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BiofuelCircle raises Rs 35 crore in bridge funding to expand its biomass supply chain. The round was led by Spectrum Impact with participation from Better Capital, Karma Capital, and others.

Jul 16, 2026

Amount Raised

₹350 Million

Round Type

Seed

IndiaEnergyAgriculture and FarmingRenewable EnergyMarketplaceBiomass Energy

Investors

Karma CapitalBetter CapitalSpectrum Impact

Description

BiofuelCircle has secured Rs 35 crore in bridge funding from existing investors to enhance working capital and expand its biomass supply chain. Led by Spectrum Impact, the funding supports the company's growth in renewable energy solutions. The platform connects farmers, suppliers, and industrial consumers, facilitating biomass sourcing and trade. This funding demonstrates investor confidence in BiofuelCircle's long-term strategy and plans for a Series B round.

Quick answer

BiofuelCircle raised ₹350 Million in a Seed round, dated July 16, 2026. Investors: Karma Capital, Better Capital and Spectrum Impact. BiofuelCircle is based in India.

How much did BiofuelCircle raise?
BiofuelCircle raised ₹350 Million in a Seed round on July 16, 2026.
Who invested in BiofuelCircle?
Karma Capital, Better Capital and Spectrum Impact are named as investors in this round.
What does BiofuelCircle do?
BiofuelCircle is a digital biomass and biofuels platform that connects farmers, biomass aggregators, suppliers, transporters, and industrial consumers.
Where is BiofuelCircle based and how big is it?
BiofuelCircle is based in India. Fundz records about 300 employees.
Who are the decision-makers at BiofuelCircle?
Fundz holds 2 contacts at BiofuelCircle, including the Founder's Office. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Agriculture and Farming around the same time

Companies in the same sectors as BiofuelCircle that raised within 45 days of this round, from Fundz verified event records.

  • Sabanto raised an undisclosed amount (Series B) on July 14, 2026.
  • Facet Amtech raised $2.1M (Seed) on August 28, 2026.
  • Erco Energía raised $129M (Series C) on August 21, 2026.
  • EcoNomad Solutions raised $542K (Seed) on August 19, 2026.
  • RevaTerra raised $1.3M (Seed) on August 12, 2026.
  • Fusion Fuel Green PLC raised $1.5M on August 7, 2026.

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Company Information

Company

BiofuelCircle

Location

India

About

BiofuelCircle is a digital biomass and biofuels platform that connects farmers, biomass aggregators, suppliers, transporters, and industrial consumers. Founded in 2020, it operates a digital marketplace that facilitates biomass sourcing through logistics management and trade facilitation. The company has expanded operations across 10 states in India, significantly increasing its network within the agricultural sector. BiofuelCircle aims to create a transparent and scalable biomass supply chain while promoting renewable energy adoption.

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Related People

2 contacts
Verified contactsBinoy, Founder's Office hidden hiddenSee plans and pricing
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