A technology platform sentra.world powering ESG for industrial businesses to achieve net-zero emissions has raised $2 million in seed funding. Avaana Capital, a notable early-stage climate-tech venture capital firm in India, led the funding round.
ESG SaaS platform sentra.world's suite of products intends to assist industrial organisations in managing greenhouse gas (GHG) emissions from their operations, supplier emissions (scope 3), and emissions at the holding company level in response to this critical requirement.
Global emissions are largely attributed to industrial sectors such as aluminium, steel, cement, and chemicals, which account for approximately 38 per cent of global emissions. As one of the most emissions-intensive manufacturing sectors, aluminium contributes 2 per cent of the total greenhouse gas emissions. More than 70 per cent of its energy consumption comes from fossil fuels.
Sector-specific measurement methodologies, emissions reduction models, intuitive dashboards, worldwide reporting standards, and gamified data reporting are available through sentra.calculus, sentra.network, and sentra.portfolio. These resources enable industrial companies to lower their carbon footprint and contribute to a more sustainable future.
Harsh Choudhry, the Co-Founder and CEO of sentra.world, said, "Our goal is to empower global industrial businesses on their net-zero journeys through sector-specific SaaS products."
"By prioritizing Scope 3 emissions, we drive sustainability across the value chain for industrial businesses in India, the Middle East, and Southeast Asia, with future expansion into Europe. We aim to have 500 industrial companies and 500,000 suppliers as valued customers, managing 1% of global emissions within five years."
sentra.world's efforts to give businesses cutting-edge solutions, industry intelligence, and tools to easily track supplier emissions, improve green sourcing, and minimize their environmental effect will be accelerated by seed funding. The organization is eager to embark on this sustainable journey and have an excellent long-term environmental impact.
Anjali Bansal, the Founding Partner at Avaana Capital, said, "We are excited to lead the seed funding round for sentra.world and support their groundbreaking efforts in Scope 3 emissions management."
The seed funding amount will be used to accelerate sentra.world's global expansion, platform development, and sectoral intelligence augmentation. While devoted to sustainability and net-zero goals, the company hopes to serve industrial businesses in India, the Middle East, Southeast Asia, and beyond.
The latest AL Circle industry-focused outlook report series, 'Sustainability in the Global Aluminium Industry', reveals that technology is crucial in driving the aluminium industry to achieve sustainability, reduce emissions and carbon footprint, and shift towards renewable, clean energy sources.
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