Mitti Labs, an Indian climate technology company, has secured a four-year agreement to supply Google with 1 million carbon credits by 2030, marking one of the largest nature-based carbon offtakes in the region.
- Four-year contract to deliver 1 million carbon credits from 2027 to 2030
- Methane reduction through alternate wetting and drying in rice cultivation
- Expansion plans backed by $9.5 million Series A funding led by Aramco Ventures
What happened
Mitti Labs has entered a significant four-year agreement with Google to supply 1 million verified carbon credits stemming from its rice farming projects in India. The credits will be delivered between 2027 and 2030 without any upfront payments, relying on verified deliveries to trigger payments. The projects cover over 100,000 hectares in Andhra Pradesh, Telangana, and Karnataka.
The collaboration follows Mitti Labs’ recent $9.5 million Series A funding led by Aramco Ventures, which aims to bolster its footprint within India and launch new projects in Southeast Asia, including the Philippines and Indonesia. This agreement is recognized as one of the largest nature-based carbon offtakes in the region.
Why it matters
Rice farming is a major source of methane emissions, a potent greenhouse gas contributing substantially to climate change. Mitti Labs applies a technique called alternate wetting and drying (AWD) that reduces methane release by periodically drying rice paddies instead of keeping them continuously flooded. This method also conserves water and helps maintain crop yields.
Through this approach, Mitti Labs not only contributes to emissions reduction but also empowers smallholder farmers by providing training, technological support, and revenue sharing from carbon credit sales. Google’s partnership validates the efficacy and scalability of Mitti Labs’ methodologies and technology, including its AI-driven monitoring and verification platform.
What to watch next
Mitti Labs plans to scale its operations both within India and into Southeast Asian markets, leveraging the funds raised in its Series A round. The application of its GeoAI platform, supported by NASA grants, will be pivotal in accurately measuring reductions in methane emissions and water savings, enhancing transparency and accountability in carbon credit generation.
The collaboration with Google may set a precedent for large-scale corporate commitments to nature-based carbon offsets in India and Asia more broadly. Observers should track how Mitti Labs expands its verified projects and how the partnership impacts smaller farming communities in terms of technology adoption and economic benefits.