India, May 22 -- Deeptech startup Alt Carbon has raised $12 Mn (around INR 102.8 Cr) in its seed funding round led by AI robotics company Physical Intelligence's founder and chief executive Lachy Groom.

The round also saw participation from Shastra VC and a clutch of angel investors, including Jason Zhao, Amrendra Singh, Tanmay Bhat, Arjun Soin, Nakuul Mehta, Arjun Ramani, Advaith Vishwanath and Rahul Seth.

Alt Carbon's cofounder Shrey Agarwal announced the funding round in a LinkedIn post.

The Bengaluru-based startup plans to deploy the freshly raised capital in building new projects which enable carbon dioxide removal (CDR) across South Asia. Besides, the company will spend on research and development.

"We will improve our science, ...