The startup facilitates the trading of greenhouse gas reduction certificates (THG Quoten) for electric vehicle owners, enabling them to monetize their CO2 savings through a streamlined application process. By managing the certification and marketing of these emissions reductions, the company provides a financial incentive for adopting electric mobility while supporting regulatory compliance for fossil fuel producers.
Funding
Funding not disclosed
Founders
Product
Problem
Mineral oil companies in Germany are legally obligated to reduce the greenhouse gas emissions from fuels they place on the market, facing penalties for non-compliance. Electric vehicle (EV) owners generate carbon emission savings, but lack a direct mechanism to monetize these reductions and contribute to the compliance efforts of the obligated companies.
Solution
This startup streamlines the trading of THG (Treibhausgas) quotas, allowing owners of electric vehicles, including cars, motorcycles, commercial vehicles, and buses, to receive financial compensation for their CO2 emissions savings. The company acts as an intermediary, managing the entire process of certifying the emission reductions with the German Federal Environment Agency (UBA) and marketing the THG quotas to obligated mineral oil companies. By aggregating the emission reductions from numerous EV owners, the startup achieves economies of scale and secures competitive prices in the THG quota market. EV owners simply upload a copy of their vehicle registration, and the platform handles the certification, trading, and payout, offering a guaranteed minimum payout with the potential for a higher "flex premium" based on market prices. The platform also supports operators of public charging stations, enabling them to monetize the CO2 savings associated with the electricity dispensed.
Target Audience
The primary target audience includes owners of electric vehicles (cars, motorcycles, commercial vehicles, and buses) seeking to monetize their CO2 emission savings, as well as operators of public charging stations looking to generate additional revenue from dispensed electricity. The company also targets fleet managers seeking to reduce operating costs and improve sustainability.
Features
- Streamlined online application process for individual EV owners and fleet operators
- Support for various electric vehicle classes, including M1 (passenger cars), L3e/L4e/L5e/L7e (electric motorcycles and scooters), N1/N2/N3 (commercial vehicles), and M3 (buses)
- Certification and marketing of THG quotas for public charging stations, with support for advanced metering to maximize returns from renewable energy sources
- Guaranteed minimum payout with potential for a higher "flex premium" based on market prices
- Fast payout within 5 days after certification and marketing
- Dedicated customer support team to assist with the application process
- THG-Erlösrechner tool for transparent calculation of potential earnings for fleet operators
- Integration with Bundesverband THG Quote, advocating for fair THG quota regulations