Fitsol, a decarbonisation platform designed for the manufacturing industry, has raised $1 million in a seed funding round from Transition VC.
The funds raised will be used to enhance its its AI-driven platform, Kyoto’s 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.
Fitsol will also used to build the first-of-its-kind sustainability solutions marketplace, tailored specifically for the B2B segment.
Speaking about the funding, Anand Pathak, Founder & CEO, Fitsol said, “As a bootstrapped company for over 2 years, Fitsol has become a trusted decarbonisation partner for the manufacturing industry, committed to creating lasting impact. 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. This enables businesses to make significant strides in their sustainability efforts while leveraging sustainability as a competitive advantage. Our solutions have proven that decarbonisation and cost efficiency can go hand in hand, making sustainability not just an environmental obligation but a smart business strategy.”
Shoeb Ali, Co-founder & Managing Partner, Transition VC, said, “Fitsol is building a carbon platform for the future that provides customers with solutions for carbon footprint management including carbon reporting, monitoring, auditing, reduction, and offset of carbon emissions. The platform 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.”
Transition VC’s other Co-founder & Managing Partner, Raiyaan Shingati, added, “Indian industries are committed to achieving net-zero, but the journey is often hindered by cost constraints. Fitsol bridges this gap by enabling businesses to reduce costs while cutting their carbon footprint, driving India closer to its climate goals.”
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.
While Kyoto tracks emissions across Scope 1, 2, and 3, the marketplace offers solutions such as green logistics, sustainable packaging, eco-friendly procurement, waste management, and carbon offsetting services – streamlining the path to achieving net-zero targets.
Fitsol’s end-to-end approach not only simplifies decarbonisation efforts but also demonstrates its financial viability. It claims to have consistently delivered 15–20% cost savings across its carbon reduction projects, shattering the industry’s misconception that sustainability is prohibitively expensive.
It claims that it is currently managing about 300+ million kgCO2e for the existing clients.
Fitsol caters to industry leaders like JK Tyre, JBM Group, Rockman Industries, Hindware, Musashi, and Penguin Random House India. It also plays a crucial role in the supply chains of major automotive brands such as Mahindra, Suzuki, Hero Motorcorp, Royal Enfield, OLA Electric, and Ather by managing the value stream of their trusted suppliers who manufacture key components and parts.
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.
