Sustainability startup Signol has secured £2.5 million in funding to advance its technology that leverages behavioural science to cut emissions in the shipping and aviation sectors. The investment round was spearheaded by New York-based venture capital firm TMV, with notable participation from Ultranav and MOL PLUS, the venture arm of Japan’s Mitsui O.S.K. Lines. London-based East Innovate, which led a previous funding round, also reinvested. Signol’s CEO Michael Fanning highlighted that the funding would accelerate the company’s growth and impact. Signol’s technology has already saved more than 100,000 metric tonnes of CO2, and it aims to push further by integrating AI to optimize human decision-making. TMV’s co-founder Marina Hadjipateras emphasized the importance of investing in impactful solutions for legacy industries, noting that Signol’s human-centric approach offers significant opportunities for sustainability improvements across various sectors.
Sustainability Technology, Maritime and Aviation, Venture Capital,United Kingdom, United States, Japan
https://businesscloud.co.uk/news/2-5m-to-scale-shipping-sustainability-startup-signol/