Wolt Secures Title as Tech5's 2020 Most Sizzling European Startup
In the vibrant world of tech startups, two European companies have stood out for their commitment to sustainability and business growth. Wolt, a food delivery platform, and TIER, an urban transport company, have made significant strides in their respective fields, as well as in addressing environmental concerns.
Wolt, named the "most promising startup" in Europe in the 7th edition of the Tech5 competition, has taken a proactive approach to reducing its carbon footprint. The company started compensating for the CO2 emissions created by its deliveries as early as 2019. Wolt's CO2 compensation program includes the purchase of carbon credits to fund reforestation and forest conservation projects in South America. However, for the most precise and up-to-date details about Wolt's specific climate-compensation program, its mechanisms, and impact goals, one should refer to Wolt’s official website or their recent sustainability reports.
TIER, on the other hand, became the world's first micro-mobility company to achieve a certified climate-neutral status in January 2020. The urban transport company offers affordable, accessible, and sustainable transport with e-scooters and e-mopeds. TIER's commitment to sustainability earned them the second place in the Tech5 competition.
The Tech5 platform, a collaboration between Adyen and the website, allows selected startups to network and compete for the title of Europe's "hottest startup." Tech5 selects startups based on performance, growth, and potential, making it a prestigious event for tech companies across the continent. Roelant Prins, Chief Commercial Officer of Adyen, expressed pride in having Wolt as one of their merchants.
Other notable winners of Tech5 2020 include Cowboy, a Belgian startup that took third place with its connected electric bike designed for city dwellers, and Refurbed, the winner in Austria. The seventh edition of Tech5 is currently underway, showcasing Europe's 100 top tech scale-ups.
Wolt's platform includes over 15,000 restaurants in 90 cities across 23 countries, while Cowboy's smart e-bike features include integrated lights, a removable battery, a carbon belt transmission, and an app for additional features and services.
As these companies continue to grow and innovate, their commitment to sustainability serves as an inspiration for the tech industry and beyond. It's clear that the future of tech is not just about groundbreaking products, but also about creating a more sustainable world.
Wolt, having been acknowledged as "the most promising startup" in Europe, employs technology to compensate for its carbon emissions, funding reforestation and forest conservation projects through the purchase of carbon credits.
TIER, achieving a certified climate-neutral status, harnesses technology to provide sustainable urban transport via e-scooters and e-mopeds, emphasizing the integration of environmental responsibility with technological innovation.
