Hexagon AB, a global leader in digital reality solutions that combines sensors, software and autonomous technology, today announced the creation of a new venture arm of R-Evolution, subsidiary that invests and innovates sustainably in Hexagon’s green technologies.
Today’s climate emergencies call for urgent investment in innovative initiatives to save the planet. All industries must tackle the crisis once and for all while supporting economic growth and green tech startups being an important part of the solution. The R-Ventures program aims to help the ecosystem of green tech startups accelerate their next forays through seed funding or in-kind technology from Hexagon’s portfolio.
Material Mapper, a company based in Norway, has marked the first investment of the program, which aims to transform to a circular economy in the construction sector. Material Mapper focuses on digitizing construction sites for reusable materials – ultimately connecting decommissioned projects with new construction to increase the reuse of building materials.
While R-Evolution’s search for promising investment opportunities aligns closely with its focus areas – renewable energy and storage, green hydrogen, carbon capture, plastic waste management , desalination, plant-based foods, ecological monitoring, sustainable agriculture and circular economy transformation – Society welcomes all entrepreneurs with disruptive innovations to demonstrate a positive impact their polarity towards the planet and their potential for rapid growth to consider.
Consider monetary investment for R or in-kind technology projects that require green tech startups that are in the pre-IPO funding stage, with a defined product and initial customer base . Startup investments typically range from 50,000 to 500,000 EUR. In addition, R-Evolution invites partners, private investors, accelerators, governments and universities to increase the visibility and reach of startups.
“Hexagon considers 2050 to be Hexagon’s ‘too late’ year.” In just over a year, R-evolution has proven that it is possible to have a positive impact on the environment while generating profitable business growth. Now, it calls on entrepreneurs to come together to face climate emergencies. Direct investments in targeted green tech startups will further enhance their ability to drive rapid change profitably while benefiting the planet. ”