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Route Optimization Company Routific Awarded $1.8M From Sustainable Development Technology Canada for Innovation in Clean Tech
Friday, March 27, 2020Company Profile | Follow Company
Delivery businesses cut 11,322 tonnes of carbon emissions: report
Vancouver, BC, March 27, 2020--(T-Net)--Route optimization company Routific announced today that it has been awarded a $1.8 million grant from Sustainable Development Technology Canada for innovation in clean tech.
More than 500 delivery businesses worldwide have collectively cut more than 11,000 tonnes of carbon emissions thanks to their adoption of route optimization technology, according to a report audited and verified by Offsetters Clean Technology.
The carbon emissions savings were released by Vancouver-based tech company Routific today, and have been validated by a third-party environmental auditing team at Offsetters, a leading provider of sustainability and carbon-management solutions.
The report was the final step in the due diligence process for the $1.8 million grant awarded to Routific by Sustainable Development Technology Canada, a foundation created by the Government of Canada to fund new clean technologies.
"Significant GHG benefits are realized with Routific's technology," said Simon Phillips, director of clean technology projects at Offsetters. "Their technology will help delivery companies across the globe create close to optimal delivery routes, which will reduce distance traveled, fuel costs, possibly the fleet size, and increase overall efficiency."
Routific's leading route optimization platform, inspired by the foraging behaviors of honey bees, leverages advanced algorithms powered by artificial intelligence. The technology shortens delivery routes by an average of 20%, lowering congestion in major urban areas, and helping delivery fleets reduce their fuel consumption and time spent on the road.
The result has been a reduction in 11,322 tonnes of greenhouse gas emissions in 2019 alone, the equivalent of planting more than 500,000 trees.
'Last Mile' deliveries to worsen commutes, increase pollutants
The World Economic Forum projects a 36% rise in the number of delivery vehicles in the top 100 cities globally by 2030. Researchers estimate emissions from last mile delivery traffic will increase by nearly a third, and congestion will rise by over 21%.
Faced with the burden of manual route planning, rising fuel costs, and an increased awareness of the climate crisis, delivery businesses have turned to cleantech solutions like route optimization algorithms.
Still, many local delivery businesses remain in the dark. Routific surveyed 11,246 businesses and uncovered a shocking truth: 72% of them are still planning the routes for their delivery drivers manually.
"Awareness is key. Every business needs to take our world's climate seriously, for our future and to ensure the health and well-being of future generations," said Routific Founder and CEO, Marc Kuo.
"Route optimization technology not only saves a business time, money, and fuel, it also drastically reduces a company's carbon footprint. It's win-win. On the other end, consumers can support the cause by choosing to use a green delivery business that has adopted route optimization technology. This is a way the general public can hold delivery businesses responsible for their carbon footprint."
"SDTC is proud to support Routific's cleantech innovation. Routific is reducing fuel costs and emissions in the last leg of the delivery supply chain with breakthrough algorithms powered by artificial intelligence. These algorithms have shown a 20% improvement in fuel efficiency and reduction in fuel cost." said Leah Lawrence, President and CEO of Sustainable Development Technology Canada.
Quick Facts:
About Routific
Routific is a route optimization solution - inspired by the foraging behaviors of honey bees - that helps local delivery businesses plan and optimize delivery routes. More than 500 delivery businesses worldwide trust Routific's technology to help them lower their carbon emissions by an average of 20%. Routific investors include Sustainable Technology Development Canada, Techstars Chicago, and Axiom Zen.
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