Zeelo wins Connect22 award for a technology company's achievement of CO2 reductions while maintaining growth

LONDON, Nov. 28, 2022 /PRNewswire/ -- Zeelo, the smart bus platform for organisations delivering 100% carbon neutral commutes for frontline workers and students across the developed markets, has been awarded the coveted Pantokrator Connect22 Award as a technology company to watch. The award recognises Zeelo's achievement of early milestones to reach Net-Zero emissions from its bus journeys by 2030. Zeelo also achieved joint third position in the awards category for fastest growing technology companies in the UK reporting 70% year-on-year growth for two years running while also successfully expanding its business from the UK to the US.

Sam Ryan, CEO at Zeelo, said: "Receiving the Pantokrator Connect22 award for achieving some of our early sustainability milestones while maintaining our high growth is an honour that I share with Zeelo's entire team of 160 people in the UK, US, South Africa and Spain. But I have to reiterate we have just seven years left to achieve Net-Zero emissions. Reducing Zeelo's emissions alone and reducing CO2 from transport will not be enough on its own. We simply must do much more, faster, smarter and together. These are Zeelo's core values."

The UN Environment Program's Energy Gap Report for 2022 states there is no credible pathway to keep temperature rises below 1.5C threshold, unless there is a system-wide transformation within seven years to achieve Net-Zero emissions.

Andre Shortell, Co-Founder, Managing Partner at Pantokrator, said: "The judges felt that the Zeelo solution was truly impactful with reducing emissions and enabling employees and students to get to their destination easily thereby avoiding the restrictions of established transport networks or the need for individual transport. The growth rate of 264% over the last three years is testament to the usefulness of the Zeelo solution!"

Zeelo has already converted several commutes to electric bus journeys since 2021 and has projected it will serve over 8 million Net-Zero rides by electric bus routes by 2030, to contribute to the UK's legally binding national target to reduce CO2 emissions by 50% within the same period.

Sam Ryan adds: "Our projections are of course ambitious, and they should be because Zeelo's bus journeys transport key workers and children who uphold our economy and our future. We know that the transport industry alone accounts for 25% of our global 32 gigatonnes of CO2 emissions each year. We simply must take more cars off roads by encouraging shared mobility for the regular daily commute. And those journeys need to be cleaner and greener while also being safer, faster and more reliable."