Intrinsic Foundries, a carbon-to-value biomanufacturing platform that transforms industrial carbon waste into premium biochemicals utilizing proprietary microbial biorefinery expertise, has raised Rs 12 crore ($1.4 million) in a seed funding spherical led by Transition VC.

The startup will deploy this capital to execute industrial pilots, broaden analysis, and file IPs. Moreover it additionally plans to scale its engineering and business groups, strengthen manufacturing capabilities, and set up its US entity to assist international market growth.

Based in 2023 by Shreyansh Jain, Sanjay Jain, and Umang Jain, Intrinsic Foundries is a carbon-to-value biomanufacturing platform that converts industrial emissions, effluents, and residues into premium biochemicals utilizing proprietary microbial biorefinery methods, modular photobioreactors, and built-in automation.

The startup permits scalable, revenue-positive decarbonization whereas supplying sustainable elements and supplies throughout a number of international industries.

Shreyansh Jain, founding father of Intrinsic Foundries, mentioned, “Carbon isn’t waste. It’s a useful resource ready to be reworked. The economics of carbon seize have been damaged for many years as a result of the trade has been making an attempt to bury the issue underground. At Intrinsic, we’re utilizing nature-based organic methods to transform industrial emissions into the elements that go into your dietary supplements, your meals, and your skincare.”

The startup claims that it maintains strategic R&D partnerships in the USA and Germany, bringing collectively course of engineers, scientists, and automation specialists working on the intersection of biomanufacturing and industrial biotechnology.

“To attain our net-zero targets by 2070, the main focus must be on decreasing carbon emissions from “hard-to-abate” sectors—metal, cement, refineries, and chemical compounds. The one possible possibility to cut back emissions in these hard-to-abate sectors is Carbon Seize, Utilisation, and Storage (CCUS). However within the context of CCUS, adoption is constrained by unfavourable unit economics and better capital expenditure (capex) prices. Intrinsic Foundries Expertise helps seize CO2 from Industrial sources utilizing microalgae within the upstream and convert it into high-value biochemicals,” mentioned Shantanu Chaturvedi, Companion at Transition VC.

“By utilising the captured carbon, Intrinsic Foundries’ expertise platform generates high-value biochemicals for the Pharmaceutical, Nutraceutical, and beauty Industries. Within the latest finances, India has dedicated Rs 20,000 crore (~$2.4 billion) over 5 years to scale up Carbon Seize, Utilisation, and Storage (CCUS). This may quickly advance CCUS, and we consider Intrinsic is well-positioned to seize a major share of the market,” Shantanu added.

Over the following 12-24 months, the startup plans to fee a number of industrial pilots and operationalise its first one-ton-per-day business plant.

It would additionally broaden its patent portfolio, generate cumulative revenues from pilots and biochemical merchandise, and deepen worldwide market entry. In the long term, Intrinsic goals to determine carbon-to-value biomanufacturing infrastructure as a foundational layer of worldwide industrial decarbonization.