Zeroe Secures $2.3 Million Investment to Fast-track AI-driven Emissions Management

Zeroe Secures $2.3 Million Investment to Fast-track AI-driven Emissions Management

By Press Release, 10 March 2024

UAE-based Zeroe has announced a seed investment boost by the VOYAGERS ClimateTech Fund, taking the total raise to $2.3 million. The funding empowers Zeroe to bring forward the development timeline on its AI-integrated SaaS platform, which intelligently automates carbon emission calculations, saving companies time and money in the process of sourcing capital to fund their transition to net zero.

A Market Responding to Rising Demand for Emissions Transparency

Zeroe is responding to an ever-increasing demand in the market for robust emissions measurement and reporting. As stakeholders intensify their scrutiny on corporate environmental impact, Zeroe's platform emerges as a critical tool for aligning businesses with these evolving expectations.

Harnessing AI for Sustainable Transformation

With limited available emissions expertise globally, Zeroe leverages AI to rapidly ingest raw data and intelligently map emissions factors, allowing for GHG protocol-compliant carbon accounting at scale.

Accelerating Access to Sustainable Finance

Recognising the substantial financial implications of transitioning to net-zero—a challenge estimated to cost trillions globally—Zeroe's platform is a game-changer. It facilitates easier access to necessary capital by aiding organisations in meeting stakeholder reporting requirements and securing the funding essential for their decarbonisation efforts.

Farouk Jivani, co-founder and CEO of Zeroe, shares his enthusiasm: "We’re excited to be VOYAGERS’ second investment in the region, and we believe this investment confirms our push to be a leading solution in supporting organisations to measure emissions and access sustainable finance. We are on the cusp of a new era in corporate environmental responsibility, and we believe Zeroe empowers organisations on this journey.”

In December 2023, Zeroe raised $2.2 million in a Seed round led by Indonesian investor Owen Rahadiyan.


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