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