Accacia Bags $6.5 Mn To Offer Decarbonisation Solutions To Realty Firms

SUMMARY

Founded in 2022 by Annu Talreja, Piyush Chitkara and Jagmohan Garg, Accacia offers an AI-enabled SAAS platform that helps real estate asset managers, owners and developers track their emissions, and design their net-zero journey

The platform claims to be allowing customers to measure and benchmark the transitional risks on their portfolios, while the AI-enabled recommendation engine suggests decarbonisation strategies at the asset and portfolio level

Its tech platform integrates with existing property management, energy management and procurement systems to automate real-time data capturing and tracking

Real estate-focused cleantech startup Accacia has raised $6.5 Mn (around INR 54 Cr) in a Pre-Series A funding round led by Illuminate Financial, with participation from AC Ventures and existing investors Accel and B Capital.

Founded in 2022 by Annu Talreja, Piyush Chitkara and Jagmohan Garg, Accacia offers an AI-enabled SaaS platform that helps real estate asset managers, owners and developers track their emissions and design their net-zero journey.

The platform claims to allow customers to measure and benchmark the transitional risks on their portfolios, while the AI-enabled recommendation engine suggests decarbonisation strategies at the asset and portfolio level.

According to the startup, its tech platform integrates with existing property management, energy management and procurement systems to automate real-time data capturing and tracking.

“This funding comes at a crucial juncture as the Securities & Exchange Commission (SEC) and Singapore Exchange (SGX) have announced regulations on carbon emissions’ reporting, underscoring the urgent need for comprehensive and real-time climate risk data. We have already deployed our solution to over 25m sqft of real estate and are poised to leverage this opportunity and scale globally,” said Talreja, founder and CEO, Accacia.

Amid the increasing concerns of global warming, every industry is working on ways to define the decarbonisation strategy.

For quite some time now, India’s cleantech space has been gaining traction from a lot of investors.

Recently, a cleantech startup called Recykal bagged INR 110 Cr as a part of its Pre-Series B funding round to offer cloud-based solutions to its clients that enables transparent and traceable material flows in waste.

To give recognition to the cleantech startups of India and boost the ecosystem, Startup Mahakumbh 2024 also showcased some of the climate tech innovations which have the potential to address the country’s climate challenges. Some of the key areas focussed on by the selected startups were leveraging hydrogen, alternative fuels, energy storage, EVs, water management, green buildings, alt-protein, etc.