This post is a part of the Early Stage Climate Startup series from Climafix 2024


Highlights

  • BlackRhino uses Gen AI to automate climate reporting.
  • Their Gen AI-powered platform introduces the “Insights” tool, which aggregates and analyzes climate data from 500 top Indian enterprises, helping businesses track and improve sustainability efforts.

1. Value Proposition

  • Automating Emissions Reporting: Using AI tools to extract and automize 60-80% of data in climate reporting and emission accounting, aligned with international standards such as GHG Protocol, CDP, and GRI​.
  • Trained for the Indian market: One of the 1st Gen AI Climate focused tools trained on Indian enterprise data

2. Pain Points

  • Lack of Strategic Climate Management: Challenges to demonstrate the measurable impact of climate initiatives on product innovations. BlackRhino bridges this by providing dynamic climate insights that impact brand reputation and product innovations​.
  • Manual, Unstructured Data: Struggles to quantify energy & resource efficiency improvements effectively leading to inefficiencies and errors.

3. Climate Impact

  • BlackRhino’s platform enables companies to track and optimize emissions (Scope 1, 2, and 3) across their value chains.

4. Current & Future Target Segments

  • Current Target Segments: Companies in climate-sensitive industries, including manufacturing, energy, consumer goods, and organizations that require advanced tools to meet regulatory requirements.
  • Future Target Segments: Expanding its customer base through its freemium model and strategic alliance with climate consulting firms and investment funds.

5. USPs

  • BlackRhino uses AI and machine learning models to extract insights from unstructured data and deliver actionable insights to sustainability leaders.
  • BlackRhino automates climate reporting, emissions accounting, and resource optimization. The platform also provides granular benchmarking at the enterprise, business, and product levels.

6. Team Profiles

  • Somil Soni (Co-Founder): With over 20 years of experience in business strategy and tech transformation, Somil has led major global initiatives at organizations like HSBC. His expertise in technology-driven transformations is key to BlackRhino’s success​.
  • Nitin Purwar (Co-Founder): Nitin is a thought leader in AI, automation, and climate tech, with over 14 years of experience leading AI solutions at global companies like UiPath.

7. Startup Headquarters

  • India: Bengaluru

8. BlackRhino presenting at Climafix Summit 2024