Summary
UrjanovaC, a company founded in January 2023 by IIT Bombay faculty, has developed a technology to capture carbon dioxide from industrial exhaust and convert it into commercial carbonate products. The company, which raised approximately $1 million and won the Avaana Capital-Startup India-NITI Aayog AIM Grand Challenge, aims to make carbon management economically viable for hard-to-abate industries like steel and cement.