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Partnership · Climate, Energy & Sustainability

Google signs major carbon credit deal with Mitti Labs

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Date
Company
Mitti Labs
What it does
Climate-smart rice farming technology
Kind
Partnership
Stage
growth
Based in
Bengaluru
Founded
2023
Sector
Climate, Energy & Sustainability

What they do

Mitti Labs uses satellite imagery and AI to help rice farmers reduce methane emissions and water usage through climate-smart agricultural techniques

What happened

The company signed a four-year agreement to supply Google with one million carbon credits, marking the largest rice-methane deal announced to date

Why it matters

This partnership supports Google's net-zero goals while enabling Mitti Labs to scale its operations across India and eventually into Southeast Asia

The details

  • Google has agreed to purchase 1 million carbon credits from Mitti Labs through the year 2030.
  • This agreement represents the largest publicly announced rice-methane carbon credit deal recorded to date.
  • The project covers farms across Karnataka, Andhra Pradesh, and Telangana, spanning a peak area of 100,000 hectares.
  • Mitti Labs incentivizes farmers to reduce flooding duration in rice paddies, which lowers methane emissions and saves significant water.
  • The deal follows a year of negotiations and rigorous due diligence by Google regarding monitoring technology and farm visits.
  • Financial terms of the agreement remain undisclosed.

The bigger picture

  • Google is pursuing net-zero emissions by 2030 but faces rising greenhouse gas emissions due to increased AI infrastructure investment.
  • Google's 2025 greenhouse gas emissions reached 14.5 million metric tons of CO2e, representing an 18% year-over-year increase.
  • The company previously invested in carbon removal through a 2025 deal with Varaha for biochar credits.

About the business

  • Mitti Labs operates a GeoAI platform that integrates satellite radar imagery with proprietary field measurements.
  • The technology uses synthetic aperture radar with resolutions between 50 cm and 10 m to monitor farm conditions.
  • Climate-smart rice farming techniques reduce methane emissions by approximately 50% and irrigation water use by 40% without impacting crop yields.
  • The company currently works with over 100,000 farmers and aims to reach millions by 2030.
  • Credits are issued under Gold Standard or Isometric certification, with projects undergoing independent third-party verification.
  • The platform is rated A by Sylvera for its Alternate Wetting and Drying (AWD) projects, indicating low risk of over-crediting.
  • Other notable customers include Cool Effect, Ebro Foods, and Syngenta.

What happens next

  • Launch operations in the Philippines in late 2026.
  • Expand into Indonesia and other parts of Southeast Asia in 2027.

The deal

Type
partnership

Investors

Founders

  • Xavier Laguarta Soler, Co-founder
  • Devdut Dalal, Co-founder

About Mitti Labs

Product
GeoAI platform using satellite imagery and machine learning to implement alternate wetting and drying practices in rice farming
Customers
Smallholder rice farmers and corporations pursuing net-zero emission goals seeking carbon credits
How it makes money
Carbon credit generation and verification (dMRV) enabling farmers to monetize emissions reductions while reducing water usage
What sets it apart
Satellite-based AI monitoring and verification enables reliable carbon credit generation with 40% water savings and methane reduction

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