Equilibrium Raises $3 Mn Seed Funding to Scale Carbon Removal Projects

Climate-tech startup Equilibrium has raised $3 million in a seed round led by Kalaari Capital, Peak XV Partners, and Avaana Capital to expand its multi-pathway carbon removal portfolio across India.

The funding will support eight projects in the pipeline spanning agroforestry, regenerative agriculture, mangrove restoration, and biochar. Spread across nine states, the projects will cover 120,000 hectares of land, engage more than 150,000 smallholder farmers, and are expected to generate over 20 million tonnes of verifiable carbon removals.

Founded by Siddhanth Jayaram, Equilibrium integrates carbon science, digital monitoring systems, and community-led execution to deliver high-quality, investment-grade carbon credits while improving climate resilience in agriculture. Its model works with farmer-producer organisations (FPOs), NGOs, and agri-value chain actors, enabling scale across fragmented smallholder landscapes.

The company has already secured a $2 million blended finance facility earlier this year from philanthropic and carbon-finance partners to reduce emissions in paddy and maize supply chains, supporting 10,000 farmers.

Kalaari Capital partner Sampath P said the investment reflects confidence in Equilibrium’s ability to combine carbon science with scalable digital infrastructure to build “high-integrity, long-lived carbon assets.”

Equilibrium said the latest round will strengthen its position as one of India’s leading carbon project developers, while deepening partnerships with global carbon insurers, restoration experts, and agri-research institutions.