(MENAFN- Frost & Sullivan)
Getting Your Carbon Under Control is a Critical Matter, carbmee is the Best Solution for Resolution
An end-to-end AI-based carbon management solution that tracks, measures, and analyzes scope 1,2, and 3 emissions across the supply chain
“With its game-changing Environmental Intelligence System-enabled carbon management platform, carbmee delivers the industry's first tool that holistically tracks, measures, and analyzes scope 1, 2, and 3 emissions. Carbmee stands out from competitors based on its commitment to innovation, creativity, and ability to launch solutions with far-reaching impact and application.”
Senior Industry Analyst – Energy & Environment
In the last ten years, significant global concerns have been raised about climate change and greenhouse gas emissions. Carbon dioxide, the main contributor to climate change, remains in the atmosphere and keep heating the planet for more than 50 years after being emitted. Global carbon dioxide emissions will reach 43.08 billion metric tons per annum by 2050, and heavy industries such as steel, chemicals, and concrete will contribute almost 68% of these emissions.
With the onset of the Paris Agreement in 2015, 193 countries agreed to reduce their emissions, collaborate to address climate change's impact, and call on their governments to strengthen their commitments over time.
As many companies globally commit to net-zero and science-based targets, the industry's focus is gradually shifting from responsible sourcing, onsite recycling, and alternative energy solutions to tackling emission reduction across the value chain. However, reducing value chain emissions is difficult due to the rigid, complex, and expansive enterprise data often scattered across fragmented systems. Furthermore, the tools currently available in the market are limited to enabling the mandatory tracking of scope 1 (i.e., direct emissions from a company's facilities and vehicles) and scope 2 (i.e., indirect emissions from purchased electricity, steam, heat, and cooling consumption) emissions.
Founded in 2021 and headquartered in Berlin, Germany, carbmee is an enterprise software company offering a game-changing Environmental Intelligence System (EIS)-enabled carbon management platform. The company has grown to more than 50 employees and has offices in Berlin, Munich, New York, and Palo Alto. Carbmee has successfully identified the existing market gaps and launched its innovative carbon management solution as the industry's first tool that holistically tracks, measures, and analyzes scope 1, 2, and 3 emissions (any indirect emissions released across organization's supply chain activities).
Carbmee has revolutionized how companies can measure, manage, and report their scope 1, 2, and 3 emissions. The company's EIS solution is not just a reporting tool or an offsetting platform; it is a complete solution that can integrate operational ERP data to identify and abate emissions at their source, thereby managing carbon reduction initiatives as effectively as possible. The solution calculates carbon footprints down to a supplier-specific level by linking emissions from materials, transactions, logistics, and supplier data to globally recognized standards and methodologies. Moreover, unlike its contemporaries, carbmee's solution combines bottom-up and top-down approaches to address enterprises' end-to-end carbon management needs. As a result, carbmee supports customers in their paths towards net-zero by efficiently facilitating the decarbonization of their complex supply chains and procurement activities. These initiatives resulted in the Berlin-based carbon management SaaS company's acceptance into the German Accelerator's 2022 cohort. The German Accelerator program empowers German startups to scale globally, placing high-potential companies on a fast-paced learning journey to understand, discover, and access the world's leading innovation hubs across the United States and Asia.
Carbmee serves enterprise customers across various industry verticals, including fast-moving consumer goods, automotive, logistics, and pharmaceuticals. The company provides exceptional customer service through its dedicated team of client success experts that support customers with platform onboarding, operation, and interpretation. The team offers virtual workshops and support calls during the first four to six weeks to facilitate smooth and efficient onboarding. Within its first year of operations, carbmee successfully amassed a robust customer portfolio, including leading global companies such as Infineon, Kärcher, Infarm, and KWS Seed. Carbmee also secured senior industry experts Dominik Steffani and Karsten Wysk from Boston Consulting Group as part of its management team.
With its unique technological capabilities and customer-centric approach, carbmee is well-positioned to lead the carbon management solutions space in the European and United States market, where industry decarbonization is becoming increasingly important. The company expects to register a remarkable 120X revenue growth in 2022 with an annual recurring revenue score of 2.7. To support this growth, carbmee plans to expand its workforce from 40 employees in 2021 to 100 in 2022 and to 200 by the end of 2023. Moving forward, the company will implement a structured go-to-market strategy to enter new European markets beyond Germany, Austria, and Switzerland in the fourth quarter of 2022. Similarly, carbmee intends to accelerate its expansion into the North American market, building on the momentum of the growing customer interest facilitated by Frost & Sullivan's recognition of the company with the 2022 European Enabling Technology Leadership Award in the carbon management industry.
Technology integration is a critical success factor for the carbon management industry. Market stakeholders need to leverage the most appropriate technology-based solutions to optimize their market impact. With its game-changing EIS-enabled carbon management platform, carbmee delivers the industry's first tool that holistically tracks, measures, and analyzes scope 1, 2, and 3 emissions. The company's easy-to-use platform provides precise data down to the materials level and offers powerful collaborative features and automated recommendations that empower its customers' operational teams to take meaningful climate action.
About Mahesh Radhakrishnan
Mahesh Radhakrishnan is a Senior Industry Analyst with the Energy and Environment team at Frost & Sullivan and is based in Toronto, Canada. He has over 13 years of experience in the oil and gas industry and has worked with various oil and gas companies and consulting companies in India and Norway. In his role, Mahesh's work centers on decarbonization strategies in the oil and gas industry; carbon capture, utilization, and storage (CCUS); digitalization of the oil and gas industry; and energy transition. He focuses on understanding the role of emissions management within the oil and gas industry, net-zero and decarbonization, and new business models reshaping the oil and gas industry. He holds a Bachelor of Engineering in Chemical from the University of Mumbai, India and a Master of Business Administration in oil and gas industry from the University of Petroleum and Energy Studies, Dehradun, India.
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