CarbonEthics co-founders
CarbonEthics, an Indonesia-based developer of tech-enabled natural climate solutions, has completed a US$2.1 million seed round of financing led by Intudo Ventures, with participation from several strategic angel investors.
Led by Bimo Soewadji (CEO), Jessica Novia (Chief Impact Officer), and Innandya Kusumawardhani (COO), CarbonEthics blends environmental impact and commercial impact to restore natural ecosystems, help businesses on their decarbonisation journey, and create new revenue sources.
Also Read: What is left behind in our conversation on climate change
The 5-year-old company is working to regenerate destructed forests into protected forests, combining grassroots approaches with technology. It also advances social impact by directly enhancing the livelihoods of local community partners and thriving biodiversity.
CarbonEthics offers three core solutions:
- Nature-based carbon projects: protecting ecosystems to sequester carbon, enhance community livelihoods, and safeguard biodiversity.
- Tree planting: supporting ecosystem rehabilitation efforts, focusing on blue carbon ecosystems.
- Carbon consultancy: offering ESG (environmental, social and governance) and policy advisory to help clients meet carbon reduction targets and comply with relevant regulations.
One of CarbonEthics’s notable features is its holistic approach to nature-based carbon projects under the CCB (carbon, community, and biodiversity) metrics. Its projects are designed to deliver measurable benefits across all three areas beyond carbon.
The climate tech startup taps into Southeast Asia, a region projected to provide approximately 30 per cent of the world’s carbon offset supply by 2030 through nature-based solutions.
CarbonEthics partners with various stakeholders from private companies, state-owned enterprises, government agencies, and non-governmental organisations to assist them in their decarbonisation journey. It has also established strategic partnerships at the international, national and local levels, such as with Form International, the Indonesian Chamber of Commerce and Industry (KADIN), and Transjakarta.
To date, the Jakarta-based venture has completed carbon project pre-feasibility studies for over 4,200,000 hectares of land with a carbon project potential of more than 1 million tonnes of verified carbon units CO2e/year, while planting approximately 288,000 biotas—mangroves, seagrasses, seaweeds, and corals.
The company has partnered with over 300 businesses and institutions, supporting 284 beneficiaries, 22 per cent of whom are women.
With this round of financing, the startup will enhance its portfolio by securing additional carbon projects and recruiting top-tier technical experts to better serve its clients’ needs. By 2030, it aims to protect and restore 8 million hectares of land under management and deliver more than 160 million tonnes of CO2e impact while creating a sustainable economy for more than 50,000 local beneficiaries and restoring biodiversity.
In 2023, CarbonEthics raised US$220,000 in pre-seed funding from Spiral Ventures and Ecoxyztem.
—
The post CarbonEthics nets US$2.1M to restore natural ecosystems using tech appeared first on e27.