London-headquartered Clearly, a climate intelligence platform that uses AI to give fleet managers vital and unique trip-level energy and carbon information has closed €3.9 million in a seed funding round.
Along with well-known angel investors Lord Nash and Margaux Primat, the round was led by Pace Ventures and Nine Realms and included participation from current mobility investors Mobilion, Next Gear, and M1720.
The company plans to use the fresh investment to expand its portfolio of exclusive AI capabilities and improve its current product offering. To meet the demand for its product on a global scale, it will also be expanding its personnel.
One of the biggest keys to reducing CO2 in the atmosphere is decarbonizing supply chains. Indeed, the transportation sector accounts for 25% of global emissions. Consequently, the UN reports that road transportation alone must invest $1.75 trillion annually to achieve net-zero goals. For this reason, more than half of CEOs are trying to increase data visibility to more effectively cut emissions.
The startup addresses this issue by giving fleet managers, logistics operators, and other supply chain players the vital information they require to make decisions in real time that can dramatically increase operational and financial efficiency. By integrating and blending data from a broad range of sources, including vehicle movement and performance (GPS, tracking, IoT), operations (weight, packages), assets (vehicle type, tires), energy (fuel, electricity), and more, the company’s proprietary technology overcomes the limitations of existing approaches and enables global corporations to achieve net zero targets. These real-time analytics assist operators in determining which decarbonization programs are the most successful, helping them choose them, and making funding more accessible for them.
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The founder and CEO of Clearly, Danielle Walsh, stated:
“Decarbonizing supply chains is not a new topic, but because of supply chain complexities and the way this data has been collected up to this point, one of the biggest obstacles for organizations has been collecting and analyzing complete data. We saw that by using our unique approach to collect, normalize, and blend supply chain data, we could improve its interoperability and use it to provide actionable insights on transportation emissions down to the level of individual trips and packages. Our platform is compatible with any data source, overcoming the significant initial challenge of data acquisition because we are purposefully hardware-agnostic.”
It is more important than ever for businesses to take action because transportation-related emissions are rising. Moreover, the International Energy Agency warns that without significant action, transportation emissions could rise by 60% by 2050, leading to extreme weather, rising sea levels, ecosystem damage, health hazards, and unstable economies.
Investors Thoughts:
Christy McCaig, a partner at Nine Realms, continued:
“Unlike other tools, Clearly offers actionable insights to help fleet operators achieve their goals in the most commercially viable way. We’re excited to support the team in their next stage of growth, having been impressed by their early traction with enterprise customers.”
Marius Swart, a partner at Pace Ventures, said:
“The market is growing quickly, and we’re excited to see major corporations and the finance industry show substantial demand for Clearly’s product. The transportation industry is rapidly expanding its use of AI-enabled operational decision-making and data-driven procurement as it shifts to greener technology. Clearly is making sustainable transportation more than just a choice for its customers—it’s making it a competitive advantage.”
