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Renewable Energy Platform Safearth Raises Rs 3.5 Crore In Funding Led By Anthill Ventures

PRIVATEJun 21, 2023

Amount Raised

₹35 Million

Round Type

Seed

BengaluruEnergyRenewable EnergySolar

Description

SafEarth, a technology platform for the adoption of renewable energy, on Wednesday, said it has raised Rs 3.5 crore in a funding round led by Anthill Ventures. Third Derivative and Mumbai Angels were the other investors.The latest capital infusion will help fuel SafEarth's product development initiatives and support its expansion into new industrial belts across India, the company said. SafEarth helps industries reduce their carbon emissions by shifting from thermal power to solar energy at scale.Powered ByVideo Player is loading.Play VideoPlaySkip BackwardUnmuteCurrent Time 0:00/Duration 50:00Loaded: 1.19%00:00Stream Type LIVESeek to live, currently behind liveLIVERemaining Time -50:00 1xPlayback RateChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedAudio Trackdefault, selectedPicture-in-PictureFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanOpacityOpaqueSemi-TransparentText BackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanOpacityOpaqueSemi-TransparentTransparentCaption Area BackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanOpacityTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.AdvertisementSafEarth, which has over 100 completed industrial solar projects and a deployed capacity of 171 megawatt, said it has saved 300,000 tonnes of carbon emissions

Quick answer

SafEarth raised ₹35 Million in a Seed round, dated June 21, 2023. SafEarth is based in Bengaluru, Karnataka, India.

How much did SafEarth raise?
SafEarth raised ₹35 Million in a Seed round on June 21, 2023.
What does SafEarth do?
90% of Businesses that have considered buying a solar plant, do not end up buying it.
Where is SafEarth based and how big is it?
SafEarth is based in Bengaluru, Karnataka, India.
Who are the decision-makers at SafEarth?
Fundz holds 1 contact at SafEarth. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Renewable Energy around the same time

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

  • GlassPoint raised $8M (Series A) on July 31, 2023.
  • PVcase raised $100M on July 17, 2023.
  • Avaada Group raised an undisclosed amount (Funding Round) on June 30, 2023.
  • Ascent Solar Technologies raised $900K (Seed) on June 29, 2023.
  • Energix raised $520M on June 29, 2023.
  • Glowb raised $1.5M (Seed) on June 28, 2023.

Who to call at SafEarth, and when

A new round usually means SafEarth is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day SafEarth raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at SafEarth, from your own LinkedIn network

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Company Information

Company

SafEarth

Location

Bengaluru, Karnataka, India

About

90% of Businesses that have considered buying a solar plant, do not end up buying it. Additionally, 67% of the solar plants installed in India, do not pass basic quality checks. These numbers inspired our team to create SafEarth - a platform to accelerate the adoption of renewable energy in India. We are a team of young and passionate climate professionals who are constantly removing the challenges that consumers of the solar face and those that the hard-working service providers in the industry face. SafEarth for Industries: We help you find the right quality solar plant and the best vendors for the project. We then provide you with different financing options and through an online reverse auction ensure that you are buying the project at the best possible price. Through our Project Management Suite: Solar Flow, we ensure that the transition is smooth and hassle-free and that there are different checks and balances in place to ensure the best quality installation. Finally, our platform monitors the generation of the asset and helps you in getting the best returns on your investment. SafEarth for EPCs: We help EPC companies in growing their top lines and bottom lines. Our marketplace is a source for you to get high-quality opportunities and close them in the fastest time possible. Our SaaS tool: Solar Flow, helps you ensure that you are running an efficient operation and can deliver better customer satisfaction. Apart from this our EPC partners also use our platform to purchase components for their plants, and provide financing options and insurance to their customers. All in all, SafEarth is a reliable partner for you to grow your EPC business. SafEarth in Numbers: As of March 2022, the SafEarth platform has completed 118MWs of distributed solar projects. This has generated over $60 Million in revenue for our EPC partners and helped save nearly 1,75,000 Tonnes per year of carbon emissions. Our Mission is to reduce global emissions by 1 BILLION TONNES per year

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