BiofuelCircle funding, investors and company details

BiofuelCircle is an emerging Power and Energy - Bio startup from Pune, working in the space of A digital marketplace platform connecting biomass suppliers, biofuel producers, and industrial buyers in a farm-to-fuel ecosystem. Founded by Suhas Baxi, Ashwin Save.

Company: BiofuelCircle Venture Private Limited
Sector: Power and Energy - Bio
Location: Pune
Founders: Suhas Baxi, Ashwin Save
Total funding raised: ₹383.34 Cr

Company overview

BiofuelCircle operates as a digital marketplace platform connecting biomass suppliers, biofuel producers, and industrial buyers in a farm-to-fuel ecosystem. Core activities include facilitating real-time trading of agricultural residues through web and mobile apps, enabling price discovery, logistics coordination, quality assurance via standardized testing, and digital payment settlements. It manages rural aggregation networks with storage warehouses, incentivizes farmer participation for residue collection, provides supply chain analytics for demand forecasting, and supports scalable bioenergy transactions to streamline production and distribution processes.

Funding rounds

Latest round (Series A): $ 45.00 Mn (₹377.42 Cr.), 2024-08-08. Investors: Spectrum Impact, Better Capital
Past round: $ 0.75 Mn (₹5.92 Cr.), 2022-06-28. Investors: Better Capital