Varaha, a leading developer of carbon removal projects in Asia, has sold over 60,000 tonnes of carbon credits to Denmark-based Klimate across five contracts. These agreements span three projects – biochar in India and afforestation initiatives in both India and Nepal – reinforcing Varaha’s ability to repeatedly sell credits to US and European companies across diverse pathways spanning technology and nature-based projects.
This series of contracts, valued at several million dollars, strengthens Varaha’s position as a preferred partner for buyers such as Klimate. By leveraging its diversified portfolio of technology-based and nature-based carbon projects, Varaha has become a critical collaboration for Klimate, who seeks reliable, scalable, and high-integrity credits across multiple methods to create well-balanced portfolios on behalf of their clients.
This announcement follows Varaha’s recent project investment from UK-based Conductor Capital and builds on its growing track record of supplying high-impact carbon removal credits to global buyers. In January 2025, Varaha sold 100,000 carbon dioxide removal (CDR) credits to Google – its first large-scale purchase of carbon removal credits in India. With repeat sales to Europe and other Western markets, Varaha continues to demonstrate its ability to serve corporate climate commitments across diverse carbon removal pathways, including regenerative agriculture, biochar, afforestation, and enhanced rock weathering.
“Our ongoing relationship with Klimate is a testament to the trust that global carbon credit buyers place in our platform”, said Madhur Jain, CEO and co-founder of Varaha. “By offering a broad portfolio of carbon removal projects, we provide flexibility and reliability to meet the diverse needs of our partners. 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.”
From Simon Bager, CIO and Co-founder of Klimate, “”Our partnership with Varaha is essential to our mission of scaling reliable, trustworthy, and impactful carbon removal solutions. Through this collaboration, we’re able to provide our clients access to a diverse range of carbon removal projects across multiple pathways and certification standards. Having a trusted partner in the south Asia region with expertise in local contexts ensures the development of high-impact climate solutions that resonate strongly with our clients’ priorities”
About Varaha
Varaha is Asia’s leading carbon removal project developer, pioneering high-impact, scalable climate solutions with a strong focus on smallholder-led decarbonization. Varaha operates across regenerative agriculture, afforestation, biochar, and enhanced rock weathering. Its projects don’t just remove carbon—they enhance farmer livelihoods, strengthen climate resilience, and restore biodiversity at scale. Recognized as a winner of the ‘IndiaAI Innovation Challenge: Agriculture,’ an initiative by India’s Ministry of Electronics and IT, Varaha is at the forefront of leveraging cutting-edge satellite monitoring, scientific research and AI-driven solutions to transform carbon markets. This recognition reinforces Varaha’s commitment to building a trusted, science-backed carbon market. Varaha is backed by RTP Global, Omnivore, AgFunder, Artemeter by DRW, Norinchukin Bank, IMC Ventures, Orios, Theia Ventures, and Better Capital.
About Klimate
Klimate is a Denmark-based start-up helping responsible companies secure access to high-quality, innovative, and verifiable carbon removal projects. Assisted by their team of experts and supported by a first-of-it’s-kind platform, they make it easy for organisations to achieve real, measurable impact at scale. Klimate makes it easy for companies to save time and money, and ultimately reach their goals with their proprietary expertise and an easy-to-use digital platform to invest, manage, and report on carbon removal assets. Klimate is led by science and leverage tech to enable growth, making a tangible impact in the fight against climate change.
