Blockchain-Based Climate solutions startup BNZ Green secures its pre-seed funds worth USD 100K from Climate Detox and Others. The round is led by Climate Detox with participation from some angel investors.
BNZ Green is the brainchild of Ashish Jain (Co-Founder and CEO) and Dr. Neha Jain (Co-Founder and COO). Ashish brings over 24 years of expertise in operations, business expansion, and team management in Investment Banking and Financial Services.
Neha Jain, with a PhD. specializing in blockchain technology, has over 15 years of dedicated experience in harnessing cutting-edge innovations to address complex challenges across diverse industries.
Together, Ashish and Neha share a vision of creating a world where projects, individuals, and organizations are motivated to preserve the environment and contribute to a sustainable future.
Mumbai based startup presents a distinctive opportunity for project developers, traders, businesses, and individuals to trade and retire carbon credits, marking a remarkable departure from traditional markets seamlessly, transparently, and cost-effectively.
Beyond offering a unique trading platform, BNZ Green provides carbon footprint accounting tools for individuals and companies, actively contributing to the global transition towards a net-zero carbon economy. The startup’s flagship product, BNZ X, is a blockchain-based Carbon Credit Marketplace aiming to revolutionize the carbon credit market.
The fund raised will be utilized strategically for platform development and marketing initiatives. A significant portion of the investment will enhance the capabilities of the BNZ X platform, ensuring it remains at the forefront of technological innovation.
The focus is on improving user experience, functionality, and scalability, with an emphasis on refining both user interfaces and backend infrastructure.Simultaneously, a substantial share of the funds will be dedicated to comprehensive marketing initiatives.
These efforts aim to increase brand visibility and engage with the target audience effectively. Marketing strategies will include digital campaigns, strategic partnerships, and a multifaceted approach across online and offline channels. The goal is not only to attract new users but also to foster a sense of community around the BNZ Green platform.
Gaurav VK Singhvi from Climate Detox, expressed, “Decisive climate action is indispensable to mitigate the extensive impacts of climate change, safeguarding ecosystems and promoting sustainable economic development.
“The pivotal role of carbon credits in combating deforestation therefore cannot be overstated. Meeting the ambitious targets outlined in the Paris Agreement necessitates a substantial 15-fold expansion of carbon markets by 2030, forming a critical pathway to a sustainable future.
“BNZ Green stands as a trailblazer, utilizing cutting-edge technology and blockchain to revolutionize the voluntary carbon market. This strategic approach not only enhances liquidity and transparency but also channels capital directly into crucial conservation initiatives, reforestation projects, and ecosystem restoration efforts. Additionally, BNZ Green actively champions innovative removal and reduction projects in developing regions,” Singhvi said.
Ashish Jain, Co-Founder and CEO, BNZ Green, said, “This infusion of funds empowers BNZ Green not only to expand our carbon credits marketplace but also to strengthen our dedication to facilitating the transition to a low-carbon economy. This backing reinforces our collective commitment to combating climate change and nurturing environmental stewardship.
“We are excited about our collaboration with Climate Detox, leveraging their rich expertise and esteemed global network to create a platform that offers accessible and effective ways to preserve the environment. Using blockchain technology, we aim to inspire and unite individuals and businesses in achieving Net-Zero status,” Jain said.
The platform has secured pivotal strategic collaborations with so many industry veterans and created a strong team with a strong advisory board.