TBS Energi, GOTO Expand to Carbon Business through Fairatmos

By Editorial Team 07/12/2022
carbon emission
Summary

Indonesia-based carbon market startup Fairatmos raised US$4.5 million in a pre-seed funding round led by Go-Ventures (GoTo Group) and Kreasi Terbarukan TBS, the investment arm of PT TBS Energi Utama Tbk (TOBA). Vertex Ventures Southeast Asia & India also participated in the funding round.

Established earlier this year, Fairatmos helps companies reduce environmental risks by providing carbon calculators, carbon credit markets, and access to environmental experts. Fairatmos also connects green projects with institutional and individual investors. Fairatmos claims to have worked with more than 40 project developers on carbon capture efforts in Indonesia.

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