Cham-based startup ARTEM has raised €1.5 million in seed funding to develop its complete software program and {hardware} platform to assist EU firms and non-EU producers guarantee CBAM compliance and allow the transition to net-zero manufacturing.
The funding spherical was led by Vireo Ventures, a Berlin-based Article 9 SFDR enterprise capital agency, with a concentrate on driving the power transition and decarbonisation.
Nanxi Ding, Founder & CEO of ARTEM, mentioned, “There was important improvement and development in nationwide and supranational carbon compliance and pricing mechanisms corresponding to CBAM. Presently, USD 45 billion price of products are impacted by CBAM, with this determine anticipated to rise to USD 90 billion by 2030. The problem for firms lies to find a compliance answer that addresses the precise wants of every trade and helps them overcome cultural, jurisdictional, and informational boundaries within the technique of reporting. As carbon pricing and emissions buying and selling broaden globally, authorities and markets will demand extra dependable emission information.”
Based in 2024 by Nanxi Ding, Leo Rees-Murphy, and Ofir Weinstock, ARTEM affords a mix of software program and {hardware} instruments to assist EU importers and non-EU producers gather, confirm, and report greenhouse gasoline (GHG) emissions information. Nanxi Ding was impressed to discovered ARTEM after navigating the complexities of CBAM whereas managing her household’s automotive manufacturing enterprise.
Recognising the challenges and alternatives of compliance, she and her co-founders constructed ARTEM to assist firms adapt to a regulatory panorama more and more prioritising decarbonisation and clear emissions reporting.
The corporate’s expertise streamlines compliance for sectors like cement, metal, aluminium, fertilisers, electrical energy, and hydrogen, that are amongst these most impacted by CBAM laws set to completely take impact in 2026.
ARTEM’s platform contains Continued Emission Measuring Methods to supply correct real-time emissions information assortment, together with software program to foretell the monetary impression of carbon pricing on items. The system facilitates compliance reporting for importers, improves provide chain transparency, and promotes GHG reductions on the manufacturing degree.
“ARTEM assists firms gather, confirm and report actual emission information from suppliers worldwide utilizing compliance software program with an built-in {hardware} measurement machine, enabling end-to-end GHG tracing throughout cross-border provide chains. The synergies between totally different nationwide carbon markets are anticipated to create unprecedented and cataclysmic development within the decarbonization market. We’re privileged to have the assist of Vireo Ventures, an Article 9 SFDR Fund with a wealth of business experience and a powerful dedication to the power transition,” added Ding.
The EU’s CBAM, the world’s first border adjustment mechanism for carbon pricing, mandates importers of high-emission items to trace emissions and buy CBAM certificates. ARTEM’s proposed answer addresses the complexities of compliance whereas lowering dangers of pricey penalties for non-compliance.
The platform is poised to serve a rising market, with world emissions monitoring valued at USD 16.98 billion in 2024 and projected to achieve USD 61.43 billion by 2029, in line with ARTEM.
“CBAM compliance is important for attaining a climate-resilient, decarbonized future. ARTEM stands out as one of many first automated platforms focusing solely on CBAM compliance infrastructure. The group’s progress, deep trade insights, in addition to producer and freight forwarder community put them in a powerful place to determine a number one market participant early on,” mentioned Matthias Engel, Managing Accomplice at Vireo Ventures.
