Copenhagen-based CleanTech startup ZeroNorth closed out 2024 on a excessive observe, attaining its first month of constructive EBITDA in December. The milestone displays the corporate’s fast progress and rising market traction, with annual recurring income (ARR) reaching just below €38.5 million—a 38% bounce from the earlier 12 months.
Søren Meyer, CEO of ZeroNorth, stated: “Reaching working revenue is a vital milestone for ZeroNorth and a mirrored image of the dedication of our staff and the belief of our prospects. Reaching this level highlights our means to construct a sustainable enterprise mannequin whereas scaling quickly. Extra importantly, it displays the essential function of knowledge and expertise because the delivery business tackles the complexities of the power transition. With this basis, we’re strongly positioned to speed up our progress, and proceed to allow our prospects to make knowledgeable choices, enhance effectivity and reduce emissions.”
Based in 2020, ZeroNorth has been making waves within the maritime business with its AI-powered platform that helps delivery and power corporations optimise gasoline consumption and scale back emissions. With over 230 delivery and power corporations already onboard, the corporate goals to determine itself as a key participant within the sector’s digital transformation.
ZeroNorth equips vessel homeowners, industrial operators, charterers, cargo homeowners, and bunker suppliers with the instruments to realize operational excellence, scale back emissions, and steer the business towards a extra sustainable future.
Over the previous 4 years, the corporate has expanded from a staff of six to 600 staff throughout 10 international places and accomplished six strategic acquisitions—together with its February 2024 merger with Alpha Ori Applied sciences.
Leveraging superior AI-driven analytics, ZeroNorth has developed a unified platform that drives effectivity and sustainability at scale. In 2024 alone, it optimised 1.3 million voyages by producing 1.5 million routes, slicing multiple million metric tonnes of CO2 emissions.
As startups and scaleups face rising strain to prioritise monetary sustainability amid rising rates of interest, ZeroNorth’s worthwhile milestone underscores its means to steadiness aggressive enlargement with long-term viability.
The corporate’s platform processes billions of knowledge factors, making certain seamless info stream from ship to shore and all through your entire maritime worth chain.
“We’ve been in a position to get a vessel up and operating inside every week, together with the entire means of getting the technical paperwork from the pool companion and for the primary report to return in and get validated,” stated Kartik Kathavate, Head of Gas Optimisation, Maersk Tankers
