Clearly funding news – London-based Clearly Raises €3.9 Million in Seed Funding

The company plans to use the fresh investment to expand its portfolio of exclusive AI capabilities and improve its current product offering. Obviously, in order 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 the amount of CO2 in the atmosphere is to decarbonise supply chains, as the transportation sector is responsible for 25% of world emissions. According to the UN, road transport alone has to spend $1.75 trillion year to achieve net-zero goals. For this reason, more than half of CEOs are trying to increase data visibility in order to more effectively cut emissions.

Read also - Gaussion funding news – London-based Gaussion Raises $12 Million in Series A Round Funding

Clearly 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, tyres), 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 insights assist operators in determining which decarbonisation activities are the most successful, helping them choose them, and making funding more accessible for them.

Danielle Walsh, Founder and CEO of Clearly said, “Decarbonising supply chains is not a new challenge, but one of the largest hurdles for businesses has been accessing and analysing comprehensive data, as a direct result of supply chain complexities and the nature in which this data has been collected up until now. We saw that by using our unique approach to collect, normalise 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, We are deliberately hardware-agnostic, which means our platform is compatible with any data source, overcoming the significant initial challenge of data acquisition.”

It is more important than ever for businesses to take action because transportation-related emissions are rising. According to the International Energy Agency, if major action is not taken, transport emissions are expected to rise by 60% by 2050, resulting in extreme weather, increasing sea levels, ecosystem damage, health hazards, and unstable economies.

Marius Swart, Partner at Pace Ventures said, “This space is expanding rapidly and we were impressed by the significant demand from large corporates and the financing sector for Clearly’s product. As the transport sector transitions to using greener technologies, we see the need for data-driven procurement and AI-enabled operational decision making broadening at a fast pace. Clearly is making sustainable transportation more than just a choice for its customers, it’s making it a competitive advantage,”

Christy McCaig, Partner at Nine Realms said, “Unlike other tools, Clearly offers actionable insights to help fleet operators achieve their goals in the most commercially viable way,” “We were impressed with the team and their early traction with enterprise customers, and we’re thrilled to support them in their next stage of growth.”

About Clearly

Clearly's goal when it was established in 2021 was to hasten the transport sector's transition to net zero emissions. Twenty-five percent of global energy consumption and carbon emissions are attributed to road travel. Due to the complexity of this industry, decarbonisation calls for cooperation between several different fields. Through data transparency, Clearly, a B2B SaaS firm, enables cities and fleets to achieve net zero emissions.