Highlights

• Clearly raises $4.3m to tackle transport emissions.
• Data-driven solution for fleet optimisation.
• Driving behaviour is a key factor in emissions reduction.
• Addressing the urgent need for climate action.

Clearly, an AI platform for climate intelligence, has raised $4.3m. The proceeds will be used to add to product and grow the team.

The round was led by Pace Ventures and Nine Realms with Mobilion, Next Gear, M1720 and Lord Nash and Margaux Primat also participating.

The transport sector is 25% of global emissions so a key area for CO2 reduction. To get to net zero road transport alone requires an annual investment of $1.75 trillion. This is why over 50% of CEOs are looking for better data to reduce emissions according to the UN.

Clearly solves this problem by giving logistics operators and fleet managers the insights they need to make real-time decisions to improve operational and financial efficiency. Its technology combines data from multiple sources – vehicle performance, operational metrics, asset details, energy use – to give emission insights. So operators can choose the right decarbonisation strategies and get funding for those initiatives.

The platform helps operators save while meeting regulatory requirements by assessing the true costs and risks of decarbonisation. Clearly serves big blue chip companies across the US, Europe and Asia including Webfleet and Bridgestone’s fleet management solution and has analysed over 100 million trips through partnerships with consumer goods companies, parcel delivery services, vehicle distributors and logistics firms.

Danielle Walsh, Founder and CEO of Clearly, says, "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."

Clearly’s AI runs multiple scenarios to identify specific interventions, optimise vehicle configuration and driver behaviour. Danielle Walsh says “Fleet electrification is important but driver behaviour can impact fuel consumption by up to 30%”. The platform gives companies immediate improvement in both environmental and financial outcomes.

Transportation emissions are expected to rise by 60% by 2050 so companies need to act fast. The International Energy Agency warns of severe weather, rising sea levels, ecosystem disruption, health risks and economic instability if emissions aren’t addressed.

Marius Swart, Partner at Pace Ventures, says, “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."

As Clearly grows in this market they will continue to drive environmental and economic benefits globally so the world does not come at the expense of the planet.

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Source: Clearly