
ProClime and Japan-based sustainable investment manager Cadira Capital Management have signed a Memorandum of Understanding to mobilize global capital into high-integrity carbon dioxide removal across India.
Invasive alien species degrade grassland and farmland, deplete groundwater and displace native ecosystems across India. Under long-term rights secured with state authorities, ProClime clears these species and converts the biomass into three revenue streams: carbon removal credits, biochar as a soil amendment, and bio-oil.
Biochar is made by heating biomass in an oxygen-starved process, pyrolysis, that locks in the carbon the plants absorbed. Left to burn or decay, that biomass would release its carbon within months; as biochar it stays stable for centuries, one of the most durable and measurable forms of carbon removal.
The first seven plants, across six Indian states, are expected to generate roughly 35,000 credits per year, certified under Puro.earth and Isometric. Because feedstock is collected, cleared and processed locally, the platform supports rural employment and land restoration, with a pipeline extending to 50 plants and beyond.
A Japan-India carbon removal bridge
Cadira will lead capital formation and management. ProClime will act as development and operating partner, responsible for feedstock, plant operations, community engagement, carbon credit origination and long-term monitoring. The partnership was originated and structured by Raicho Capital, which acts as advisor to the initiative.
The platform gives buyers access to durable removals at source, from corporates pursuing net-zero to the international voluntary market.
Discussions also involve collaboration with Japanese company TOWING, to explore value enhancement opportunities across the biochar value chain.
Leadership Commentary
Kavin Kumar Kandasamy, Founder & CEO, ProClime
“India has the feedstock, the scale and the technical depth to lead the world in permanent carbon removal. Over the past two years we have de-risked the entire value chain, from feedstock security to carbon offtake. With Cadira as our capital partner, we can now build it at scale, turning an environmental challenge into durable carbon removal and local economic opportunity.”
Kazuta Sakamoto, President and Representative Director, Cadira Capital Management
“As a sustainable investment manager, we look for opportunities to create lasting environmental and social outcomes with high-quality returns for global sustainable investors. ProClime's India Biochar platform does exactly that, and pairing it with Japanese technology makes it a genuine bridge between our two markets.”
Company Overview
About ProClime
ProClime is a full-stack climate company developing and managing carbon projects across India, Sri Lanka, Nepal and Bangladesh, spanning carbon projects, carbon trade, climate investments and advisory services focused on measurable climate, community and biodiversity outcomes.
About Cadira Capital Management
Cadira Capital Management is a Japan-based sustainable investment manager that invests and engages Japanese companies to deliver measurable environmental and social outcomes alongside high-quality returns for its clients. Through this partnership, Cadira extends that mandate into permanent carbon removal.
About Raicho Capital
Raicho Capital is a Tokyo-based cross-border advisory firm active in climate finance and carbon markets alongside a broader advisory practice. The firm advises on transactions and strategic partnerships, working with international companies engaging with Japan and Japanese companies pursuing opportunities overseas.
Learn More
2026/7/29
ProClime and Cadira Partner on India Biochar Carbon Removal
ProClime and Japan-based sustainable investment manager Cadira Capital Management have signed a Memo...
2026/3/31
Publication of Progress Report 2025
Cadira Capital Management is pleased to announce the publication of our Progress Report 2025.Followi...
2025/8/29
2025 Stewardship Code Self-Assessment
Cadira Capital Management Co., Ltd. (hereinafter “the Company”) is committed to its mission of “Conn...
2025/5/9
Publication Announcement
We are pleased to announce that our portfolio manager, Toshiyuki Matsushita, has contributed a chapt...
2025/3/21
Cadira Capital Management Received the First Mandate under the Emerging Managers Program (EMP) by Japan Post Insurance and Daiwa Securities Group
Cadira Capital Management Co., Ltd. ("CCM") received the first mandate under the Emerging Managers P...
2025/3/14
Publication of Our Inaugural Progress Report
We have published our inaugural "Progress Report" for 2024. The aim is to periodically share the pro...
2025/2/19
Cadira Capital Management Received the Special Award in the Finance Category at the 6th ESG Finance Awards Japan by the Ministry of the Environment
On February 19, 2025, Cadira Capital Management received a "Special Award" in the Finance category o...
2025/1/27
Our CIO Yu Shimizu has been selected as one of the "100 People Shaping the Future of the Impact Economy" in the March 2025 issue of Forbes JAPAN
Our CIO Yu Shimizu has been selected as one of the "100 People Shaping the Future of the Impact Econ...
2024/8/30
2024 Stewardship Code Self-Assessment
Cadira Capital Management Co., Ltd. is committed to its mission of "Connecting the Investment Chain ...
2024/5/1
Our CIO Yu Shimizu will be speaking at FDSF Impact Conference 2024
(Note: This event will be held in Japanese only.)Our CIO Yu Shimizu will be joining a panel discussi...
2024/4/30
Our CIO Yu Shimizu will be speaking at Impact Forum
Our CIO Yu Shimizu will be speaking at the Impact Forum on 14 May in conjunction with the first gene...
2024/4/21
CCM featured in Nikkei Veritas
The 21 April issue of Nikkei Veritas featured an interview with our CIO Yu Shimizu.
2024/4/18
CCM to Host Study Session on Amendments to the Financial Instruments and Exchange Act on 29 May (Closed)
Cadira Capital Management has organised a study session on the Partial Amendments to the Financial I...
2024/4/10
CCM featured in the Nikkei Newspaper
The April 10th morning edition of the Nihon Keizai Shimbun (Nikkei newspaper) published an article t...
2024/3/14
Notice of Participation in Japan's Impact Consortium
Cadira Capital Management is pleased to announce our participation in Japan's Impact Consortium, a p...
2023/7/31
CCM becomes signatory of Japan Impact-driven Financing Initiative
Cadira Capital Management Co. ("CCM") has become a signatory to the Japan Impact-driven Financing In...
2023/6/2
CCM becomes UN PRI Signatory
Cadira Capital Management Co., Ltd. has become a signatory to the UN-supported Principles for R...
Important Notice
The content of this website has been prepared by Cadira Capital Management Co., Ltd. (“CCM”) for informational purposes only to professional investors who are expected to make their own investment decisions without undue reliance on such content. The views and strategies described may not be suitable for all investors. Under no circumstances is it to be used or considered as legal or investment advice, a recommendation to buy, an offer to sell, or a solicitation of an offer to buy or sell securities and investors should be advised to consult their own stockbroker, accountant, solicitor, independent financial adviser, or other professional adviser for advice. We accept no liability whatsoever for any direct or consequential loss arising from any use of this content. The information is intended solely to report on investment strategies and opportunities identified by CCM. Opinions and estimates offered constitute our judgment and are subject to change without notice, as are statements of financial market trends, which are based on current market conditions. CCM and its affiliates do not warrant the accuracy or completeness of any of the information or data contained herein. References to specific securities and their issuers are for illustrative purpose only and are not intended to be, and should not be interpreted as investment advice or, a recommendation, offer or solicitation for the purpose or sale of any financial investment. This content does not constitute tax advice and as such investors should be advised to consult their own tax advisers regarding the tax consequences of their investment activities. Investment return and principal will fluctuate, so that a client's initial investment may increase or decrease. Investing in securities markets involve risks like those arising from stock and bond markets, currency exchanges rate and interest rate volatility. No part of this content may, without CCM prior written consent, be copied, reproduced, or published by any recipient for any purpose. Past performance is not indicative of future performance.