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Stockholm, September 22, 2022 /PRNewswire/ – Hexagon AB, a global leader in digital reality solutions combining sensor, software and autonomous technologies, today announced R-evolution Capital, a new arm of Hexagon’s ongoing innovation and green-technology investment.
Today’s climate emergencies demand immediate investments in innovation and initiatives to save the planet. While supporting economic growth and green technology startups are a critical part of the solution, it is up to all industries to decisively address the crisis. The R-ventures program aims to help the green-tech startup ecosystem accelerate its next breakthroughs through seed funding or technology from Hexagon’s portfolio.
Material Mapper, a Norwegian company, marks the first investment in the program targeting the transition to a circular economy in the construction sector. Material Mapper focuses on digitizing construction sites for reusable materials – ultimately connecting construction projects with new construction to increase the reuse of construction materials.
While R-evolution’s search for promising investment opportunities is closely linked to its focus areas – renewable energy and storage, green hydrogen, carbon capture, plastic waste management, desalination, plant food, ecological control, sustainable agriculture and circular economy transitions – the company It embraces all entrepreneurs with disruptive innovations to demonstrate its positive planetary impact and potential for rapid growth.
“Hexagon has made 2050 the ‘Year Too Late.'” Hexagon’s President and CEO said, “We started the R-Evolution in early 2021 to transition the industry to a sustainable global economy.” Ola Rollen. “In one year, R-Evolution has proven that it’s possible to have a positive impact on the environment while driving profitable business growth. Now, it’s calling on entrepreneurs to tackle the climate emergency together. Direct investments in green-tech startups will be fueled even further. Its ability to drive rapid change at a profit while giving to the planet.”
Funding investments for R-ventures or in-kind technology should be considered for green technology startups at the pre-IPO funding stage, with a defined product and an initial customer base. Seed investments are usually made between them 50k to the 500 thousand euros. In addition, R-Evolution invites partners, private investors, accelerators, governments and universities to increase visibility and access for startups. For information, visit r-evolution.com/r-ventures.
For more information please contact:
Maria Lutström, Head of Sustainability and Investor Relations, Hexagon AB, +46 8 601 26 27; [email protected]
Christine ChristensenChief Marketing Officer, Hexagon AB, +1 404 554 0972; [email protected]
Erik JosefssonCEO R-Evolution, Hexagon AB, +46 70 857 64 70; [email protected]
This information comes from Cision http://news.cision.com.
https://news.cision.com/hexagon/r/hexagon-sr-evolution-launches-venture-capital-arm-to-boost-green-tech-startups,c3634557
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