SafEarth, an India-based technology platform for renewable energy transition, has completed a funding round of ₹35 million ($426,755) to support the company’s product development initiatives and expansion into new industrial belts across the country.

The funding round was led by Anthill Ventures, Third Derivative, and Mumbai Angels.

SafEarth is an energy transition platform assisting commercial and industrial (C&I) consumers in evaluating solar transition options and savings.

The company said it has helped industries shift from thermal power to solar energy at scale and has facilitated over 100 industrial solar projects, with a deployed capacity of 171 MW and saving over 300,000 tonnes of carbon emissions.

Harshit Poddar, Co-Founder, SafEarth, stated, “Through our advanced tech stack and comprehensive suite of products, SafEarth is driving the transition to sustainable energy sources and helping industries reduce their carbon emissions at scale. The recent funding round not only validates our mission but also empowers us to accelerate product development and expand our reach to new industrial belts across India.”

The company said the platform’s marketplace offers a streamlined, clean energy procurement process for industries, reducing time by 50%, cost by 10%, and eliminating errors. This efficiency translates into over 20% increased project returns for businesses.

Solar Flow, the platform’s project management automation tool, ensures efficient implementation and quality assurance, boasting a 0% project failure rate.

Furthermore, Solar Flow monitors real-time electricity consumption, providing recommendations for cost reduction and long-term sustainable savings.

The company has collaborated with industry giants such as Everest Industries, Ather Energy, and Mondelez India.

SafEarth attests its platform has generated business worth over ₹8 billion (~$97.5 million) for solar installers, reinforcing its impact on the renewable energy ecosystem.

Mercom recently reported on how an increasing number of C&I consumers in Karnataka are opting for open access solar, considering the lucrative savings in power costs and favorable policies.

At the ‘Mercom India Renewables Summit 2023,’ an exclusive event on April 26-27 in New Delhi, industry experts gathered to discuss critical issues, opportunities, and emerging trends related to the use of renewables by industries.