Paris-based Mirova invests $30 million in Varaha’s regenerative agriculture project

Mirova, an affiliate of French asset manager Natixis Investment Managers that specialises in climate and sustainability investments, has invested $30 million in climate-tech startup Varaha for its regenerative agriculture project in India. This is Mirova’s first carbon investment in the country.

The funding will support Varaha’s Kheti soil carbon project, which aims to help 337,000 smallholder farmers adopt regenerative practices across 675,000 hectares in Haryana and Punjab. Techniques such as direct seeding of rice, crop residue management and…