Clearly, a UK-based climate intelligence platform has closed $4.3 million in seed funding. Pace Ventures and Nine Realms led the round alongside participation from existing mobility investors Mobilion, Next Gear, and M1720 alongside notable angels Lord Nash and Margaux Primat.
The new investment will enhance the company’s existing product offering and add to its growing suite of proprietary AI capabilities. Clearly will also be scaling its team further to meet the global demand for its product.
For the next growth stage, the company aims to drive substantial environmental and economic benefits for organisations worldwide and ensure global prosperity does not come at the planet’s expense.
“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.” commented Marius Swart, Partner at Pace Ventures.
“Unlike other tools, Clearly offers actionable insights to help fleet operators achieve their goals in the most commercially viable way” added Christy McCaig, Partner at Nine Realms. “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.”
What challenge does it tackle?
Reportedly, the transport sector accounts for 25% of global emissions and decarbonising supply chains holds one of the largest keys to unlocking a reduction of CO2 in the atmosphere. Road transportation alone requires an annual spend of $1.75 trillion to reach net-zero goals.
Founded in 2021 by ex-HSBC Director Danielle Walsh, Clearly makes it easier for fleet owners and operators to make real-time operational decisions capable of improving financial and energy efficiency.
What does Clearly do?
The company logistics operators, fleet owners, and other supply chain participants with the critical insights needed to make real-time decisions capable of significantly enhancing operational and financial efficiency.
Enabling global corporations to hit net-zero targets, the company’s proprietary technology overcomes the limitations of existing approaches by integrating and blending data from a broad range of sources. These real-time insights help operators identify and choose the most effective decarbonisation initiatives, and facilitate access to financing for these.
Its AI-enabled climate intelligence platform is already used by some of the world’s largest blue-chip companies across the US, Europe, and Asia and has tracked data from over 100 million trips working alongside consumer goods companies, international parcel delivery services, vehicle distributors, and fleet management firms.
“While fleet electrification provides a significant step towards reducing emissions, our data was able to show that as much as 30% of fuel consumption is influenced by driving behaviour alone. By making actionable insights like these readily available, we’re able to help companies improve the way their businesses operate, highlighting strategic optionality beyond capital-intensive adjustments to vehicle fleet mix, and recommend changes that can be made immediately to improve environmental and financial outcomes.” added Danielle Walsh, CEO of Clearly.
Competition
As per the company, there are no direct competitors that offer all the features and capabilities offered by Clearly. There are however organisations that offer part of its solution, such as Shipzero, NxtLog, Sennder, Transporeon, and Zeti.
What do we think about Clearly?
The company is making significant strides in the decarbonisation of the transport sector with its AI-powered climate intelligence platform. Offering real-time insights that enhance operational and financial efficiency, enables global corporations to meet net-zero targets effectively. Its innovative approach not only optimises fleet operations but also provides a competitive edge, making sustainability a viable and impactful choice for businesses worldwide.
