Mumbai Startup BNZ Green Scores Funding to Shake Up Carbon Credit Market

Team Bnz Green
Preeti Bali / 1:42 pm / March 19, 2024

BNZ Green, a climate-focused startup based in Mumbai, has secured $100,000 in a pre-seed funding round. This investment, spearheaded by Climate Detox, marks a significant step for BNZ Green’s mission to revolutionize the carbon credit market using blockchain technology.

The brainchild of Ashish Jain and Dr. Neha Jain, BNZ Green is building a unique platform that facilitates trading and retirement of carbon credits for project developers, businesses, traders, and even individuals. Their vision is a world where environmental protection is prioritized, and their solutions aim to tackle climate change challenges head-on.

Climate Detox Backs BNZ Green’s Innovative Approach

Gaurav VK Singhvi, representing Climate Detox, commented on the investment: “Taking decisive action against climate change is vital to safeguard ecosystems, promote sustainable development, and reduce the widespread impacts we’re facing. Carbon credits play a crucial role in combating deforestation, and achieving the ambitious Paris Agreement goals requires a significant expansion of carbon markets – a 15-fold increase by 2030. This is a critical pathway to a sustainable future.”

He continued, praising BNZ Green’s pioneering role: “By leveraging cutting-edge blockchain technology, they’re positioned to transform the voluntary carbon market. This strategic approach not only improves liquidity and transparency but also directs funds towards essential conservation efforts, reforestation projects, and ecosystem restoration. Furthermore, BNZ Green supports creative carbon reduction and removal initiatives in developing nations.”

BNZ Green CEO Outlines Plans for the Funds

Ashish Jain, co-founder and CEO of BNZ Green, expressed his enthusiasm: “This funding empowers us to not only expand our carbon credit marketplace but also solidify our commitment to accelerating the shift towards a low-carbon economy. This collaboration strengthens our collective fight against climate change and fosters environmental stewardship. We’re excited to partner with Climate Detox, leveraging their expertise and global network to create a platform offering accessible and effective environmental preservation solutions. By harnessing blockchain technology, we aim to inspire and unite individuals and businesses in achieving Net-Zero status.”

The funds will be strategically allocated towards platform development and marketing initiatives, with a focus on improving user experience and boosting brand awareness. BNZ Green’s goal is to unite individuals and businesses in pursuit of Net-Zero goals. Through strategic partnerships and their experienced advisory board, they aim to drive meaningful change in the fight against climate change.

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