ClimateTech startup Fitsol has raised $1 million in seed funding led by Transition VC. Founded in 2022, Fitsol leverages AI to help manufacturers measure and reduce carbon emissions, with a focus on Scope 3. The funds will enhance its AI platform, expand teams, and support entry into Middle Eastern markets.
Avaana Capital has closed its $135 million Climate and Sustainability Fund to invest in early-stage startups developing innovative climate solutions. The fund focuses on three critical areas contributing to 90% of India’s carbon emissions: energy and resource management, mobility and supply chains, and sustainable agriculture. With backing from global investors like the Green Climate Fund, Avaana seeks to accelerate India's transition to a net-zero economy by 2070, supporting scalable climate technologies in India and beyond.
