Ossus Biorenewables Raises $2.4 Million In Funding From Nikhil Kamath's Gruhas, Rainmatter Climate
Amount Raised
$2.4 Million
Round Type
Seed
BengaluruEnergyOil And GasRenewable EnergyDescription
Ossus Biorenewables, a Bengaluru-based green energy startup, on Wednesday said it has raised $2.4 million in funding from Gruhas Proptech and Rainmatter Climate. Stockbroking firm Zerodha’s cofounder Nikhil Kamath and Abhijeet Pai founded Gruhas, while Rainmatter Climate is Zerodha’s non-profit foundation. The startup will use the funding to accelerate the deployment of Ossus’ OB HydraCel — a bioreactor for on-site hydrogen gas generation — across other sectors, including refining, foods, brewing, chemicals, and pharmaceutical industries. It also aims to produce three-five tonnes of green hydrogen each day before the end of the year.Founded in 2017 by Suruchi Rao, Shanta Rao, and Kamar Suhail Basha, Ossus uses waste carbon in industrial effluents as the starting material for green hydrogen
Quick answer
Ossus Biorenewables raised $2.4 Million in a Seed round, dated April 5, 2023. Ossus Biorenewables is based in Bengaluru, Karnataka, India.
- How much did Ossus Biorenewables raise?
- Ossus Biorenewables raised $2.4 Million in a Seed round on April 5, 2023.
- What does Ossus Biorenewables do?
- We are a bioenergy company, utilizing the chemical content of oil and gas industry effluents as a source of decentralized power.
- Where is Ossus Biorenewables based and how big is it?
- Ossus Biorenewables is based in Bengaluru, Karnataka, India.
Source: Fundz verified event record.
Who else raised in Energy and Oil And Gas around the same time
Companies in the same sectors as Ossus Biorenewables that raised within 45 days of this round, from Fundz verified event records.
- Peak Power raised $35M (Funding Round) on May 18, 2023.
- HydRegen raised $3.2M (Seed) on April 26, 2023.
- Braya Renewable Fuels raised $300M on April 20, 2023.
- HeatTransformers raised $16M (Funding Round) on April 4, 2023.
- Modern Hydrogen raised $33M on March 14, 2023.
- W2E CLEANTECH ENERGY raised an undisclosed amount (Funding Round) on March 9, 2023.
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