“Clearly, a company in London, raised $4.3M to improve its AI tools that help fleets lower emissions and become more eco-friendly.
Clearly, a London-based company, has successfully raised $4.3 million in seed funding to expand its climate intelligence platform.
This platform uses advanced artificial intelligence (AI) to provide fleet operators with detailed insights into emissions and energy use on a trip-by-trip basis.
Investment Details
The funding round was led by Pace Ventures and Nine Realms, both of which are known for investing in innovative technology companies. Alongside these leading investors, existing mobility-focused investors also participated, including:
- Mobilion
- Next Gear
- M1720
Additionally, individual investors such as Lord Nash and Margaux Primat also contributed to the round.
Purpose of the Funding
The new funding will be used to further enhance Clearly’s product offerings.
The company plans to expand its suite of AI tools and capabilities to provide even more comprehensive solutions for its customers.
This will allow Clearly to strengthen its position as a leader in climate intelligence for the transport sector.
About Clearly and Its Technology
Clearly was founded by Danielle Walsh, who serves as the CEO. The company has developed a unique climate intelligence platform that leverages proprietary AI algorithms.
This platform is designed to help large corporations, particularly those in the transport industry, gain a deeper understanding of their supply chains and achieve greater transparency in their data.
The key features of Clearly’s platform include:
- Supply Chain Intelligence: Clearly’s platform provides detailed insights into the supply chain, helping companies understand and manage their carbon footprint more effectively.
- Data Transparency: The platform offers high levels of data transparency, ensuring that all stakeholders have access to the information they need to make informed decisions.
- Net-Zero Targets: By using Clearly’s platform, companies can work towards achieving their net-zero emissions goals. The platform provides actionable insights that help companies reduce their carbon emissions and improve their sustainability practices.
Integration and Data Security
Clearly’s technology is designed to integrate seamlessly with customers’ existing systems and data lakes.
This ensures that fleet owners, operators, and suppliers can easily access and use the insights provided by the platform.
The company places a strong emphasis on data security, ensuring that all customer data is protected.
Data Sources and Insights
The platform combines data from a wide range of sources to generate its insights. These sources include:
- Vehicle Movement and Performance: Data from GPS, tracking systems, and Internet of Things (IoT) devices are used to monitor the movement and performance of vehicles in real-time.
- Operational Data: Information such as the weight of goods being transported and the number of packages is integrated into the platform.
- Asset Data: The platform takes into account the type of vehicles being used, the condition of tires, and other relevant factors.
- Energy Data: The platform tracks the fuel and electricity used by vehicles to provide a complete picture of energy consumption.
These insights are provided in real-time, allowing fleet managers to make data-driven decisions. The platform helps them identify the most effective ways to reduce carbon emissions and offers guidance on securing financing for decarbonization initiatives.
Industry Impact and Global Reach
Clearly’s platform has already proven its value by tracking over 100 million trips. The company works with a variety of partners, including consumer goods companies, international parcel delivery services, leading vehicle distributors, logistics operators, and fleet management firms.
The platform is trusted by some of the world’s largest corporations across the United States, Europe, and Asia. One of its key clients is Webfleet, a globally recognized fleet management solution offered by Bridgestone.
Conclusion
Clearly’s recent funding success highlights the growing importance of climate intelligence in the transport sector. With its advanced AI-driven platform, the company is well-positioned to help businesses around the world achieve their sustainability goals while improving their operational efficiency. The new funding will allow Clearly to continue innovating and expanding its offerings, making it a key player in the fight against climate change.