Climate Insider Brief:
- Sustainiam, a Bangalore-based climate-tech startup, has been recognized as one of the top 15 winners in the Elevate 2023 Call 2 program by the Government of Karnataka, receiving a grant of 25 Lakhs in cash and 75 Lakhs worth of benefits.
- The Elevate program, aimed at supporting technology-driven startups, selected Sustainiam for its innovative solutions in renewable energy and carbon markets, distinguishing it among thousands of competitors across Karnataka.
- Led by Founder and CEO Sapna Nijhawan, Sustainiam is poised to scale its impact globally, leveraging the grant to expand into international carbon markets and further revolutionize emission reporting and offsetting strategies worldwide.
As reported by Timestech, Sustainiam, a climate-tech startup based in Bangalore, has been selected as one of the top 15 winners in the prestigious Elevate 2023 Call 2 program by the Government of Karnataka. This recognition comes with a grant of 25 Lakhs in cash and benefits totaling 75 Lakhs, highlighting Sustainiam’s innovative approach amidst a competitive field of startups across the state.
The Elevate program, initiated by the Government of Karnataka, aims to identify and support technology-driven startups with significant potential. The selection process, overseen by a distinguished committee including representatives from NASSCOM and TiE Bangalore, underscores Sustainiam’s leadership in the climate-tech sector.
Sustainiam is dedicated to tackling the global climate crisis through advanced solutions focused on renewable energy and alternative fuel generation. Their initiatives cater to a diverse clientele, ranging from large enterprises to MSMEs and rural communities. Notably, Sustainiam’s technology facilitates the creation of tradeable carbon certificates, offering clients additional revenue streams while promoting sustainability.
Founder and CEO Sapna Nijhawan expressed her commitment to transformative sustainability efforts, stating, “With our establishment in India and our expansion into global carbon markets, the Elevate grant will enable us to scale our solutions and extend our global reach.” Nijhawan emphasized the importance of the support from the Government of Karnataka in accelerating the energy transition and revolutionizing emission reporting worldwide.
Sapna Nijhawan brings a wealth of experience to Sustainiam, having held roles in fintech product development globally and managing a portfolio exceeding 300 million USD. Her leadership and Sustainiam’s innovative platform have garnered recognition from prestigious organizations, further solidifying their position in the climate-tech sector.
As Sustainiam embarks on its next phase of growth, the team remains steadfast in leveraging this opportunity to expand their impact across various sectors, including hospitality, aviation, real estate, and defense. Clients such as ITC Hotels and Accenture have already benefited from Sustainiam’s solutions, with ITC Hotels achieving the Sustainable and Green Platinum LEED certification, a testament to their effective emission offsetting strategies.
With mentorship from industry leaders and support from the Elevate program, Sustainiam is poised to achieve significant milestones in advancing sustainability efforts globally. Their commitment to liquidity, transparency, credibility, and traceability in carbon markets underscores their dedication to driving positive change.
News Source: Timestech
Featured Image: Credit: Timestech
