What URECA does

URECA is a Singapore-headquartered climate-tech company, founded in 2021 with operational roots in Mongolia, that operates as a technology-driven carbon project developer and marketplace operator. Its core offering is the URECA Carbon Marketplace, a digital platform for trading high-quality carbon offsets with full traceability, underpinned by proprietary digital Measurement, Reporting and Verification (dMRV) technology. The dMRV stack combines satellite analytics, multispectral drone surveys, soil studies, IoT smart meters, blockchain-based registries, and machine learning models for plant recognition, producing continuous auditable data streams aligned with Verra's VM0032 methodology and ISO 14065.

URECA's flagship physical project is the Coal-to-Solar (C2S) initiative in Ulaanbaatar's ger districts, which replaces coal stoves with integrated rooftop solar, battery storage, and smart electric heating for low-income households, generating verified emission reductions of 12-15 tonnes CO2e per household per year. The company targets 100,000 households by 2030, representing an estimated 13 million tonnes of lifetime CO2e reductions. Complementing this, the 2025-launched Rangeland dMRV and Management Platform, developed with GoodGrowth, provides a comprehensive grassland-monitoring solution for ~300,000 Mongolian herders, integrating biomass, soil health, vegetation cover, biodiversity, and grazing-pattern indicators. Additional revenue lines include Nature-Based Solutions consultancy (clients include Rio Tinto and the World Bank) and end-to-end Renewable Energy engineering with Power Purchase Agreement (PPA) and solar lease financing for commercial customers.

URECA monetizes across multiple streams: marketplace commissions on credit trades, transaction-based credit sales (households earning $800-$1,600/year at ~$80/tonne), professional services for NbS feasibility and project document development, subscription/recurring dMRV platform access, and hardware revenue plus financing income from solar and wind installations. The company has raised approximately $2.375 million to date ($1.5M pre-seed in Nov 2022 and $875K seed in Jun 2024 from InterVest Co. and Sustainable Impact Capital & Holding), operates from Singapore, Ulaanbaatar, and Brisbane, and is led by a five-person co-founding team (CEO Orchlon Enkhtsetseg, CSO Unurbat Erdenemunkh, COO Amar Baatartsogt, CSO Onon Bayasgalan, CFO Tom Carr).

Name

URECA

Legal name

URECA Pte. Ltd

Website

https://ureca.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

URECA is a Singapore-headquartered climate-tech company that operates a digital carbon offset marketplace and develops carbon projects — notably a Coal-to-Solar program for Ulaanbaatar households and a Rangeland dMRV Platform for Mongolian herders — using proprietary digital MRV, AI, blockchain, and IoT technology.

Ownership category

akta.pro rank

Product category

Voluntary Carbon Markets

NAICS

Geophysical Surveying and Mapping Services (541360)

SIC

Services-Commercial Physical & Biological Research (8731)

akta.pro primary industry

Tokenization, Digital MRV-Linked Credits & On-Chain Carbon Infrastructure (Digital assets, provenance) (EUABAAAE)

akta.pro secondary industries

Supply Chain (Scope 3) Emissions & Supplier Engagement Platforms (EUABAEAE), Market Access, Connectivity & Trading Technology (APIs, OMS/EMS, FIX connectivity, venue gateways) (EUABAAAF), Carbon Removal Credits Trading (DAC, BECCS, Biochar, Mineralization) (EUAGAIAL)

Keywords

• Voluntary carbon markets
• Digital MRV technology
• Carbon credit trading
• Renewable energy systems
• Nature-based solutions

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Carbon Credit Marketplace: URECA operates a marketplace platform enabling nearly anyone to buy and sell high-quality carbon offsets, generating revenue through transaction facilitation and potentially commissions on trades.
2. Carbon Offset Project Development: URECA develops carbon offset projects (Coal-to-Solar, grassland restoration, nature-based solutions) that generate verified carbon credits, sold to corporate and individual buyers. Households reduce up to 15 tonnes of CO2 annually, generating equivalent carbon credits.
3. dMRV Services and Platform Licensing: URECA provides Rangeland Digital MRV and Management Platform services to project developers, researchers, and policymakers. The platform offers monitoring, analytics, and verification outputs aligned with VM0032 and ISO 14065 standards.
4. Renewable Energy Systems (Solar, Wind, Battery): URECA designs, commissions, and supports end-to-end renewable energy systems (Solar PV, wind, battery storage, heat pumps) for businesses, with financing options including Power Purchase Agreements (PPA) and solar leases.
5. Carbon Credit Revenue for Households: URECA enables households to generate carbon credits worth $800-$1,600 per year per household through the Coal-to-Solar project, with families also saving on energy costs.
6. Nature-Based Solutions Consultancy: URECA provides consultancy services for nature-based carbon projects including feasibility assessments, carbon project documents, carbon sequestration estimates, implementation, facilitation, and development of NbS projects.

Pricing tiers

Go-to-market motion4 records

Distribution channels5 records

Marketing channels6 records

Core offering

URECA is a tech-based project developer operating a carbon offset marketplace platform combined with proprietary Digital MRV (Measurement, Reporting, and Verification) technology that produces verified carbon credits. The company's core offerings include the URECA Carbon Marketplace for trading high-quality carbon offsets with full traceability, the Coal-to-Solar project replacing coal stoves with integrated solar systems for Ulaanbaatar households, the Rangeland dMRV and Management Platform for grassland ecosystem monitoring, Nature-Based Solutions consultancy, and Renewable Energy engineering services.

Product overview

URECA is a tech-based project developer operating a unified platform portfolio for the new carbon age. The core offering consists of the URECA Carbon Marketplace, which enables carbon offset trading with full transparency, combined with proprietary Digital MRV (dMRV) technology that provides continuous auditable data. URECA's flagship Coal-to-Solar (C2S) project addresses household air pollution in Ulaanbaatar by replacing coal heating with solar systems, generating verified carbon credits. The Rangeland dMRV and Management Platform provides comprehensive grassland monitoring through machine learning-based plant recognition, multispectral drone surveys, and herder photo-monitoring via a mobile application. Supporting services include Nature-Based Solutions consultancy and end-to-end Renewable Energy engineering solutions (solar, wind, battery storage). The company operates across Singapore, Mongolia, and Australia.

Differentiator

Problem solved

Functional benefit

Products and services

• URECA Carbon Marketplace A digital marketplace platform enabling individuals and businesses to trade high-quality carbon offsets. Provides full transparency on additionality and permanence of credits, allowing sellers and buyers to trace carbon offsetting projects and track verified emission reductions.
• Coal-to-Solar (C2S) Project URECA's flagship project that replaces coal stoves with integrated rooftop solar panels, batteries, and smart electric heating systems for low-income families in Ulaanbaatar's ger districts. Converts verified emission reductions (12-15 tonnes CO2 per household per year) into carbon credits to fund the energy transition, with households earning $800-$1,600 per year.
• Rangeland dMRV and Management Platform A comprehensive digital platform for grassland monitoring combining biomass, soil health, vegetation cover, plant biodiversity, and grazing patterns. Includes machine learning for plant recognition, photo-monitoring application, satellite analytics, multispectral drone surveys, and forecasting tools for rangeland health and weather conditions. Provided to project developers, researchers, and policymakers.
• Nature-Based Solutions (NbS) Services Consultancy services creating feasibility assessments, developing carbon project documents, and estimating carbon sequestration potentials. Includes implementation, facilitation, and development of nature-based carbon projects in Mongolia for clients such as Rio Tinto and The World Bank.
• Renewable Energy Solutions End-to-end engineering for clean energy including custom Solar PV systems, wind energy solutions, battery storage, heat pump systems, and real-time IoT monitoring. Services include transition consulting from assessment to grid independence, with financing options including Power Purchase Agreements (PPA) and solar leases for businesses in Mongolia.
• Grassland Carbon Projects Development of grassland carbon projects targeting climate resilience of Mongolian ecosystems and herder communities. Includes pilot projects with partners to transition from volume-based to quality-focused sustainable supply chains for fiber and meat products, integrating rangeland restoration with herder community engagement.
• Digital MRV (dMRV) Platform URECA's proprietary digital Measurement, Reporting, and Verification technology providing continuous streams of auditable data for carbon markets. Brings accuracy and transparency to carbon markets and enables creation of premium, high-impact environmental attributes, leveraging blockchain, AI verification, and tamper-proof smart meters.

Quantifiable outcome

• Each household reduces 12-15 tonnes of CO2 emissions annually from Coal-to-Solar project, generating equivalent carbon credits
• +5 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability8 records

Feature8 records

Partnerships

Eight partnerships are on record, tiered core, major, strategic and minor.

• GoodGrowthcoreStrategic or Co-development Partner · 1 January 2025URECA partnered with GoodGrowth to launch the Rangeland dMRV and Management Platform in 2025, integrating indicators such as biomass, soil health, vegetation cover, plant biodiversity, and grazing patterns. Also piloting a grassland project to enable transition from volume-based to quality-focused sustainable supply chains for fiber and meat products.
• The World BankmajorStrategic or Co-development Partner · 1 January 2023URECA developed Green Investment Plans and Financial Models for the 'Mongolia Green Resilient Landscapes' Project under The World Bank, contributing to climate-resilient landscape restoration in Mongolia.
• The Asia FoundationcoreStrategic or Co-development Partner · 1 January 2022Partnership with The Asia Foundation for grassland research, including a pilot study on the impact of grazing exclusion on vegetation and soil carbon in Zavkhan Rangelands (2023-2025), and collaboration on Coal-to-Solar projects with climate displaced families in Ulaanbaatar's ger districts.
• Rio TintomajorStrategic or Co-development Partner · 1 January 2022URECA executed feasibility assessments for implementation of Rio Tinto's Nature Climate Solutions Strategy in Mongolia, supporting the mining company's climate commitments through nature-based carbon projects.
• EnvisionstrategicTechnology or Integration · 1 January 2022URECA has a partnership with Envision for renewable energy systems, with close collaboration with inverter and battery manufacturers for tailored performance of solar, wind, and battery storage systems in Mongolia.
• AFOCOminorStrategic or Co-development Partner · 1 January 2022URECA collaborates with AFOCO on nature-based solutions projects, including forest restoration carbon projects in Mongolia. Listed as a partner logo on URECA's Nature-Based Solutions page.
• Mongolian Nature's Legacy FoundationminorStrategic or Co-development Partner · 1 January 2022Listed as a partner on URECA's Grassland solutions page. Collaboration focused on grassland restoration and ecosystem protection in Mongolia.
• Hustal National ParkminorStrategic or Co-development Partner · 1 January 2022Listed as a partner on URECA's Grassland solutions page. Partnership related to grassland ecosystem protection and restoration initiatives.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• 3Degrees: Established climate solutions provider offering carbon offsets, renewable energy certificates, and decarbonization advisory. Comparable as a broader incumbent in carbon markets and project development, though URECA is more technology- and dMRV-centric.
• Verra: Operator of the VCS Program and major carbon standards body. URECA's Rangeland dMRV Platform aligns with Verra's VM0032 methodology, making Verra both an enabler and an indirect competitor via methodology governance.
• South Pole Group: Large carbon project developer and climate consultancy operating globally across forestry, renewables, and community-based projects. Comparable as a broad incumbent in carbon project development and advisory, but at much larger scale and broader geographic footprint than URECA.

Emerging players

• Renoster: Carbon credit ratings and remote-sensing-based MRV platform. Comparable to URECA's dMRV/AI focus but with a narrower scope (forestry-focused) than URECA's grassland and household energy programs.

Direct peers

• Patch: Carbon credit marketplace and API platform enabling businesses to embed high-quality offsets. Comparable to URECA's marketplace product and developer-facing approach to distributing credits.
• Cloverly: Carbon offset API and marketplace platform serving businesses with high-integrity credits. Comparable technology and business model overlap with URECA's marketplace offering.
• Pachama: AI-powered carbon credit marketplace that uses satellite imagery and machine learning for MRV of nature-based projects. Directly comparable to URECA on both marketplace and dMRV/AI technology axes, though Pachama focuses on forestry/Latin America while URECA focuses on grassland/coal-to-solar in Mongolia.
• Sylvera: Independent carbon ratings and MRV provider using satellite data and ML to assess carbon credit quality. Direct competitor to URECA's Rangeland dMRV Platform and AI verification capabilities.
• Natural Capital Exchange (NCX): Forestry-focused carbon credit marketplace with a digital platform connecting landowners and credit buyers. Comparable to URECA's grassland marketplace and project developer model, though focused on forestry rather than rangelands and household energy.

Others

• Carbon Growth Partners: Carbon advisory and project development firm focused on nature-based solutions in emerging markets. Adjacent rather than directly competitive — comparable on consultancy/project development work URECA also performs via its NbS services line.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds3 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about URECA