About New Era Cleantech
New Era Cleantech is a company based in Mumbai (India) founded in 2020 by Gopi Latpate.. New Era Cleantech has raised $1.94 million across 1 funding round from investors including ABR Entrepreneur, Nihit Agarwal and Ajay Babulal Agarwal. The company has 1 employees as of March 26, 2024. New Era Cleantech offers products and services including Gasification Technology and Carbon Capture Services.
- Headquarter Mumbai, India
- Employees 1 as on 26 Mar, 2024
- Founders Gopi Latpate
- Stage Minicorn
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Sectors
Environment
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name New Era Cleantech Solution Private Limited
- Date of Incorporation 02 Jun, 2022
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$14.05 K (USD)0as on Mar 31, 2023
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Net Profit
$-116.16 K (USD)0as on Mar 31, 2023
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EBITDA
$-99.72 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$1.94 M (USD)
in 1 rounds
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Latest Funding Round
$1.94 M (USD), Series A
Dec 07, 2022
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Investors
ABR Entrepreneur
& 3 more
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Employee Count
1
as on Mar 26, 2024
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Products & Services of New Era Cleantech
New Era Cleantech offers a comprehensive portfolio of products and services, including Gasification Technology and Carbon Capture Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Syngas and value-added chemicals are produced through advanced gasification for industrial applications
Carbon capture and utilization are implemented to decarbonize sectors like power and chemicals
Funding Insights of New Era Cleantech
New Era Cleantech has successfully raised a total of $1.94M through 1 strategic funding round. The most recent funding activity was a Series A round of $1.94 million completed in December 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $1.9M
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First Round
First Round
(07 Dec 2022)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Series A - New Era Cleantech | Valuation | Nihit Agarwal , Ajay Babulal Agarwal |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in New Era Cleantech
New Era Cleantech has secured backing from 4 investors, including institutional and angel investors. Prominent investors backing the company include ABR Entrepreneur, Nihit Agarwal and Ajay Babulal Agarwal. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Consumer goods are wholesaled by ABR Entrepreneur in India.
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Founded Year | Domain | Location | |
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NA
Nihit Agarwal |
Angel investor and entrepreneur, focused on tech startups in India.
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Founded Year | Domain | Location |
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AB
Ajay Babulal Agarwal |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by New Era Cleantech
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - New Era Cleantech
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
New Era Cleantech Comparisons
Competitors of New Era Cleantech
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about New Era Cleantech
When was New Era Cleantech founded?
New Era Cleantech was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is New Era Cleantech located?
New Era Cleantech is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is New Era Cleantech a funded company?
New Era Cleantech is a funded company, having raised a total of $1.94M across 1 funding round to date. The company's 1st funding round was a Series A of $1.94M, raised on Dec 07, 2022.
How many employees does New Era Cleantech have?
As of Mar 26, 2024, the latest employee count at New Era Cleantech is 1.
What is the annual revenue of New Era Cleantech?
Annual revenue of New Era Cleantech is $14.05K as on Mar 31, 2023.
What does New Era Cleantech do?
New Era Cleantech was founded in 2020 and is based in Mumbai, India. Operations focus on the cleantech sector, where clean gasification technology is developed for converting coal and other raw materials into essential chemical feedstocks. These feedstocks support the production of urea and hydrogen. Services are targeted at industrial applications requiring sustainable energy solutions.
What products or services does New Era Cleantech offer?
New Era Cleantech offers Gasification Technology and Carbon Capture Services.
Who are New Era Cleantech's investors?
New Era Cleantech has 4 investors. Key investors include ABR Entrepreneur, Nihit Agarwal, Ajay Babulal Agarwal, and Gopi Latpate.
What is New Era Cleantech's valuation?
The valuation of New Era Cleantech is $2.92M as of Dec 2022.