A&O Shearman and Cyril Amarchand Mangaldas (CAM) advised on the USD 53 million finance for Sistema.bio’s FarmCarbon.

Sistema.bio has launched FarmCarbon, a carbon financing platform designed to scale access to biodigesters that convert agricultural waste into renewable energy and organic fertilizer. The platform is backed by an investment of approximately USD 53 million from BNP Paribas Asset Management Alts, British International Investment plc and Shell Foundation.

FarmCarbon aims to finance the deployment of over 90,000 biodigesters globally, reducing methane emissions and generating carbon credits through a pre-financing model. The platform is initially being rolled out in India, with plans to expand across Asia and Africa.

A&O Shearman advised Sistema.bio on the establishment of the FarmCarbon platform.

The team was led by Securitization Partner Salim Nathoo, along with Senior Associate Pedro Nunes, Associate Yipsum Wu and Trainee Rebecca Moore. The Luxembourg team was led by Partner Frank Mausen, along with Counsel Philippe Noelter, and Associate Belen Alemany Lopez, with support from Partner John Hibbard on tax aspects.

Cyril Amarchand Mangaldas (CAM) advised Buen Manejo Del Campo India Private Limited (Sistema India) on Indian law aspects of the transaction.

The team was led by Partner Manasvini Raj, along with Principal Associate Apoorv Jain, and Associate Sushmitha Ramkumar.

Strategic inputs were provided by Senior Partner Santosh Janakiram.

The tax team included Partner SR Patnaik, with support from Principal Associate Shivam Garg, Consultant Reema Arya, and Associate Rhea Prasad, while Partners Arun Prabhu, and Lakshmi Rajagopalan with support from Associate Kanav Khanna advised on data privacy and data sharing aspects.