STOCKHOLM, Sept. 22,
2022 /PRNewswire/ -- Hexagon AB, a global leader in
digital reality solutions combining sensor, software and autonomous
technologies, today announced a new venture capital arm of
R-evolution, the sustainable innovation and green-tech investment
subsidiary of Hexagon.
Today's climate emergencies demand urgent investments in
innovative, planet-saving initiatives. It is up to all industries
to decisively address the crisis while supporting economic growth
and green-tech startups are a critical part of the solution. The
R-ventures programme aims to help the green-tech startup ecosystem
accelerate its next breakthroughs through seed funding or in-kind
technology from Hexagon's portfolio.
Material Mapper, a Norwegian-based company, marked the
programme's inaugural investment, targeting the transition to a
circular economy in the buildings sector. Material Mapper focuses
on digitalising construction sites for reusable materials –
ultimately connecting decommissioning projects to new construction
to increase building material reusability.
While R-evolution's search for promising investment
opportunities is closely aligned to its focus areas – renewable
energy and storage, green hydrogen, carbon capture, plastic waste
management, desalination, plant-based food, ecological monitoring,
sustainable agriculture and circular economy transitions — the
company welcomes all entrepreneurs with disruptive innovations to
demonstrate their positive planet impact and rapid growth potential
for consideration.
"Hexagon envisions 2050 to be 'the year of too late.' We started
R-evolution in early 2021 to help industry transition to a
sustainable global economy faster," says Hexagon President and CEO
Ola Rollén. "In just over a year, R-evolution has proven it's
possible to positively impact the environment while generating
profitable business growth. It's now calling on entrepreneurs to
tackle climate emergencies together. The direct investments in
targeted green-tech start-ups will further ignite its ability to
motivate rapid change profitably while giving back to the
planet."
Considerations for R-ventures monetary investments or in-kind
technology require green-tech startups to be in the pre-IPO funding
stage, with an identified product and initial customer base. Seed
investments typically range between 50k to 500k EUR.
Additionally, R-evolution invites partners, private investors,
accelerators, governments, and universities to increase visibility
and outreach to startups. For information, visit
r-evolution.com/r-ventures.
For further information, please contact:
Maria Luthström, Head of Sustainability and Investor Relations,
Hexagon AB, +46 8 601 26 27, ir@hexagon.com
Kristin Christensen, Chief Marketing
Officer, Hexagon AB, +1 404 554 0972, media@hexagon.com
Erik Josefsson, CEO R-evolution,
Hexagon AB, +46 70 857 64 70, erik.josefsson@hexagon.com
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SOURCE Hexagon