars, and other investors also joined in!

⏰ No time to waste

StepChange is working with some of India’s largest corporate and financial institutions to monitor and reduce their emissions.

  • Impact tracking. StepChange offers SaaS tools that track companies’ ESG metrics and analyze their product life cycle impact.
  • Everyone’s involved. Oh, and they also have a mobile app that encourages company staff to adopt sustainable habits!

👋 Rising SEAs

Uh-oh. SEA is one of the most at-risk regions for adverse climate change effects. Plus, it’s also a region that’s heavily dependent on fossil fuels.

  • Tracking emissions metrics can guide companies to make more climate-conscious decisions.

💰 What’s with the $$$?

StepChange will improve its scope of services, specifically its region-specific carbon accounting tools. They’ll also use the $$$ to expand in SEA and other international markets!

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