£2.5m to scale shipping sustainability startup Signol

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£2.5m to scale shipping sustainability startup Signol - BusinessCloud

Quick Summary:

The CO2 savings stem from reductions in fuel consumption up to 1% in aviation and 12% in shipping.

London-based venture capital firm East Innovate, which led Signol’s previous funding round, has reinvested.

The round included participation from leading industry stakeholders: Ultranav, a global diversified ship-operator, and MOL PLUS, the venture arm of Japanese shipping company Mitsui O.S.K.Lines, Ltd.(MOL).