SaaS Startup Zero44 Has Raised €2.5 Million

Emissions management has become a top priority for companies in the maritime industry. In particular, the EU's decision to extend the Emissions Trading System (EU ETS) to shipping from January 2024 has far-reaching implications for the sector, with zero44 being at the forefront of these implications. However, the Carbon Intensity Indicator (CII) regulations in place since 2023 continue to pose challenges for the sector. Sustainable fuels will play an important role as a solution in the future, as will new types of ships, but they are not yet available in the short term and are very expensive. Therefore, technology solutions that can be deployed immediately are now playing an important role in reducing emissions.

Zero44, a SaaS startup for CO2 management of commercial vessels to help the maritime sector achieve its sustainability goals, announced a successful €2.5 million funding round led by early stage investor Atlantic Labs. Starthub Ventures and Bernhard Schulte Innoport, as well as various business angels from the logistics and maritime industry. Zero44's technology, established with the backing of Flagship Founders, can be deployed quickly and easily by companies and they also benefit from the team's expertise in complex regulatory issues.

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zero44 stands out with new steps

Zero44, established in May 2022, helps companies in the maritime industry (shipping companies, charterers and ship managers) create the most appropriate and commercially sensible CO2 strategy and reduce CO2 significantly and quickly. In particular, Zero44 supports its clients to participate in EU emissions trading, which will become mandatory in the maritime sector from January 2024. In the first year of its existence, Zero44 has managed to win well-known customers and partners, including MPC Container Ships as development partner and MariApps Marine Solutions as distribution partner.