TLDR:
- Sustainability startup Signol raises £2.5M to reduce aviation emissions
- Signol’s tech-enabled behavior change service helps industries engage their workforce to reduce emissions
Sustainability startup Signol has raised £2.5m from leading industry-focused investors to reduce aviation emissions. The investment round was led by New York-based venture capital firm TMV, with participation from Ultranav and MOL PLUS. Signol’s software highlights surplus emissions resulting from human error and has saved shipping and aviation companies more than 100,000 metric tons of CO2. The company plans to explore how AI can empower individuals to perform their jobs more efficiently and effectively, in addition to focusing on enhancing its solution in the aviation and shipping industries.
TMV’s co-founder Marina Hadjipateras emphasized the importance of investing in solutions that can improve the sustainability and efficiency of legacy industries like shipping. Signol’s human-centric approach has been endorsed by industry-leading companies like Ultranav and MOL, and the company plans to implement a proof-of-concept in the corporate travel sector to reduce avoidable emissions from business travel. Signol’s CEO, Michael Fanning, is confident that the investment will accelerate Signol’s growth and impact in reducing emissions.
