SafEarth, an Indian technology platform dedicated to promoting renewable energy adoption, announced the successful completion of its latest funding round, raising INR 35 million. The funding was led by Anthill Ventures, Third Derivative, and Mumbai Angels. This investment will drive SafEarth’s product development efforts and facilitate its expansion into new industrial regions across India.
SafEarth has gained recognition for its role in helping industries transition from thermal power to solar energy on a large scale, effectively reducing carbon emissions. With a track record of over 100 completed industrial solar projects and a total deployed capacity of 171 MW, SafEarth has successfully saved more than 300,000 tonnes of carbon emissions. Noteworthy collaborations with prominent companies such as Toyota Technopark, Everest Industries, Ather Energy, and Mondelez India have resulted in significant cost savings of Rs 50 crore above industry averages during the solar energy transition. The platform has also generated business opportunities worth over Rs 800 crores for solar installers.
SafEarth’s marketplace simplifies the clean energy procurement process for industries, reducing time by 50%, cost by 10%, and eliminating errors, ultimately leading to project returns increased by more than 20%.
The platform utilizes data-driven insights to analyze an industry’s electricity consumption patterns and design optimal solar plants for energy optimization. SafEarth’s innovative tech stack provides impactful solutions for a cleaner environment.