Fitsol, a ClimateTech startup focusing on decarbonisation for the manufacturing sector, has successfully raised $1 million in a seed funding round led by Transition VC. This funding marks a significant milestone for the company, which aims to help manufacturers measure, report, and reduce their carbon emissions using its innovative platform, Kyoto, and a comprehensive sustainability marketplace.
What is Fitsol
Founded in 2022 by Anand Pathak, Akshay Tandon, Manoj Sharma, Sunil Bansal, and Vikas Kalra, Fitsol has quickly established itself as a trusted partner in the decarbonisation journey for manufacturers. Its AI-driven platform, Kyoto, tracks emissions across Scope 1, 2, and 3, providing actionable insights for companies aiming to achieve net-zero targets.
The platform also includes a sustainability marketplace offering solutions such as green logistics, sustainable packaging, eco-friendly procurement, waste management, and carbon offsetting. This integrated approach simplifies the process for businesses to adopt sustainable practices while reducing their overall carbon footprint.
Focus on Scope 3 Emissions
Anand Pathak, Founder and CEO of Fitsol, highlighted the company’s commitment to addressing Scope 3 emissions, which account for 70-90% of a company’s carbon footprint. He stated, “Our goal is to go beyond measuring emissions. By collaborating with manufacturers, we implement practical solutions in areas like transportation, packaging, and waste management. This not only helps businesses achieve sustainability goals but also turns sustainability into a competitive advantage. We’ve proven that decarbonisation can align with cost efficiency, making it a smart business strategy.”
Use of Seed Funding
Fitsol plans to use the $1 million raised to accelerate growth in three key areas:
- Enhancing Kyoto’s AI Capabilities: The company will invest in advanced analytics and modules for lifecycle assessments and product carbon footprints. These upgrades aim to align the platform with global compliance frameworks.
- Expanding Operations: Fitsol will hire top talent in technology, business development, and customer success to support its growing client base.
- Building a Unique Marketplace: Funds will also be allocated to develop a first-of-its-kind sustainability solutions marketplace tailored specifically for B2B clients.
Geographical Expansion Plans
While India remains Fitsol’s core market, the company is preparing to expand internationally, starting with the Middle East. Fitsol aims to manage 500 million tonnes of carbon emissions in supply chains over the next two years, positioning itself as a global leader in manufacturing decarbonisation.
Shoeb Ali, Co-founder and Managing Partner at Transition VC, expressed confidence in Fitsol’s potential. He said, “Fitsol is creating a future-ready platform that helps businesses manage and reduce their carbon footprints. By focusing on Scope 3 emissions, Fitsol addresses the most significant source of carbon emissions for most industries. Their cost-effective solutions for logistics, supply chains, and packaging make them a game-changer.”
Raiyaan Shingati, another Co-founder and Managing Partner at Transition VC, added, “Indian industries are dedicated to achieving net-zero goals, but cost challenges often hinder progress. Fitsol bridges this gap by offering solutions that reduce costs while cutting carbon emissions, helping India move closer to its climate targets.”
Fitsol’s innovative approach to decarbonisation, backed by its AI-powered platform and sustainability marketplace, is setting new standards in the manufacturing industry. With fresh funding from Transition VC, the company is poised for significant growth, both in India and internationally. By enabling businesses to align sustainability with cost efficiency, Fitsol is not just addressing environmental challenges but also helping industries thrive in a sustainable future.
As the world moves toward a greener economy, Fitsol’s efforts highlight the importance of innovation and collaboration in achieving global climate goals.
