Neo San, a leading cleantech startup specializing in energy-efficient waste management solutions, has successfully raised $1.5 million in a seed funding round. The funding, which values Neo San at $7.2 million post-money, was led by prominent investors including Ashish Kacholia, Apurva Damani, and Anirban Lahiri, among others.
Founded in 2022 by Dhwaj Bagrecha, Alistair D’rozario, and Navrun Jacob, Neo San focuses on pioneering technologies for hazardous waste disposal and carbon reduction. The startup’s flagship product, Neo-X, is a decentralized waste incinerator that uses clean energy to treat waste directly at its source, achieving a remarkable 90% reduction in emissions compared to conventional methods.
“This funding round will enable us to scale our technologies nationwide and build decentralized networks for efficient waste management,” stated Dhwaj Bagrecha, Co-Founder and CEO of Neo San. “Our goal is to empower cities across India to manage waste locally, thereby reducing overall emissions significantly.”
Neo San boasts a diverse client base including leading corporations such as Airtel, Microsoft, and Accenture, as well as collaborations with Tata Steel, Bangalore International Airport, and several state governments. The startup has already disposed of over 100 tons of sanitary waste, offsetting more than 200 tons of harmful emissions.
In an upcoming development, Neo San is set to launch an advanced modular incinerator capable of processing one ton of toxic waste per day. This innovation aims to enhance incineration efficiency for key industries like pharmaceuticals, textiles, and chemicals, reinforcing Neo San’s commitment to sustainable waste management practices.
With these initiatives, Neo San continues to lead the charge towards a cleaner, more sustainable future, leveraging innovative technologies to address critical environmental challenges nationwide.