Onlygood.ai, a platform dedicated to simplifying carbon management and sustainability reporting, has raised Rs 4 crore (about $500,000) in a seed funding round. The round was co-led by IIT Madras Incubation Cell (IITMIC), Goel Group, and Daimler India Commercial Vehicles (DICV), with DICV acquiring a 1.5% equity stake at a set valuation.

The newly raised funds will be used to expand operations in India and the Middle East, with plans to enter Europe by 2024. Onlygood.ai aims to enhance its team, improve its platform’s features, and strengthen its technological infrastructure to better serve its growing client base.

Founded in 2022 by Rajeev Sinha and Vivek Mehra, Company is tackling the carbon emissions crisis by providing businesses with innovative solutions to measure, track, and reduce their carbon footprints. The platform’s key offerings include the Decarb Navigator and Decarb X-celerator, which assist companies in making data-driven decisions on efficiency and sustainability.

Since the launch of its beta platform in 2022,Company has partnered with major industry players such as Maruti-Suzuki and DICV, gaining recognition for its sustainability initiatives. The platform also supports compliance with various carbon regulations, including BRSR, CSRD, and CBAM, offering auto-hooks for compliance and a strategic toolkit to help businesses navigate their decarbonization journeys.

Headquartered in Gurugram, Firm aims to provide real-time product traceability across supply chain touchpoints. The startup works with partners such as Blue Ocean Steel and Envex to deliver comprehensive sustainability solutions.

 

visit: gamicaltech.com