Climate Tech startup Aurassure raises Rs 4 cr in seed round from Unicorn India Ventures, ET EnergyWorld
New Delhi: Bhubaneswar-based climate technology startup Aurassure announced it has raised Rs 4 crore in a seed funding round led by Unicorn India Ventures.
The funds raised will be deployed to strengthen product capabilities by creating a data analytics team, acquiring product certifications for international scaling, and sales team expansion for growing reach to multiple cities.
Aurassure systems collect data and analyse it to provide forecasts and updates on disasters and weather patterns like floods, air pollution, and rainfall. The Company has onboarded clients including Tata Realty, L&T Realty, P&G, Honeywell, IIT Bombay and Google. It has witnessed a 40 per cent QoQ growth and has expanded its operations to Bhubaneswar, Chennai, Aurangabad, Rajkot and Delhi.
“Our vision goes beyond data collection. We aim to be instrumental in policy-level decision-making by providing vital insights to form responsible environmental practices,” Co-founder & CEO Akanksha Priyadarshini said.
The Company recently launched Aurassure Care, an air quality monitoring device for indoor environment monitoring that can be integrated with BMS and air purification solutions. It can also enhance the green ratings of commercial spaces. The Company also has products like Aurassure Trust for flood monitoring designed to provide crucial and timely insights for flood-prone areas and Aurassure Infra for outdoor air quality weather and GHG monitoring.
“Although the global environment monitoring market is valued at over $12 billion, of the 1.4 million devices needed just for air quality monitoring, only 3% are operational, underscoring the urgent need for action and the vast market potential,” said Bikram Mahajan, Partner, Unicorn India Ventures.
The company plans to multiply its earnings six times in 2024. In the next 12–18 months, it aims to deploy 1,000 sensor devices in eight cities across the country. It is also targeting to expand in Southeast Asia and Africa, and subsequently, into Europe and the United States.
- Published On Sep 20, 2023 at 11:21 AM IST
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