Sustable, a sustainability-focused local startup, took an important step towards growth with the investment it received from Atis Holding and Smartup Partners with a valuation of $5 million.
Sustable, Turkiye’s first and only Turkish Standards Institute (TSE) licensed Climate Management and Accounting Platform (CMAP), received investment at a valuation of $5 million. Atis Holding and Smartup Partners participated in the investment tour.
Sustable offers companies the capabilities to streamline carbon footprint and Environmental, Social, Governance (ESG) management, set decarbonization strategies, manage carbon offset certificates, and create carbon reduction models in line with the temperature increase scenarios targeted by the Paris Agreement.
By adopting the vision of end-to-end automated business processes, it performs automatic calculations and produces error-free carbon reporting (GHG Protocol, ISO 14064-1, PCAF) ready for verification. The platform facilitates emissions tracking in supply chain processes and provides a unique financial service solution for banks by enabling the management of financed emissions.
The artificial intelligence (AI)-based decarbonization modeling and simulation module on the platform provides companies with a comprehensive decarbonization management infrastructure. The Sustable team is currently working on continuous improvements to activity data anomaly detection using natural language processing and reporting services and artificial intelligence (AI).
Officials from Atis Holding and Smartup Partners, which made the investment, said, “We believe that this investment will contribute to the company’s growth and greater impact in the global market.”
Sustable’s founder, Mustafa Uysal, made the following statement regarding their future goals:
“We have become a pioneer in our country by rapidly taking innovative steps in the field of Climate Management and Accounting Platform (CMAP) technologies. We will make it easier for companies to achieve their net zero targets with our newly introduced high-tech modules such as Environmental, Social, Governance (ESG) Management, Supply Chain Emission Tracking, Financed Emissions Management, and Decarbonization Simulation. Our aim is to play a leading role in the global arena in sustainability and be a key element in helping companies achieve their zero carbon goals. We aim to cooperate with more international companies in the coming period to contribute to this mission.”
With its advanced technological infrastructure, Sustable is taking firm steps towards global leadership in the field of Climate Management and Accounting Platform (CMAP) technologies.
Source: Egirisim / Prepared by Irem Yildiz