In a significant boost for climate technology, London-based climate intelligence platform Clearly has successfully concluded a €3.9 million seed funding round. This pivotal investment, spearheaded by Pace Ventures and Nine Realms, also welcomed contributions from existing mobility investors Mobilion, Next Gear, and M1720, alongside distinguished angel investors Lord Nash and Margaux Primat.
The newly acquired capital will be channeled into advancing Clearly’s product suite and expanding its proprietary AI capabilities. The company also plans to bolster its team to address the surging global demand for its innovative solutions.
Given that the transportation sector contributes to 25% of global carbon emissions, achieving net-zero targets within supply chains is critical. The road transportation industry alone requires an annual investment of $1.75 trillion to meet these goals, underscoring why over half of CEOs are seeking enhanced data visibility to reduce emissions effectively, according to the United Nations.
Clearly is tackling this challenge head-on by delivering crucial trip-level emission and energy insights to logistics operators and fleet managers. The platform integrates diverse data sources—ranging from vehicle performance metrics to energy consumption figures—to provide actionable insights. These real-time data insights empower operators to make informed decisions that enhance both operational efficiency and financial performance. Moreover, Clearly’s technology simplifies the path to securing financing for emission-reducing initiatives.
Danielle Walsh, Founder and CEO of Clearly, emphasized, “Decarbonizing supply chains presents a longstanding challenge, yet accessing and analyzing comprehensive data has historically been a major hurdle due to the complexity of supply chains and the fragmented nature of data collection. Our platform’s unique capability to normalize and blend diverse data sources addresses these issues, enabling us to offer actionable emissions insights on a granular level.”
The urgency of addressing transportation emissions is escalating, with projections indicating a 60% increase by 2050, potentially exacerbating environmental degradation, health risks, and economic instability, as highlighted by the International Energy Agency.
Marius Swart, Partner at Pace Ventures, remarked on the investment, “The rapid expansion of this sector and the robust demand for Clearly’s solutions from large corporations and the financing community underscore its potential. As the transportation industry shifts towards greener technologies, Clearly’s data-driven and AI-enabled approach provides a significant competitive edge.”
Christy McCaig, Partner at Nine Realms, added, “Clearly’s approach delivers actionable insights that empower fleet operators to meet their sustainability goals in the most commercially viable manner. The team’s early success with enterprise clients and their innovative approach convinced us of their potential.”
Editorial Opinion
Clearly’s recent funding round highlights a critical advancement in the quest for sustainable supply chains. As industries grapple with the imperative to cut carbon emissions, Clearly’s sophisticated AI-driven platform stands out by offering precise, actionable insights that address the complex data needs of fleet operators and logistics managers. This capability not only helps in optimizing operational efficiency but also aligns with broader environmental goals.
The company’s hardware-agnostic approach, which integrates diverse data sources seamlessly, positions it as a versatile and indispensable tool for modern fleets. This flexibility in data acquisition and analysis is crucial for navigating the increasingly intricate landscape of emissions management.
In an industry where data-driven decision-making is becoming a key determinant of competitive advantage, Clearly’s solutions are both timely and transformative. As global regulations tighten and the pressure mounts to adopt greener practices, Clearly is poised to play a pivotal role in facilitating this transition, proving that technological innovation and sustainability can go hand in hand.
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