Maven and Amati invest £5 million in climate tech software platform Manufacture 2030
Summary
Maven Capital Partners (Maven), one of the UKs most active investors in growing businesses, has today announced that the Maven VCTs have invested \xa33 million, alongside Amati AIM VCT, managed by Amati Global Investors (Amati) investing \xa32 million, in Manufacture 2030 (M2030), an Oxford-based technology company, that works with some of the worlds largest businesses to reduce greenhouse gas (GHG) emissions across the value chain, including hard-to-measure, third party Scope 3 emissions.M2030s highly scalable SaaS platform and support services enable suppliers to measure, manage and reduce their environmental impacts, cut costs, and reduce risks, all while helping their customers meet their climate goals. The funding from the Maven VCTs and Amati AIM VCT will be used by M2030 to capitalise on opportunities in key global markets, including the pharmaceutical, retail, automotive and consumer packaged goods, while expanding into carefully selected new sectors. The business occupies an attractive position in a rapidly growing market that has strong underlying drivers, as global corporations and organisations seek to achieve net zero targets set by government and intranational institutions. M2030 makes it easier for suppliers to achieve this.Luke Matthews, Investment Director at Maven, said; The manufacturing sector and its 17 million factories are responsible for a third of global energy consumption and 36% of carbon emissions. As a result, sustainability has become increasingly prominent in the agenda of corporate decision makers and solutions such as M2030s are playing a critical role in helping manufacturers to become more resource efficient and minimise their environmental impact.