Archeda

SUSTAINABILITY

ME Innovation Fund Invests in Japanese Carbon Credit Monitoring Startup Archeda

Mitsubishi Electric’s ME Innovation Fund has invested in Archeda, a Japanese startup that uses satellite data to develop and provide monitoring and analysis tools for carbon credits. The carbon credit system enables companies and other entities to buy and sell greenhouse gas-reduction outcomes (reduced or sequestered volumes) as emissions-allowance credits. This is the eleventh investment that the fund has made…