BiofuelCircle, a Pune-based cleantech startup, has successfully secured an undisclosed amount in a recent funding round led by early-stage investor Mumbai Angels. The investment marks a significant step towards advancing the cause of biofuels and promoting sustainable practices within the energy sector.
Empowering Bioenergy Supply Chains:
Founded in 2020, BiofuelCircle has emerged as a pivotal player in the cleantech space. The startup specializes in providing an innovative platform dedicated to biomass and biofuel supply chains. Through its web and mobile applications, BiofuelCircle aims to bridge the gap between buyers and sellers, offering digital tools that contribute to the creation of sustainable and scalable business models for bioenergy companies.
Mumbai Angels’ Strategic Investment:
Expressing optimism about the investment, Mumbai Angels highlighted the potential impact on industries committed to the advancement of biofuels. The undisclosed funding amount reflects the confidence and belief in BiofuelCircle’s mission to revolutionize the bioenergy landscape.
Previous Funding Success:
This isn’t the first time BiofuelCircle has attracted investments. In 2022, the startup raised $750,000 in a seed funding round. The funding came from notable entities, including Spectrum Impact, Better Capital Ventures, and angel investors such as Shridhar Shukla.
Driving Sustainability with Digital Innovation:
BiofuelCircle’s commitment to sustainability extends beyond its funding successes. The startup’s digital platform plays a crucial role in enhancing the efficiency and accessibility of bioenergy supply chains. By leveraging technology, BiofuelCircle contributes to building a more sustainable and eco-friendly future for the energy sector.
