Automotus is Reducing Emissions, Congestion, and Safety Hazards on the Curb
Seattle, WA, July 16, 2024 -
One of four finalists, Automotus received funding in September 2021 from E8’s second round of Decarbon8-US, E8’s philanthropic investment fund, which focused on transportation. Automotus utilizes curb management solutions to reduce emissions, congestion, and safety hazards by using machine learning on data collected through cameras and more.
Traffic congestion is not only frustrating to busy drivers but also damages our environment as idling cars emit harmful greenhouse gasses. Automotus’s curb management solutions address this issue by helping cities, airports, fleets, and businesses increase revenue while creating more sustainable and equitable streets.
Decarbon8-US invests philanthropic donations and grants into early stage companies working in clean technology. Because of the rigorous and competitive process of receiving funding from Decarbon8-US, it helps unlock funding from others, increasing its impact and the impact of the contributions received.
"Getting Decarbon8 on the cap table was a great signal to other climate investors in the ecosystem,” says Jordan Justus, CEO of Automotus. “Since their investment we've landed grants from the US Department of Energy and US Department of Transportation with a specific focus on decarbonizing last-mile delivery, and have expanded internationally.”
Since receiving funding from Decarbon8-US in 2021, Automotus has maxed out production in its pilot facility at its headquarters and is planning a larger production facility to continue exponential scale-up. They have more than 4000 cameras under contract, deploying at major municipalities and airports including Santa Monica, Los Angeles and Pittsburgh.
“Quantifying and validating our climate impact for Decarbon8 was also an incredibly useful exercise that has served as diligence for later investors as well as a number of customers,” explains Justus. “We are grateful for their partnership!"
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Decarbon8-US is now accepting donations and grants for the 2024 round, focused on renewable energy. Anyone, at any amount, can make a charitable donation to Decarbon8-US to invest in technologies that will accelerate our transition to a cleaner world. All donations to Decarbon8-US are tax-deductible and are made to our 501(c)(3) partner Realize Impact, who administers the Fund.
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About Decarbon8-US
Decarbon8-US is E8’s philanthropic impact fund. It uses donations and grants to invest in early stage companies whose technologies accelerate the transition to environmentally sustainable solutions. Entrepreneurs apply in the spring and a team of investors, fellows, and expert judges choose 2-4 companies to receive funding in the fall. Each year the Decarbon8-US Fund focuses on a different theme around decarbonization. This year, the theme is renewable energy. In 2021 the theme was transportation.
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Contact Information:
Email: director@e8angels.com
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