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Hexagon R-evolution Launches Venture Capital Division to Boost Greentech Startups Including Hydrogen

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Hexagon R-evolution launches venture capital arm to boost green tech start-ups, including hydrogen.

Hexagon AB, a global leader in digital reality solutions that combine sensors, software and autonomous technology, has announced a new venture capital arm of R-evolution, Hexagon’s sustainable innovation and green technology investment subsidiary.

Today’s climate emergency calls for urgent investment in innovative initiatives to save the planet. Addressing the crisis decisively while supporting economic growth is the responsibility of all industries, and green tech start-ups are a key part of the solution.

The R-ventures program aims to help the green tech startup ecosystem accelerate their next breakthrough through seed funding or in-kind technology from Hexagon’s portfolio.

A Norwegian-based company, Material Mapper, marks the first investment in the programme, with the goal of moving towards a circular economy in the building sector.

Material Mapper focuses on digitizing construction sites for reusable materials, ultimately connecting demolition projects to new construction and increasing the reusability of building materials.

R-evolution’s exploration of promising investment opportunities includes renewable energy and storage, green hydrogen, carbon capture, plastic waste management, desalination, plant-based food, ecological monitoring, sustainable agriculture, circular economy. It works closely with focus areas such as the transition to Every entrepreneur with disruptive innovation demonstrates positive impact on the planet and potential for rapid growth.

Hexagon President and CEO Ola Rolln said:

Hexagon predicts that 2050 will be “too late”. In early 2021 he will launch R-evolution to help the industry accelerate its transition to a sustainable global economy.

“In just over a year, R-evolution has proven that it can create profitable business growth while making a positive impact on the environment. Calling home: Direct investments in targeted greentech startups will further ignite our ability to incentivize rapid change and make it profitable while giving back to the planet.”

R-ventures financial investment or physical technology considerations require that greentech startups are in the pre-IPO fundraising stage and have an identified product and early customer base. Seed investments typically range from €50,000 to €500,000.

Additionally, R-evolution invites partners, private investors, accelerators, governments, and universities to increase awareness and outreach to startups. For more information, visit visitor-evolution.com/r-ventures.

Read the latest news shaping the hydrogen market at Hydrogen Central

Hexagon’s R-evolution Launches Venture Capital Division to Boost Green Tech Startups STOCKHOLM, September 22, 2022

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