BiofuelCircle Secures ₹35 Crore to Turbocharge India's Green Energy Revolution

BiofuelCircle, India's fast-growing digital platform for biomass and biofuels, just secured ₹35 crore in fresh bridge funding, pushing its valuation to roughly ₹638 crore. This vital capital injection, led by Pooja Unichem LLP with strong participation from existing investors like Spectrum Impact, Better Capital, and Karma Capital, is set to supercharge the expansion of India's crucial biomass supply chain. This move comes at a critical time as India aggressively pursues energy security and a cleaner future, with modern bioenergy projected to account for 45% of its total energy consumption by 2030. BiofuelCircle hybrid model, connecting over 1.7 lakh farmers across 10 states through digital price discovery and a network of 80 biomass banks, directly addresses the fragmented logistics and aggregation challenges facing India's bioenergy sector. Government initiatives like the Ethanol Blending Program, which hit over 20% blending by January 2026, and a new co-firing mandate for power plants, are creating huge demand that currently outstrips supply, making efficient platforms like BiofuelCircle essential. With this bridge funding, the Pune-based company will boost its working capital and operational network, setting the stage for a larger Series B funding round expected in early 2027. The focus now is on accelerating biomass deliveries, adding value for farmers by turning agricultural waste into income, and enabling industries to switch to cleaner fuels. This expansion is a significant step towards a more organised, efficient, and sustainable bioenergy ecosystem, vital for India's clean energy transition and rural economic growth.