# BiofuelCircle Pvt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/biofuelcircle-pvt

- Industry: Internet
- Headquarters: Pune, India
- Website: www.biofuelcircle.com
- Total disclosed funding: $0.7M
- Latest round: Seed (May 4, 2022)
- Investors on record: 2

## About

Based in Pune, India, and founded in 2020, BiofuelCircle Pvt. Ltd. is an online marketplace dedicated to biomass and biofuels. In June 2022, BiofuelCircle raised USD 0.75 million in Seed funding from Better Capital and Spectrum Impact. Suhas Baxi (CEO) and Ashwin Save (CTO) are the co-founders of the company.

The company provides a disruptive and transformational digital platform connecting diverse participants of bioenergy supply chain through a digital ecosystem where individuals and businesses buy and sell, transact, schedule, deliver, transport, and settle payments.

The firm offers services including discovery services, delivery services, verification services, and trade finance. BiofuelCircle serves farmers, rural businesses, biomass processors, bioenergy companies, industrials, transport, and finance.

The company generates revenue through its subscription plans, including the business plan for INR 1,00,000 per year per business location; the bioenergy plan for INR 5,00,000 per year per business location; and the enterprise plan for INR 15,00,000 per year per circle.

The organization plans to use the June 2022 funds to expand its business reach, widen its digital toolkit, and launch operations in north India by 2022.

## Funding rounds

- Seed, May 4, 2022, $0.7M — Better Capital, Spectrum Impact

## Investors

- Better Capital — Seed
- Spectrum Impact — Seed