Business · India Bureau
Bengaluru startup altM secures $10.3 million for agricultural waste conversion
The technology company plans to scale manufacturing operations as it transitions agricultural residue-based chemical products to full commercial production. The funding round will support capacity expansion across its production facilities.
LSN India ·
altM, a Bengaluru-based startup focused on converting agricultural residue into industrial chemicals, has raised $10.3 million in funding to accelerate its growth trajectory. The capital infusion marks a significant milestone for the company as it moves from development phase to commercial-scale operations.
The company has developed a technology platform that transforms agricultural waste—a byproduct abundant across India's farming regions—into viable industrial chemical inputs. This approach addresses twin challenges: managing agricultural residue disposal and creating sustainable alternatives to conventional chemical production methods.
According to the company, the fresh funding will primarily support expansion of its manufacturing capabilities. altM intends to increase production capacity to meet anticipated demand from industrial clients seeking sustainable chemical sourcing options.
The move reflects growing investor interest in climate-tech and circular economy solutions within India's startup ecosystem. Agricultural residue management remains a significant environmental concern, particularly in major farming states where stubble burning contributes to seasonal air quality deterioration.
altM joins a growing cohort of Indian startups leveraging agricultural waste streams for value creation, positioning itself at the intersection of sustainability, manufacturing, and industrial supply chains.