ClimateView unveiled plans to help the growing numbers of cities with net zero commitments identify the most cost-effective route to decarbonise their economies as it announced the close of a €10 million funding round.The funding round was co-led by CommerzVentures and NordicNinja, with investments from 2050., Norrsken and Gaingels.
Newcastle, Mannheim and Bern are among more than 30 cities and municipalities across six countries that already use the technology company’s unique ClimateOS platform to define and implement a comprehensive strategy to meet their climate targets and manage the complexities of the low-carbon transition.
Paul Morgenthaler, Partner at CommerzVentures, said: “Cities around the world are placing carbon reduction at the heart of their agenda and looking to cut emissions across every sector of their economy. ClimateView’s technology makes this complex challenge manageable, enabling effective decarbonisation strategies that can deliver thriving and sustainable economies – an essential tool for any global city
ClimateView will use the investment to enhance ClimateOS and make it available in additional markets in Europe, North America and beyond. It is about to pilot functionality that will allow cities to identify the costs of each of the numerous shifts they can take to cut emissions – from encouraging uptake of EVs to retrofitting old buildings to make them more energy efficient – and their co-benefits, such as better health through cleaner air and warmer homes.
Tomer Shalit, ClimateView founder and Chief Product Officer, said: “Cities have to cut carbon fast, but it’s hard to plan how to meet their commitments while maintaining a thriving economy. ClimateOS makes the challenge of decarbonisation manageable, enabling cities to identify their best route to net zero, make the right investments, and manage a successful transition in one living climate action plan.”