Clearly Secures $4.3M to Reduce Fleet Emissions

Clearly, a climate intelligence platform, announced that it had raised $4.3 million in funding toward one of the most pressing challenges facing transport emissions mitigation. This round was led by Pace Ventures and Nine Realms and includes additional participation from Mobilion, Next Gear, M1720, Lord Nash, and Margaux Primat. The funds will be used for augmenting the company’s product suite and expansion of the team.

Of the global carbon emissions, 25% are contributed by the transport sector; therefore, this becomes an area of priority in reducing CO2. Outright net-zero emission in road transport would achieve an annual investment target of $1.75 trillion. With mounting pressure on companies to trim their carbon footprint, more than 50% of CEOs have reportedly been seeking better data to achieve these very goals, according to the United Nations.

Clearly, it therefore targets meeting this need by offering data-driven insights to logistics operators and fleet managers in real-time decision-making, which can help improve operational efficiency and reduce emissions. The platform aggregates data from various sources, comprising vehicle performance, operational metrics, asset details, and energy use, to provide comprehensive emission insight, thereby helping the operator choose the most effective decarbonization strategies and secure funding for sustainability initiatives.

It also enables them to comply with regulatory requirements by quantifying the actual costs and risks involved in decarbonizing activities. Clearly’s services are used by some of the largest enterprises operating across the US, Europe, and Asia, including Webfleet and Bridgestone’s fleet management solutions. More than 100 million trips have been analyzed on the platform with consumer goods companies, parcel delivery services, vehicle distributors, and logistics firms.

Clearly’s data shows one clear insight: driving behavior can make or take up to 30% fuel consumption. That insight makes such immediate changes in companies that improve environmental and financial performance; fleet electrification in addition, optimum scenarios of vehicle configuration, and driver behavior are improving operations through its AI-driven platform.

The International Energy Agency warned that, against this background, transport emissions could rise by as much as 60% in 2050 if nothing is done to stop this. This can increase the risks of extreme weather events, rising sea levels, ecosystem disruptions, health hazards, and economic instabilities. Clearly’s platform offers a solution to mitigate these risks by allowing companies to make informed decisions in terms of contributing to sustainable transport.

Marius Swart of Pace Ventures commented on the growing demand from large enterprises and financial institutions for Clearly’s product. As transport industries rapidly tilt towards greener technologies, so is demand for data-driven procurement and AI-driven operational decision-making. Clearly is primed to have a central place in making sustainable transportation not just an option but a competitive edge for its clients.

With this growth in the market, continued expansion by Clearly is bound to keep pumping in some of the greatest environmental and economic benefits the world over, ensuring developments in the transport sector do not occur at the cost of the planet.

Source: Clearly

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