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Velocity Ventures invests in CarbonClick that makes carbon offset easy for companies

Singapore-based hospitality & travel-focused VC agency Velocity Ventures has invested an undisclosed quantity in New Zealand’s enviro-tech firm CarbonClick.

The startup will use the funds to spice up its growth into Asia, with a regional workplace in Singapore scheduled to open in 2023.

Based in 2017, CarbonClick goals to make carbon offset easy for companies and their clients. It gives the total particulars of the offset by making certain a receipt is emailed to every buyer, exhibiting the place and the way their contributions have been used with a “monitor and hint” characteristic.

The startup has made inroads into the aviation, journey, and airport sectors and works with over 1,000 manufacturers. The agency works with corporations corresponding to Etihad, Amadeus, and London Stansted Airport.

In Southeast Asia, CarbonClick at present helps Rimba Raya Biodiversity Reserve, a venture in Indonesia’s Central Kalimantan which protects 65,000 hectares of peat swamp, avoiding greater than 130 million tonnes of carbon emissions.

Additionally Learn: Velocity Ventures to again distressed hospitality & journey startups with the brand new US$20M fund

“Extra shoppers now reveal higher consciousness round sustainability and select airways and journey suppliers that align with their environmental values. We’re devoted to making sure our credit stand as much as the best stage of scrutiny and have applied a stringent framework to make sure that the offsets corporations provide to their clients have an actual, measurable impression on lowering local weather change,” stated Dave Rouse, CEO of CarbonClick.

Nicholas Cocks, Managing Companion of Velocity Ventures, added: “As journey rebounds, the journey and hospitality trade has many long-term belongings corresponding to plane and motels the place vital emissions discount merely is just not instantly potential. Carbon offsetting for such corporations presents a direct answer whereas transitioning to achieve web zero objectives. For instance, airways regularly changing their current fleet with extra fuel-efficient plane can take part in voluntary carbon offsetting efforts to make a distinction. Pricing the detrimental externality of carbon emissions and offering high quality carbon offsets is significant to provoke fast motion moderately than lengthen collective inertia.”

Velocity Ventures invests in growth-stage tech-enabled corporations throughout 5 verticals: journey providers, transportation, lodging, F&B, and experiences. Its investments embrace Aigens, Meals Market Hub, TableVibe, TripGuru, and Hyper Robotics.

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