Singapore's LEVEL UP Acquires Carbon Counter Zevero
April 23, 2024 : The landscape of carbon accounting has witnessed a significant shift with the acquisition of Zevero, a prominent provider of a decarbonization platform, by LEVELUP, a Singapore-based climate technology (climate) company. This strategic move, announced on April 17, 2024, signifies a growing emphasis on data-driven solutions for businesses aiming to reduce their environmental footprint.
Zevero, headquartered in London, UK, has established itself as a leader in carbon accounting, specifically catering to the fast-moving consumer goods (FMCG) industry. Their software platform leverages artificial intelligence (AI) and machine learning to streamline carbon footprint measurement and analysis. Zevero’s technology empowers businesses to identify and quantify greenhouse gas (GHG) emissions across their entire supply chain, encompassing everything from raw material sourcing to product distribution.
LEVELUP, however, brings a complementary set of strengths to the table. This Singaporean climate change company focuses on facilitating the transition towards a low-carbon economy across Southeast Asia. Its expertise lies in developing innovative solutions that assist businesses in achieving their sustainability goals.
The combined entity, operating under the Zevero brand, will benefit from a broader geographic reach and an enhanced service portfolio. Zevero’s established presence in Europe will be bolstered by LEVELUP’s strong network within Southeast Asia, creating a truly global carbon accounting solution. Furthermore, the combined expertise of both companies will allow them to offer clients a more comprehensive suite of sustainability solutions, extending beyond just carbon footprint measurement.
The acquisition’s financial terms remain confidential; however, the press release highlights a multi-million-pound deal, signifying a significant investment in the future of carbon accounting. This transaction underscores the growing importance of accurate and transparent data in the fight against climate change; by equipping businesses with the tools to measure and manage their carbon footprint, Zevero, and LEVEL UP position themselves as key players in facilitating a global transition toward a more sustainable future.
Analysts anticipate this acquisition will ripple effect throughout the climatech sector. The combined strength of Zevero and LEVELUP will likely spur innovation in carbon accounting technologies and potentially influence the adoption of similar data-driven approaches to sustainability within other industries. The success of this venture will be closely monitored as it serves as a potential model for future collaborations within the dynamic climate landscape.
