Bengaluru, July 2023: Newtral.io, a climate-tech company that develops enterprise sustainability software, is delighted to announce the successful completion of a 6.4 million INR funding round led by PedalStart, a prominent Gurugram-based startup accelerator focused on supporting early-stage startups.
The fund infusion will fuel Newtral.io’s growth and accelerate the development of its cutting-edge product portfolio focused on carbon accounting and sustainability reporting needs.
Commenting on the partnership, Mr. Avi Chudasama, Cofounder and CEO of Newtral.io said, “We are thrilled to partner with PedalStart as we embark on our mission to help enterprises achieve net zero. This funding represents a major milestone that will accelerate our growth trajectory and enable us to meet the increasing demand for sustainable solutions in global markets”.
Leveraging the power of the Newtral.io platform, enterprises can effectively measure their carbon emissions, identify areas for emissions reduction, create custom dashboards, and seamlessly adopt sustainable practices. Newtral.io’s platform has garnered significant recognition for its versatility and effectiveness, attracting a diverse range of organizations with a sustainability focus.
“We are deeply impressed by the Newtral.io team and their commitment to building sustainable technology, commented Mr. Manas Pal and Mr. Aditya Darolia, Co-founders, PedalStart. They further stated, “Newtral.io is uniquely positioned to support businesses on their journey towards achieving net zero, and we are excited to be part of their transformative vision”.
“Newtral.io’s approach of helping organizations go beyond carbon accounting data points, dashboard, setting reduction targets, and helping them solve behavioral challenges can be a great value addition for sustainability teams”, as commented by Dr. Sudarshan Dutta, Advisor, and Carbon expert, Newtral.io. Additionally, as stated by Mr. Anuraag Paul, co-founder and CMO of Newtral.io “By delivering comprehensive carbon accounting solutions, we empower our customers to achieve their sustainability objectives while navigating a dynamic regulatory landscape. Our commitment to innovation, collaboration, and a design-led approach positions us as the preferred partner for organizations driving meaningful change and embracing a net-zero future”.
“Accurate Data collection (specifically at Scope 3 level) and actionable insights have been a major challenge for organizations when it comes to climate action. We are solving these challenges with our innovative and scalable technology offerings” as said by Mr. Vinod Sonagara, Co-founder, and CTO Newtral.io.
Founded in 2022, Newtral.io boasts a founding team with extensive experience in developing sustainable technology. Their expertise, combined with a passion for environmental impact, positions Newtral.io as a frontrunner in the industry.