Tech platform SafEarth raised Rs 3.5 Cr funding from Anthill Ventures, others
A new round of funding for SafEarth, a technology platform for the adoption of renewable energy, has raised Rs 3.5 crore. Anthill Ventures, Third Derivative, and Mumbai Angels are the round’s leaders.
SafEarth claims that this investment will support its product development efforts and help it expand into new industrial areas across the nation.
Harshit Poddar founded SafEarth, which has an extensive product line supported by cutting-edge technology. The platform makes use of data-driven insights to chart an industry’s electricity consumption and create the ideal solar plant to maximize its energy use. After that, SafEarth puts these projects into action using a network of carefully vetted execution partners.
Additionally, it continuously optimizes by monitoring client energy use in real-time, enabling significant energy savings and carbon emission reductions for businesses.
SafEarth asserts that with more than 100 completed industrial solar projects and a deployed capacity of 171MW, it has helped prevent more than 300,000 tonnes of carbon emissions. The business has partnered with well-known businesses like Mondelez India, Everest Industries, Ather Energy, and Toyota Technopark.
The company claims that it has brought in over Rs 800 crores in revenue for solar installers.
Anthill Ventures makes investments in early-stage businesses and helps them grow quickly by offering mentorship, access to international markets, and strategic alliances. It emphasizes media and entertainment, healthtech, and proptech.
