ClimateTech Startup Fitsol raises $1 Million in Seed Funding from Transition VC
With a vision to manage 500 million tonnes of carbon emissions, Fitsol is set to expand globally, starting with the Middle East while strengthening its capabilities and services in sustainable solutions
Fitsol, a pioneering decarbonisation platform designed for the manufacturing industry, has announced to have secured $1 million from Transition VC in seed funding round.
Founded in 2022 by Anand Pathak, Akshay Tandon, Manoj Sharma, Sunil Bansal, and Vikas Kalra, Fitsol enables manufacturers to measure, report, benchmark, and actively reduce their carbon emissions through its AI-driven platform, Kyoto, and a comprehensive sustainability marketplace.
Fitsol’s end-to-end approach not only simplifies decarbonisation efforts but also demonstrates its financial viability. It has consistently delivered 15–20% cost savings across its carbon reduction projects, shattering the industry’s misconception that sustainability is prohibitively expensive.
With a growing portfolio of marquee clients, Fitsol caters to industry leaders and also plays a crucial role in the supply chains of major automotive brands. Through these efforts, Fitsol claims to have earned a reputation as a trusted decarbonization partner in the manufacturing ecosystem.
Anand Pathak, Founder & CEO, Fitsol said, “Our vision goes beyond measuring and reporting carbon emissions to actively reducing Scope 3 emissions, which account for 70-90% of a company’s carbon footprint. By collaborating with manufacturers, we implement practical solutions across transportation, packaging, warehousing, waste management, and other critical areas.”
Deployment of Fresh Capital
Fitsol will deploy the raised capital to accelerate growth across three key areas. It will invest in enhancing Kyoto’s AI capabilities to offer advanced analytics and modules for lifecycle assessments and product carbon footprints, ensuring its technology aligns with global compliance frameworks. Fitsol also plans to expand its operations by hiring top talent in technology, business development, and customer success to cater to its rapidly growing client base. Moreover, the company will allocate funds to build the first-of-its-kind sustainability solutions marketplace, tailored specifically for the B2B segment.
Geographical expansion is also a priority, with India remaining the core market while international operations kick off in the Middle East. The company aims to manage 500 million tonnes of carbon emissions in supply chains within the next two years, positioning itself as a global leader in the manufacturing industry’s decarbonisation.
Shoeb Ali, Co-founder & Managing Partner, Transition VC, said, “Fitsol helps corporates and MSMEs identify carbon heat maps, benchmark emissions against their peers, and eventually reduce their footprint. While many platforms exist, Fitsol stands out by focusing on Scope 3 emissions, which account for over 70% of carbon emissions in most industries. Their cost-effective solutions for reducing carbon footprints in logistics, supply chain, and packaging make them a game-changer in the industry.”
By seamlessly integrating technology, services, and execution capabilities, Fitsol claims to be redefining sustainability for the manufacturing sector, empowering businesses to drive meaningful change while making decarbonisation an achievable and cost-effective reality.
