Wolt Emerges as the Sizzling Startup Triumphing in Tech5's 2020 Competition
Wolt, a Helsinki-based food delivery platform, has been named the "most promising startup" of 2020 in the 7th edition of the Tech5 startup competition. This prestigious title recognises Wolt's innovative approach to the food delivery industry and its commitment to sustainability.
Wolt's platform currently boasts over 15,000 restaurants in 90 cities across 23 countries. The company has been actively working towards reducing its carbon footprint, having started compensating for the CO2 emissions created by its deliveries as early as 2019. This includes emissions from all past deliveries dating back to 2015. Wolt has partnered with South Pole to purchase carbon credits to offset these emissions.
While specific details about Wolt's climate-compensation program and its connection with the Tech5 2020 award are not readily available, it is generally known that Wolt is committed to sustainability efforts, often involving carbon offsetting or climate compensation programs. For precise and up-to-date information, it is recommended to check Wolt’s official website or sustainability reports, press releases from the Tech5 2020 competition, or news and media coverage from around the time of the award.
The Tech5 competition is a collaborative effort between Adyen and a website, showcasing Europe's 100 top tech scale-ups based on performance, growth, and potential. This year's platform included startups from various sectors, such as Refurbed (Austria), Cowboy (Belgium), Neuron Soundware (Czech Republic), Dixa (Denmark), eAgronom (Estonia), and many more.
Cowboy, a Belgian startup, took third place in the competition with its connected electric bike designed for city dwellers. The smart e-bike features an integrated light system, a removable battery, a carbon belt transmission, and connects to an app for various features and services. Cowboy recently raised 23 million euro in a Series B funding round.
TIER, a Berlin-based micro-mobility company, took second place in the competition. TIER offers affordable, accessible, and sustainable urban transport through its e-scooters and e-mopeds. With over 50,000 electric vehicles available in more than 70 cities across nine countries, TIER is making strides in promoting eco-friendly urban transport.
The first place in the Tech5 competition went to a startup that was not specified in the provided information. This year's competition marked the seventh edition of the Tech5 startup competition, which has previously launched companies like Transferwise, Delivery Hero, Cabify, and Foodpanda. The competition provides a platform for the selected startups to network and compete for "hottest startup" in all of Europe.
Roelant Prins, Chief Commercial Officer of Adyen, expressed his excitement about the level of innovation and creativity in this year's Tech5 competition. Adyen is proud to have Wolt as one of its merchants and looks forward to working with the company in the future to disrupt the food delivery industry together.
In January 2020, TIER became the world's first micro-mobility company to achieve a certified climate-neutral status, less than two years after its launch. This achievement underscores TIER's commitment to sustainability and its efforts to promote eco-friendly urban transport.
The Tech5 community continues to be a significant platform for Europe's tech startups, providing opportunities for networking, growth, and recognition in the competitive tech industry.
- Wolt's dedication to sustainability extends beyond the food delivery industry, as evident in their efforts towards carbon offsetting and climate compensation, which aligns with the principles of sustainable living and environmental science.
- Tech5, a collaboration between Adyen and a website, showcased startups in various sectors, such as Cowboy and TIER, which prioritize sustainable living through their connected electric bike and eco-friendly urban transport solutions.
- The advancements in technology, such as those seen in Wolt's climate-compensation program and TIER's eco-friendly micro-mobility solutions, are paving the way for a more sustainable home-and-garden lifestyle and a healthier planet, underscoring the role of environmental-science and technology in mitigating climate-change.
