Mumbai: Schneider Electric Energy Access Asia (SEEAA), the impact investment arm of Schneider Electric, has announced a follow-on investment in Bangalore-based climate-tech venture Carbon Masters, reinforcing its commitment to clean energy and sustainable innovation. The announcement was made on Friday.
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According to Schneider Electric, the fresh capital will be used to scale biomethane production, expand the company’s bio-manure portfolio, and improve operational efficiency. At full scale, Carbon Masters’ solutions are expected to eliminate nearly 270,000 tonnes of CO₂ emissions annually by 2030.
Deepak Sharma, Zone President – Greater India, MD & CEO, Schneider Electric India, said the investment reflects the company’s mission to accelerate the transition to a low-carbon economy. “Through Schneider Electric Energy Access Asia, we’re proud to back Carbon Masters, whose integrated approach to waste-to-energy and sustainable agriculture is driving measurable progress toward a circular, low-carbon economy,” Sharma said.
Gilles Vermot Desroches, Senior Vice President of Corporate Citizenship at Schneider Electric, added that investing in clean energy startups helps create lasting social impact while enabling the next generation of climate-tech businesses to become impact makers.
Carbon Masters CEO and co-founder Som Narayan said the company has already achieved EBITDA-positivity across most of its operating units and turned PAT-positive in FY 2024–25. “With this infusion of capital, we aim to further improve operational efficiency, consistently deliver high operating margins at each unit level, and strategically prepare for our next phase of scale,” he said.
The funding round also saw participation from Sangam Ventures, Indian Angel Network, and individual investors including Sriram Shankaran, Managing Director of Synchron Group, and Muthu Murugappan, CEO of Murugappa Group. As part of the deal, SEEAA’s Vikram Raman and Synchron Group’s Sriram Shankaran will join the board of Carbon Masters.
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Established in 2019, SEEAA has invested in 13 startups across South and Southeast Asia, which together have avoided 1.7 million tonnes of CO₂ emissions and created over 1,200 green jobs.