Climate Tech Firm Newtrace and Agritech Startup Verdant Impact Raise Fresh Capital

Climate Tech Startup Newtrace Secures USD 6.3 Mn Funding

Climate tech startup Newtrace has raised USD 6.3 million (INR 56.93 crore) in a pre-Series A funding round led by HDFC Bank and Mitsui Sumitomo Insurance Venture Capital.

The round also saw participation from Peak XV Partners’ Surge, Aavishkaar Capital, Speciale Invest, Micelio Technology Fund, and angel investors Manish Prataprai Gandhi and Renu Manish Gandhi.

The startup plans to use the funds to scale pilot manufacturing, validate its technology with customers, and expand its engineering and manufacturing capabilities.

Founded in 2021 by Prasanta Sarkar and Rochan Sinha, Newtrace develops electrode and electrolyzer technologies aimed at improving green hydrogen production. Its proprietary electrode platform, Voltagen, is designed for alkaline water electrolyzers and aims to improve energy efficiency, extend system lifetime, and reduce hydrogen production costs.

The company mainly supplies high-performance electrodes to electrolyzer manufacturers, hydrogen project developers and industrial gas companies. Its Voltagen electrodes are designed as drop-in replacements for conventional electrodes, allowing producers to upgrade system performance without redesigning existing electrolyzers. Newtrace expects to begin initial commercial deliveries within the next 12 months.

Agritech Startup Verdant Impact Raises USD 3 Mn

Agritech startup Verdant Impact has raised USD 3 million in a seed funding round led by Unicorn India Ventures. The round also saw participation from Infynyte Club, Yash Kotak, Alok Soni and a-IDEA NAARM.

The startup said the funds will be used to expand its team, strengthen its presence in North and North-East India, and support research and development. It also plans to enhance its Pashu.AI platform and upgrade its technology infrastructure with blockchain integration.

Founded by Manish Kumar, Verdant Impact develops artificial intelligence-based solutions for livestock management and bovine genetics. Its offerings include Pashu.AI, a platform that supports livestock health monitoring, genetic tracking and farm management, and Bharat Pashudhan, an IoT-enabled device designed for herd monitoring.

The startup said it has served more than six lakh farmers and reported eightfold revenue growth since its previous funding round in March 2025. Verdant Impact aims to reach INR 100 crore in revenue in FY26 while remaining profitable.

It is also working on initiatives such as the India Methane Mission, which focuses on reducing methane emissions from dairy farming and enabling carbon credit opportunities for farmers.