2030 Finance | June 11, 2019

Chakr Innovation raises $2.7 million to cut India’s air pollution

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, June 11 – Indian cities are notorious for their high levels of air pollution, with Delhi ranking the worst of any capital city in the world. A Delhi-based startup, Chakr Innovation, is trying to change that by capturing emissions from diesel generators and converting the carbon into usable products, like pigments for paint and ink.

The company’s product, Chakr Shield, is being used at 70 sites in Delhi, Pune and Bangalore, by Indian Oil Corporation, Hindustan Petroleum, and other companies, YourStory reports.

Chakr has raised 190 million rupees ($2.7 million) to help expand its reach to an additional nine cities in the next 18 months. Indian Angel Network Fund led the round with participation from prior investor IDFC-Parampara Fund.