Intrinsic Foundries, a carbon-to-value biomanufacturing platform converting industrial emissions into high-value biochemicals, has raised ₹12 crore (approximately $1.4 million) in Seed funding in a round led by Transition VC. The capital will support industrial pilot projects, expanded research initiatives, and intellectual property filings. The company also plans to strengthen its engineering and commercial teams, enhance manufacturing readiness, and establish a United States entity to accelerate global market access.
Unlike conventional carbon capture models that treat emissions as a disposal challenge requiring significant capital with limited financial return, Intrinsic deploys biological systems to convert captured carbon into commercially valuable inputs. Its proprietary microbial biorefinery technology produces biochemicals used across food, pharmaceutical, nutraceutical, cosmetics, agriculture, and advanced materials sectors—turning industrial waste streams into revenue-generating resources.
The company’s platform is built on modular photobioreactor systems integrated with advanced automation architecture. Its initial focus is a microalgae-based biorefinery designed to capture carbon emissions directly from industrial sources. Parallel development is underway on additional microbial systems, including yeast-based platforms. In 2025, Intrinsic completed a successful proof of concept at a thermal power plant, demonstrating sustained carbon capture and stable operational performance under real-world conditions.
Founded in 2023 and headquartered in Jharkhand’s industrial belt, Intrinsic collaborates with research partners in the United States and Germany. Its founding team—Shreyansh Jain, Sanjay Jain, and Umang Jain—brings experience spanning pharmaceutical innovation, industrial operations, and enterprise technology strategy. Shreyansh Jain, an alumnus of BITS Pilani and Cornell University, leads the company’s process engineering and global development efforts.
India’s commitment of ₹20,000 crore toward Carbon Capture, Utilisation, and Storage (CCUS) over five years is expected to accelerate adoption across hard-to-abate sectors such as steel, cement, refining, and chemicals. Transition VC noted that Intrinsic’s approach addresses the economic barriers traditionally associated with CCUS by creating value from captured carbon through scalable biomanufacturing systems.
Over the next 12 to 24 months, Intrinsic plans to commission multiple industrial pilots and operationalize its first one-ton-per-day commercial facility. The company aims to expand its patent portfolio, generate revenues from pilot operations and biochemical sales, and establish carbon-to-value infrastructure as a core component of industrial decarbonisation.
