Varaha Sells Over 60,000 Tonnes of Carbon Credits to Klimate

Varaha, a developer of carbon removal projects in Asia, has sold over 60,000 tonnes of carbon credits to Denmark-based start-up Klimate across five contracts. These agreements span three projects – biochar in India and afforestation initiatives in both India and Nepal. This series of contracts, valued at several million dollars, comes after Varaha’s recent project investment by Conductor Capital, a UK based start-up.

Varaha’s first large-scale purchase of carbon removal credits in India came in January 2025, when it sold 100,000 carbon dioxide removal (CDR) credits to Google. Madhur Jain, CEO and co-founder of Varaha, commented – “Through partnerships with Klimate, Google, and others, we are scaling high-impact climate solutions that drive positive change for both the environment and the communities we serve.” Simon Bager, CIO and Co-founder of Klimate, also talked in positive light about the collaboration – “Our partnership with Varaha is essential to our mission of scaling reliable, trustworthy, and impactful carbon removal solutions.”

Varaha, winner of the ‘IndiaAI Innovation Challenge: Agriculture’, an initiative by India’s Ministry of Electronics and IT, aims to enhance farmer livelihoods and strengthen climate resilience.

Also read: Varaha partners with Google for 100,000 biochar carbon removal credits