Renewable energy start-up Carbon Masters receives second round of funding

Posted by Ankit khatkar on February 3rd, 2020

Complete end-to-end waste management solutions provider Carbon Masters has started making waves by changing the way we glance at waste and driving the ‘Clean India, Clean Energy’ movement.

This Bengaluru-based renewable energy start-up, which has pioneered the event of India’s first bottled bio-CNG (compressed natural gas) under the brand ‘Carbonlites’ has received a top-up investment of? 3 crore.

Carbon Masters is that the brain-child of Som Narayan and Kevin Houston.

This investment was led by Native Angel Network with earlier investors Indian Angel Network, clean-tech VC Sangam Ventures and other board members joining the round.

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Nagaraja Prakasam, founder-Chairman, Nativelead, who may be a lead investor and member of Carbon Masters, told BusinessLine that the investment reflected Nativelead’s commitment to supporting ventures that specialize in sustainability.

“Dumping of waste may be a huge menace, be it at street corners or dump yards. If only this might be segregated, treated and converted into renewable energy, it might help bridge over several problems. this is often exactly what Carbon Masters is focussed on, in their go after a ‘Clean India’”, said Prakasam adding that “the daily generation of wet waste is estimated at over 1.60 lakh-tonnes.”

After seeing the expansion potential of this clean energy venture, Senthil Sankar of Nativelead Karur Chapter has made an investment of an undisclosed sum within the second round of funding.