Six-figure amount for CO2OPT in seed financing round
Hamburg-based startup CO2OPT offers a digital tire management platform that helps to reduce fuel consumption and CO2 emissions of commercial vehicle fleets by up to 10%. This has now convinced a number of business angels, led by serial founder Thomas Schmidt, to invest a six-figure sum in a seed financing round.
Artificial intelligence is at play at CO2OPT
CO2OPT's goal is to optimize the entire value-added process from the tire manufacturer, to the tire retailer, to the actual user of the tires, the transport company. Maximum transparency and automated processes help to reduce manual activities and thus create significant added value for the customers. Transport companies always have an overview of the performance of their tires, such as. mileage, fuel savings and durability. Artificial Intelligence and big data help determine the optimal vehicle-tire combination of different application profiles.
In addition to Thomas Schmidt, Joachim Drees, Matthias Emme, Ann-Kristin Stockhammer, Cem Kilinc, Hendrik Schubert and Stefan Trumpp are also involved in the financing round. They bring expertise from the areas of mobility, SaaS, supply chain and logistics. The money just raised will be used to grow the company, which was founded in 2021, and to further develop the platform. In addition to expanding marketing and sales activities in other European countries, the founders Frank Seeger, Benjamin Bartsch and Siddhant Tibrewal plan to increase the software team.
You can learn more about CO2OPT in this article.
