Why we invested in Climitra

Climitra: Pioneering Industrial Decarbonization Through High-Tech Biochar in India

 Industries such as steel manufacturing are among the largest sources of carbon emissions, significantly contributing to climate change and environmental pollution. As global demand for steel and other heavy industrial products continues to grow, sustainable innovation in these sectors is critical to achieving climate goals. India, the world's second-largest steel producer, faces pressing challenges as its steel sector emits 12% of the country’s total carbon emissions, with coal-based processes responsible for most of this impact. Climitra Carbon Private Limited is an innovative technology-driven company leveraging geospatial AI and proprietary machinery to convert abundant agricultural biomass into high-tech biochar: a sustainable substitute for coal in steelmaking and other heavy industries.

 Strategic Industry and Market Context

 The biochar market opportunity in India is substantial, with a potential addressable market exceeding USD 5.6 billion. India's steel industry, dominated by carbon-intensive blast furnace-basic oxygen furnace (BF-BOF) technologies, urgently requires scalable decarbonization solutions to meet the country's net-zero target by 2070 and to remain competitive under global regulations such as the EU’s Carbon Border Adjustment Mechanism (CBAM). Meanwhile, India generates an estimated 750 million tons of agricultural waste annually, much of which remains underutilized or burned, exacerbating air pollution. Climitra bridges these sectors by establishing a circular, technology-enabled biomass supply chain connecting farmers and steel manufacturers.

 Key Advantages of Climitra’s Biochar Solution

 Climitra’s approach integrates specialized feedstock-specific pyrolysis machinery with a centralized data infrastructure that maps and forecasts biomass availability across India. Their high-tech biochar, produced under controlled conditions to meet stringent steel industry specifications. This technology offers multiple benefits: i) Significant emissions reduction by substituting coal that requires energy-intensive conversion, ii) Utilization of invasive species and agricultural residues, thereby addressing both environmental pollution and supply challenges, iii) AI-driven process optimization and IoT-enabled machinery ensure consistent biochar quality tailored to industrial specifications, iv) A closed-loop energy system to power operations, minimizing fossil fuel dependence.

Industrial biochar represents a promising, scalable technology driving sustainable manufacturing and climate mitigation in heavy industries. With India’s steel sector at the crossroads of growth and decarbonization, Climitra offers a pioneering, tech-enabled solution that transforms agricultural waste into a high-value, low-carbon industrial input. By correctly aligning with regulatory trends, client needs, and environmental imperatives, Climitra is poised to lead the transition toward sustainable, green steel production and industrial decarbonization at large, fulfilling a critical role in India’s climate and circular economy ambitions.

 Theia Ventures is proud to lead Climitra’s pre-seed round with participation from Momentum Capital and strategic angels, to catalyze a green transition for heavy industries.