BiofuelCircle: A Startup that Connects Rural and Industrial Economies through Bioenergy

BiofuelCircle: A Startup that Connects Rural and Industrial Economies through Bioenergy – Bioenergy is a renewable and sustainable form of energy, derived from organic matter, such as agricultural waste, forest residue, and animal dung. Bioenergy can be used to generate electricity, heat, and fuel, and can help reduce greenhouse gas emissions, enhance energy security, and create rural employment. However, the bioenergy sector in India faces several challenges, such as lack of awareness, availability, affordability, and accessibility of biomass and biofuels.

BiofuelCircle

Details of the startup:

  • CITY : Pune
  • STATE : Maharashtra
  • STARTED IN : 2020
  • FOUNDERS : Ashwin Vasant Save and Suhas Gangadhar Baxi
  • NUMBER OF INVESTORS : 4
  • LATEST ROUND INVESTMENT :-
  • TOTAL INVESTMENT : ₹141.82M
  •   TOTAL SECURED LOANS AVAILED : Nil

You can find their website here

This is where BiofuelCircle comes in. BiofuelCircle is a startup that provides a cloud-based digital ecosystem for bioenergy supply chain, that connects rural and industrial economies. BiofuelCircle offers a platform that enables users to discover, buy, sell, transport, and settle transactions for biomass and biofuels, using their web or mobile application. BiofuelCircle also offers a platform that provides users with data and insights on the bioenergy market, policies, and technologies.

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What is BiofuelCircle?

BiofuelCircle is a Pune-based startup that was founded in 2020 by Suhas Baxi, Abhishek Mahajan, and Ashwarya Pratap Singh, three IIT Delhi alumni who share a passion for bioenergy and technology. The startup has developed a platform called BiofuelCircle, which allows users to access various features and services, such as biomass and biofuel trading, logistics, quality assurance, and payment. The platform is available as a website and an app, which are accessible for both Android and iOS devices.

BiofuelCircle works on a B2B2C model, where it serves users who are involved in the bioenergy supply chain, such as farmers, aggregators, processors, traders, transporters, and end-users. The startup charges a per-tonne or per-litre fee from the users, which includes the cost of biomass or biofuel, delivery, and taxes. The startup also provides software development kits (SDKs) to bioenergy companies, such as Praj Industries, Thermax, and BioUrja, to integrate the BiofuelCircle feature in their platforms.

How does BiofuelCircle work?

BiofuelCircle uses a combination of artificial intelligence (AI) and machine learning (ML) to create a seamless and smart bioenergy supply chain solution for users. The startup uses a proprietary algorithm to match users with the most suitable and available biomass or biofuel sources, based on their location, budget, and preference. The startup also uses natural language processing (NLP) and sentiment analysis to understand the users’ queries and feedback, and to provide them with relevant and timely responses.

On the bioenergy supply chain side, BiofuelCircle provides a platform that allows users to access various features and services, such as:

  • Biomass and biofuel trading: The platform allows users to trade biomass and biofuels, by selecting the type, quantity, and price of the biomass or biofuel they want to buy or sell. The platform also allows users to filter and sort the biomass or biofuel sources based on the location, availability, and quality. The platform also shows the details and ratings of each biomass or biofuel source, such as photos, features, and reviews.
  • Logistics: The platform allows users to arrange the transportation of biomass and biofuels, by selecting the pickup and drop-off location, and the date and time of the delivery. The platform also allows users to choose the mode and vehicle of the transportation, and to track and monitor the status and location of the delivery.
  • Quality assurance: The platform allows users to verify the quality and quantity of biomass and biofuels, by providing them with tools and services, such as sampling, testing, and certification. The platform also allows users to report and resolve any quality or quantity issues, and to get refunds or replacements, if needed.
  • Payment: The platform allows users to pay for their biomass and biofuel transactions, by using various payment modes, such as UPI, net banking, and debit cards. The platform also allows users to avail discounts and offers, and to earn and redeem loyalty points. The platform also provides users with invoices and receipts, and to cancel or modify their transactions, if needed.

On the bioenergy market side, BiofuelCircle provides a platform that provides users with data and insights on various aspects of the bioenergy sector, such as:

  • Market trends: The platform provides users with data and insights on the current and future trends of the bioenergy market, such as demand, supply, price, and growth. The platform also provides users with forecasts and projections of the bioenergy market, based on various scenarios and factors.
  • Policy updates: The platform provides users with data and insights on the latest and upcoming policies and regulations related to the bioenergy sector, such as subsidies, incentives, standards, and taxes. The platform also provides users with analysis and implications of the policies and regulations, and how they affect the bioenergy stakeholders and activities.
  • Technology innovations: The platform provides users with data and insights on the latest and emerging technologies and innovations related to the bioenergy sector, such as new biomass or biofuel sources, processes, products, and applications. The platform also provides users with case studies and best practices of the technologies and innovations, and how they improve the bioenergy efficiency and sustainability.
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What are the benefits of BiofuelCircle?

BiofuelCircle claims to offer multiple benefits to both the bioenergy stakeholders and the society, such as:

  • For the bioenergy stakeholders, BiofuelCircle offers them a platform and an opportunity to participate and benefit from the bioenergy sector, which is expected to grow at a CAGR of 4.8% from 2019 to 2024. The startup enables them to access a wide range of biomass and biofuel sources, and to trade them at competitive prices. The startup also enables them to arrange and monitor the transportation and quality of biomass and biofuels, and to pay and receive payments securely and transparently. The startup also provides them with data and insights on the bioenergy market, policies, and technologies, and to make informed and strategic decisions.
  • For the society, BiofuelCircle offers them a platform and a solution to address the environmental and social challenges posed by the conventional energy sources, such as fossil fuels. The startup enables them to reduce greenhouse gas emissions, enhance energy security, and create rural employment, by promoting the use of renewable and sustainable bioenergy. The startup also enables them to improve the livelihood and income of the farmers, who can sell their agricultural waste as biomass, and to support the rural and industrial economies, by creating a circular and inclusive bioenergy supply chain.

What are the achievements of BiofuelCircle?

BiofuelCircle has achieved several milestones since its inception, such as:

  • It has partnered with more than 1000 bioenergy stakeholders across India, who have traded more than 1 million tonnes of biomass and biofuels on the platform.
  • It has launched its own consumer app, which has reached more than 100,000 downloads and has a rating of 4.5 out of 5 on both Google Play Store and App Stor.
  • It has raised $507,940 in seed funding from investors like 1Crowd, The Chennai Angels, and Rudraksh Ventures.
  • It has won several awards and recognitions, such as the Top 10 Bioenergy Startups in India by NASSCOM, the Top 50 Emerging Startups in India by YourStory, and the Top 10 Startups in India by Startup Grind.
  • It has been featured in various media outlets, such as The Economic Times, Business Standard, Inc42, and Entrepreneur.
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What are the future plans of BiofuelCircle?

BiofuelCircle has a vision of becoming the leading bioenergy supply chain platform in India and abroad. It aims to achieve this by:

  • Expanding its product portfolio, by adding more biomass and biofuel sources and features, such as online payments, credit facilities, and loyalty programs, to enhance the user experience and engagement.
  • Expanding its brand partnerships, by collaborating with more bioenergy companies, data providers, and government agencies, to offer users more options and opportunities.
  • Expanding its geographical presence, by reaching out to more users across India and abroad, especially in the US, UK, and UAE, where the demand and awareness of bioenergy are high.
  • Launching more innovative features and services, such as voice and gesture control, social sharing, and gamification, to make the platform more interactive and fun.

How to Contact  BiofuelCircle ?

If you have any queries, feedback, or complaints regarding BiofuelCircle , you can contact them through the following ways:

  • Call them on their toll-free number: 91 (20) 48522522
  • Email them at: info@biofuelcircle.com
  •  Follow them on their : LinkedInInstagramYoutube
  • Visit their office at:3rd & 4th Floor, Vishwakalyan, Off ITI Road, Aundh, Pune 411007

BiofuelCircle is a startup that provides a cloud-based digital ecosystem for bioenergy supply chain, that connects rural and industrial economies. It is creating a platform that is seamless, smart, and informative for both the bioenergy stakeholders and the society. It is also contributing to the growth and development of the bioenergy sector and the economy. BiofuelCircle is a startup to watch out for, as it is poised to become the next big thing in the bioenergy supply chain space.

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