Carbon Masters Raises Fresh Capital to Expand Biomethane and Organic Fertiliser Operations Across India
Summary
The round also saw participation from Sriram Sankaran, Managing Director of Synchron Group, and Muthu Murugappan, CEO of Murugappa Group.As part of this investment, Vikram Raman from SEEAA and Sriram Sankaran have joined Carbon Masters Board of Directors.Carbon Masters, co-founded by Som Narayan and Kevin Houston, is committed to converting organic waste streams otherwise bound for landfill into renewable biomethane and bio-enriched organic manure, marketed under its flagship Carbonlites brand.The company executes CBG (Compressed Biogas) and Organic manure projects through Special Purpose Vehicles (SPVs) and joint ventures (JVs) with strong waste management partners. It will also supply Carbonlites gas to hotels, restaurants, and industries as a substitute for LPG and CNGThrough this replicable SPV model, Carbon Masters is building a robust business framework to partner with municipalities and private operators across India to help it in its transition to net zero.With this fresh equity infusion, Carbon Masters will:The company is now preparing for its next equity round to finance five upcoming SPVs, with Ostara Advisors, Indias first climate-tech-focused Transaction Advisory firm, appointed as investment bankers.CMIPL currently operates five CBG plants across Karnataka, Telangana, and Tamil Nadu, collectively processing over 36,000 tonnes of municipal solid waste annually through anaerobic digestion. Investing in scalable clean energy infrastructure and sustainable agriculture solutions is vital to building a resilient and inclusive low-carbon future., Gilles Vermot Desroches, SVP, Corporate Citizenship, Schneider Electric & President, SEEAA.Carbon Masters innovative circular economy business model aligns with our vision of financing deep decarbonization pathways. Through its Carbonlites brand, the company converts wet municipal waste into Compressed Bio-Methane Gas (CBG) to replace fossil fuels, and Bio-Enriched Organic Manure to improve soil health. Its mission is to support 350 million people in Asia who lack access to clean energy.Sangam VenturesSangam Ventures is an early-stage venture fund investing in climate-tech companies that drive decarbonization, resilience, and sustainable development in India.IAN GroupIndias largest platform for seed and early-stage investments, IAN combines capital, mentoring, and global market access to support entrepreneurs.