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Engineering sustainability for enduring success: Navigating the path to industry 5.0

Economic TimesEconomic Times · 7m ago
Engineering sustainability for enduring success: Navigating the path to industry 5.0
Medial

The fourth industrial revolution, Industry 4.0, is bringing about technological advancements that drive efficiency and productivity while aligning with sustainability objectives. Organizations are recognizing the importance of environmental, social, and governance (ESG) factors, and are adopting sustainable practices to reduce environmental impact and carbon footprint. The next revolution will emphasize societal value and prioritize people and the planet. Engineering services providers and companies must focus on renewable energy, water conservation, carbon emissions reduction, and developing Net Zero products. Other areas of focus for ESG efforts include smart cities, diversity and inclusion, cybersecurity, data privacy, and vehicle electrification to address global challenges and create a sustainable and equitable future.

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Climate tech startup Fitsol raises $1 Mn in seed round

EntrackrEntrackr · 6m ago
Climate tech startup Fitsol raises $1 Mn in seed round
Medial

Fitsol, a decarbonization platform designed for the manufacturing industry, has raised $1 million in its seed round from Transition VC. The proceeds will be used to ramp up growth across three key areas. It will invest in enhancing Kyoto’s AI capabilities to offer advanced analytics and modules for lifecycle assessments and product carbon footprints. It also plans to expand its operations by hiring top talent in technology, business development, and customer success. Founded in 2022 by Anand Pathak, Akshay Tandon, Manoj Sharma, Sunil Bansal, and Vikas Kalra, Fitsol enables manufacturers to measure, report, benchmark, and actively reduce their carbon emissions through its AI-driven platform, Kyoto, and a comprehensive sustainability marketplace. While Kyoto tracks emissions across Scope 1, 2, and 3, the marketplace offers solutions such as green logistics, sustainable packaging, eco-friendly procurement, waste management, and carbon offsetting services—streamlining the path to achieving net-zero targets. Its end-to-end approach also demonstrates its financial viability. It claims to have delivered 15–20% cost savings across its carbon reduction projects, shattering the industry’s misconception that sustainability is prohibitively expensive. The firm caters to industry leaders like JK Tyre, JBM Group, Rockman Industries, Hindware, Musashi, and Penguin Random House India, while also playing a crucial role in the supply chains of major automotive brands such as Mahindra, Suzuki, Hero, Royal Enfield, OLA Electric, and Ather.

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