India: Alternative binders developer CarbonStrong has raised US$1.31m in a seed funding round co-led by IAN Angel Fund and financial technology fund RainMatter. The proceeds will go towards construction and hiring for CarbonStrong’s first plant. The company is targeting a production capacity of 100,000t/yr by 2029.
CarbonStrong says that its alternative binders are capable of replacing up to 50% of cement in concrete.
