Signol, a London, UK-based sustainability startup using science to reduce emissions in shipping and aviation, raised £2.5M in funding.
The round was led by TMV, with participation from Ultranav, MOL PLUS, and East Innovate.
The company intends to use the funds to further enhance its solution and increase commercial traction in the aviation and shipping industries. It will also implement a proof-of-concept (POC) in the corporate travel sector, using behaviour change to reduce avoidable emissions from business travel.
Led by CEO Michael Fanning, Signol is a sustainability-focused behaviour change service that uses data and behavioural science to motivate and engage employees towards more sustainable decisions. It achieves this through a scalable communications platform which delivers techniques for maritime and aviation crew members to act on their opportunities to save fuel.
FinSMEs
02/09/2024