Nativelead leads investment in Renewable Energy start up Carbon Masters
Press Release: Madurai, Jan 23
Native Angel Network, the investment arm of Nativelead, the Tamil Nadu-based initiative for nurturing entrepreneurial ecosystems, has made a significant investment in Carbon Masters, the Bangalore-based renewable energy start-up. This top up investment was led by Nativelead with earlier investors in the company Indian Angel Network, clean-tech VC Sangam Ventures and other board members joining this round.
This investment reflects Nativelead’s commitment to support enterprises that focus on sustainability. With a mission to address the impacts of climate change, the Bangalore-based Carbon Masters, co-founded by Som Narayan and Kevin Houston has pioneered the development of India’s first bottled Bio-CNG brand Carbonlites. Carbonlites is made by converting food and Agri wastes (otherwise destined for landfill) to clean renewable energy which can displace LPG for commercial cooking in restaurants and hotels. The “waste” by product of the process is converted to a nutrient rich organic manure which helps farmers reduce their use of Chemical fertilizers further reducing GHG missions.
How 4 of my portfolio demonstrating circular economy | Good Fellas – Forbes Cover | Masters of Waste | Nativelead invests in Carbon Masters
An initiative to hasten innovation in clean energy, Mission Innovation’s 1.5°C Compatible Solutions Framework developed and led by Sweden has identified Carbonlites as one of the top 100 solutions in the world that can significantly reduce GHG emissions. 45 megatons of CO2e by 2030 when expanded globally.1
The investment of an undisclosed sum is led by Senthil Sankar of Nativelead Karur Chapter. He sees immense growth potential for the start-up that completed its second year since its seed round of investment with proven unit economics of Carbonlites and a scalable asset lite business model with corporate partners and municipal bodies across India according to Senthil Sankar.
The major revenue streams for Carbon Masters are from the sale of Carbonlites Bio-CNG cooking Gas, Carbonlites Bio-Enriched Organic Manure, Plant operations fees and the sale of ancillary products required to set up the infrastructure.
“We are delighted to have the support of Nativelead to help us scale our Carbonlites initiative “says Som Narayan. “This latest infusion of funds will help us expand our operations and reach new markets” The company currently has a strong presence in Karnataka, and is selling Carbonlites in Indore, Madhya Pradesh. The next phase will see Carbon Masters take its energy and organic manure solutions to Tirupati Andhra Pradesh and Tamil Nadu.
Nativelead that was started with focus on developing regional startups is encouraging new innovations to come to its regions. I’m also happy to see we have Nativelead leads coming forward in leading deals. Other than this Nativelead has invested in SP Robotics, Fresh world, VillFresh, Happy Hens, Native special, Farmers Fresh Zone etc”. Says Nagaraja Prakasam, Founder Chairman of Nativelead and lead investor board member of Carbon Masters who also topped up this round.”
As well as giving financial support NAN has already started to help the company with local knowledge, contacts, and mentoring support to start its operations in Kaur, Tamil Nadu. Senthil adds “Bringing cutting edge clean tech start-ups from outside of the region to Tamil Nadu in collaboration with local entrepreneurs helps our entrepreneurs to access world class technologies to solve its problems via Nativelead network which is a win-win for everyone”
Reference:
2. Website : https://www.carbonlites.com
3. Contact for further details : Nativelead, Staling Jacob,
stalinjacob@nativelead.org | Carbon Masters, info@carbonmasters.co.in
Media Coverage of Press Release:
Native Angels Network leads investment in renewable energy firm Carbon Masters
By Bruhadeeswaran R 28 January, 2020
Native Angels Network, launched by Tamil Nadu-based Nativelead, has led an investment in Carbon Masters, a Bengaluru-based renewable energy startup.
The network was joined by earlier investors Indian Angel Network, clean-tech venture fund Sangam Ventures and other board members.
Nativelead invests in enterprises that focus on sustainability, said co-founder and chairman Nagaraja Prakasam, who is also a partner with social venture capital investor Acumen.
“Our typical investments are in the range of Rs 10 lakh to Rs 1 crore. In this Rs 3 crore round, we have invested Rs 1.70 crore, which is our highest investment,” Prakasam told VCCircle.
The investment was led by Senthil Sankar of Nativelead Karur Chapter, Karur being a city in Tamil Nadu.
Carbon Masters, co-founded in 2009 by Som Narayan and Kevin Houston, has developed bottled bio-CNG brand Carbonlites.
Carbonlites is made by converting food and agri wastes (otherwise destined for landfill) to renewable energy which can displace LPG for commercial cooking in restaurants and hotels.
The “waste” by-product resulting from the conversion process is transformed into nutrient-rich organic manure which helps farmers reduce their use of chemical fertilisers, further reducing greenhouse gas emissions.
An initiative to hasten innovation in clean energy, Mission Innovation’s 1.5°C Compatible Solutions Framework developed and led by Sweden has identified Carbonlites as one of the top 100 solutions in the world that can significantly reduce greenhouse gas emissions.
Major revenue streams for Carbon Masters are from the sale of Carbonlites bio-CNG cooking gas, Carbonlites organic manure, plant operations fees and the sale of ancillary products.
“This latest infusion of funds will help us expand our operations and reach new markets,” said Narayan. The company currently has a strong presence in Karnataka and is selling Carbonlites in Indore, Madhya Pradesh. The next phase will see Carbon Masters take its energy and organic manure solutions to Tirupati (city in Andhra Pradesh) and Tamil Nadu.
Nativelead’s other investments include SP Robotics, Fresh world, VillFresh, Happy Hens, Native special, Farmers Fresh Zone, etc.
Nativelead’s founders include Sivarajah Ramanathan, Prakasam, VA Palanikumar, and founder of human resources firm Ma Foi and Tamil Nadu minister for Tamil language, culture and archaeology Pandiarajan K.
Renewable energy start-up Carbon Masters receives second round of funding
L N Revathy Coimbatore | Updated on January 30, 2020 Published on January 30, 2020
Complete end-to-end waste management solutions provider Carbon Masters has started making waves by changing the way we look at waste and driving the ‘Clean India, Clean Energy’ movement.
This Bengaluru-based renewable energy start-up, which has pioneered the development 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 the brain-child of Som Narayan and Kevin Houston.
This investment was led by Native Angel Network, the investment arm of Nativelead, with earlier investors Indian Angel Network, clean-tech VC Sangam Ventures and other board members joining the round.
Nagaraja Prakasam, founder-Chairman, Nativelead, who is a lead investor and board member of Carbon Masters, told BusinessLine that the investment reflected Nativelead’s commitment to support ventures that focus on sustainability.
“Dumping of waste is a huge menace, be it at street corners or dump yards. If only this could be segregated, treated and converted into renewable energy, it would help tide over several problems. This is exactly what Carbon Masters is focussed on, in their quest for a ‘Clean India’”, said Prakasam adding that “the daily generation of wet waste is estimated at over 1.60 lakh-tonnes.”
After seeing the growth potential of this clean energy venture, Senthil Sankar of Nativelead Karur Chapter has made investment of an undisclosed sum in the second round of funding. Published on January 30, 2020
Renewable energy startup gets funding
Coimbatore: Native Angel Network, an investor in native startups, has invested in a Bengaluru-based renewable energy startup, Carbon Masters.
Native Angel Network, an arm of Madurai-based Nativelead Foundation, had last year invested Rs 65lakh in a city-based startup, ‘VilFresh’, which supplies packaged fresh milk within three hours of procurement.
Carbon Masters, which has managed to get funding of Rs 1.67crore, also received investments from Indian Angel Network and VC Sangam Ventures. The company has developed a bottled bio CNG (compressed natural gas) brand ‘Carbonlites’. “It is made by converting food and agri wastes into clean renewable energy that can displace LPG for commercial cooking in restaurants and hotels,” said a release.
The company currently has a presence in Karnataka and Madhya Pradesh, the release said. “The next phase will see Carbon Masters take its energy and organic manure solutions to Andhra Pradesh and Tamil Nadu.”
Energy startup gets funding
Coimbatore: Native Angel Network, an investor in native startups, has invested in a Bengaluru-based renewable energy startup, Carbon Masters.
Native Angel Network, an arm of Madurai-based Nativelead Foundation, had last year invested Rs 65lakh in a city-based startup, ‘VilFresh’, which supplies packaged fresh milk within three hours of procurement.
Carbon Masters, which has managed to get funding of Rs 1.67crore, also received investments from Indian Angel Network and VC Sangam Ventures. The company has developed a bottled bio CNG (compressed natural gas) brand ‘Carbonlites’. “It is made by converting food and agri wastes into clean renewable energy that can displace LPG for commercial cooking in restaurants and hotels,” said a release.
The company currently has a presence in Karnataka and Madhya Pradesh, the release said. “The next phase will see Carbon Masters take its energy and organic manure solutions to Andhra Pradesh and Tamil Nadu.” tnn
Native Angel Network invests in Renewable Energy start-up Carbon Masters.
SimpliCity News Team,
Jan 29, 2020 13:33:49
Coimbatore: Native Angel Network, the investment arm of Nativelead, the Tamil Nadu-based initiative for nurturing entrepreneurial ecosystems, has made a significant investment in Carbon Masters, the Bangalore-based renewable energy start-up. This top-up investment was led by Nativelead with earlier investors in the company Indian Angel Network, clean-tech VC Sangam Ventures and other board members joining this round.
This investment reflects Nativelead’s commitment to supporting enterprises that focus on sustainability. With a mission to address the impacts of climate change, the Bangalore-based Carbon Masters, co-founded by Som Narayan and Kevin Houston has pioneered the development of India’s first bottled Bio-CNG brand Carbonlites.
The investment of an undisclosed sum is led by Senthil Sankar of Nativelead Karur Chapter. He sees immense growth potential for the start-up that completed its second year since its seed round of investment with proven unit economics of Carbonlites and a scalable asset lite business model with corporate partners and municipal bodies across India according to Senthil Sankar.
Carbonlites is made by converting food and Agri wastes (otherwise destined for landfill) to clean renewable energy which can displace LPG for commercial cooking in restaurants and hotels. The “waste” by-product of the process is converted to nutrient-rich organic manure which helps farmers reduce their use of Chemical fertilizers further reducing GHG emissions.
An initiative to hasten innovation in clean energy, Mission Innovation’s 1.5°C Compatible Solutions Framework developed and led by Sweden has identified Carbonlites as one of the top 100 solutions in the world that can significantly reduce GHG emissions. 45 megatons of CO2e by 2030 when expanded globally.
The major revenue streams for Carbon Masters are from the sale of Carbonlites Bio-CNG cooking Gas, Carbonlites Bio-Enriched Organic Manure, Plant operations fees and the sale of ancillary products required to set up the infrastructure.
“We are delighted to have the support of Nativelead to help us scale our Carbonlites initiative, “says Som Narayan. “This latest infusion of funds will help us expand our operations and reach new markets” The company currently has a strong presence in Karnataka, and is selling Carbonlites in Indore, Madhya Pradesh. The next phase will see Carbon Masters take its energy and organic manure solutions to Tirupati Andhra Pradesh and Tamil Nadu.
Nativelead that was started with a focus on developing regional startups is encouraging innovations to come to its regions. I’m also happy to see we have Nativelead leads coming forward in leading deals. Other than this Nativelead has invested in SP Robotics, Fresh world, VillFresh, Happy Hens, Native special, Farmers Fresh Zone etc” says Nagaraja Prakasam, Founder Chairman of Nativelead and lead investor board member of Carbon Masters. As well as giving financial support NAN has already started to help the company with local knowledge, contacts, and mentoring support to start its operations in Kaur, Tamil Nadu. Senthil adds “Bringing cutting edge cleantech start-ups from outside of the region to Tamil Nadu in collaboration with local entrepreneurs helps our entrepreneurs to access world-class technologies to solve its problems via Nativelead network which is a win-win for everyone”
