altM
Bengaluru, India
◆ About altM
Specialty chemicals startup that converts agricultural residue like rice straw and sugarcane bagasse into chemicals and materials to replace fossil-derived inputs.
◆ What sets it apart
Its proprietary biomass-conversion platform turns low-value lignocellulosic agricultural waste into high-performance specialty chemicals and biomaterials that can substitute for petrochemical-derived inputs.[2][5]
◆ Sectors
◆ Business
Modelhardware
CustomerIndustrial and consumer-goods companies in beauty and personal care, textiles, construction, packaging, and related sectors seeking lower-carbon chemical and material inputs.
◆ Notable
- Raised $10.3 million in Series A funding led by Rainmatter by Zerodha and Mela Ventures.[1][2]
- Developed pilot-scale production and is preparing to expand into commercial manufacturing.[1][5]
- Founded by former Tesla manufacturing leaders Apoorv Garg and Yugal Raj Jain in 2022.[1][4]
◆ Backing funds on Raise
- Theia Ventures Fund 1series-a
◆ Funding rounds
◆ Explore the market
◆ FAQ
What does altM do?
Specialty chemicals startup that converts agricultural residue like rice straw and sugarcane bagasse into chemicals and materials to replace fossil-derived inputs.
Where is altM based?
altM is based in Bengaluru, India, founded in 2022.
How much has altM raised?
altM has raised $10.3M in tracked funding and is currently at the series-a stage.
Who has invested in altM?
Investors in altM include Rainmatter by Zerodha, Mela Ventures, Omnivore, Theia Ventures, Aureolis Ventures and Spectrum Impact.