Climate intelligence platform Clearly has raised a £3.4 million seed round of funding.
The London firm, led by co-founder Danielle Walsh, uses artificial intelligence to provide fleet operators with critical trip-level emission and energy insights.
The round, led by Pace Ventures and Nine Realms, also saw participation from existing mobility investors Mobilion, Next Gear and M1720 alongside notable angels Lord Nash and Margaux Primat.
The new investment will be used to 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.
It already counts some of the world’s largest blue-chip companies across the US, Europe, and Asia, among its customers and partners, including Webfleet, Bridgestone’s globally trusted fleet management solution.
It is generating valuable insights from tracking over 100 million trips by working alongside consumer goods companies, international parcel delivery services, leading vehicle distributors, logistics operators, and fleet management firms.
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“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,” said CEO Walsh.
“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.”
Pedro Baiz, co-founder and CDO, added: “We are deliberately hardware-agnostic, which means our platform is compatible with any data source, overcoming the significant initial challenge of data acquisition.”
Once integrated, Clearly’s powerful AI system runs thousands of scenarios to identify targeted interventions, enabling management teams to not only determine strategic options such as ideal vehicle configuration, but also guide individuals like drivers and optimise processes involved in operating them.
“This space is expanding rapidly and we were impressed by the significant demand from large corporates and the financing sector for Clearly’s product,” commented Marius Swart, partner at Pace Ventures.
“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, added: “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.”