Image credits: Aeromon
Aeromon, a Helsinki-based emission monitoring service, announced on Thursday that it has raised €4.8M to scale its operations.
The funding consists of a capital loan from The Finnish Climate Fund and a €2.4M backing from industrial investor Vopak Ventures and the company’s current shareholders.
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The Finnish company will use the funds to advance data analysis capabilities for rapid leak detection and accurate quantification of emissions. It is also planning to expand its presence in North-Western Europe, close to key industrial hubs.
“We’re proud to be joined by a leading global company like Vopak on our journey to visualise report leaks and support industrial companies in emission reduction. Amongst improvements in technology and service portfolio this funding enables Aeromon to be closer to a major market by opening a permanent office in Rotterdam, The Netherlands,” says Maria Kuosa, CEO of Aeromon.
“Thank you to Vopak for joining us as an investor and foremost for bringing in valuable expertise regarding global tank storage business opportunities,“ she adds.
Aeromon: What you need to know
Founded in 2014, Aeromon has developed a unique monitoring technology to detect and report methane, volatile organic compounds, and other emissions. The company provides mobile emission monitoring services to both industry and authorities.
The service consists of visual, real-time data that enables better decision-making through improved situational awareness.
Aeromon says that this leads to highly accurate leak detection and quantification of leaking emissions ten times quicker than traditional methods.
Aeromon’s services are used by companies throughout Europe to verify and quantify emissions from industrial plants. In the last year alone, the company has served clients in Germany, The Netherlands, Belgium, Spain, Slovenia, and France.
The company also has modular UAV-assisted emission monitoring solutions for complex and demanding environments such as within oil and gas, chemical, waste management, energy, and mining industries.
Investor
Vopak Ventures is the venture arm of a globally leading independent tank storage company, Royal Vopak.
“The activities of Aeromon very well match with the ambition of Vopak Venture’s sustainability fund in which we identify investment opportunities in start-ups and scale-ups in new technologies to make the industry more sustainable. It is our pleasure to become an active partner in Aeromon’s journey,” says Leo Brand, CIO of Royal Vopak and Chairman of Vopak Ventures.
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