STOCKHOLM, September 22, 2022 /PRNewswire/ — Hexagon AB, a global leader in digital reality solutions combining sensors, software and autonomous technologies, today announced the creation of a new venture arm of R-evolution, the subsidiary of investment in sustainable innovation and green technologies at Hexagon.
Today’s climate emergencies require urgent investments in innovative initiatives that save the planet. It is up to all industries to deal decisively with the crisis while supporting economic growth and green tech startups are a critical part of the solution. The R-ventures program aims to help the ecosystem of green technology startups accelerate their next breakthroughs through seed funding or in-kind technology from Hexagon’s portfolio.
Material Mapper, a Norway-based company, marked the program’s inaugural investment, targeting the transition to a circular economy in the buildings sector. Material Mapper focuses on digitizing construction sites for reusable materials – ultimately connecting decommissioning projects with new construction to increase the reuse of building materials.
While R-evolution’s search for promising investment opportunities is closely aligned with 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 Society welcomes all entrepreneurs with disruptive innovations to demonstrate their positive impact on the planet and their potential for rapid growth for consideration.
“Hexagon envisions 2050 as ‘the year too late.’ hexagon. Ola Rollen. “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. It now calls on entrepreneurs to tackle climate emergencies together Direct investments in start-ups target its ability to drive rapid change profitably while giving back to the planet.”
Monetary investment considerations for R-ventures or in-kind technology require green tech startups to be in the pre-IPO funding stage, with an identified product and initial customer base. Start-up investments typically vary between 50k at €500,000. Additionally, R-evolution invites partners, private investors, accelerators, governments and universities to increase the visibility and reach of startups. For more information, visit r-evolution.com/r-ventures.
For more information, please contact:
Maria Luthström, Head of Sustainability and Investor Relations, Hexagon AB, +46 8 601 26 27, [email protected]
Christine ChristensenMarketing Director, Hexagon AB, +1 404 554 0972, [email protected]
Erik JosefssonCEO R-evolution, Hexagon AB, +46 70 857 64 70, [email protected]
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