AI startup bags funding from impact heavyweights to slash shipping emissions: 'It's a real blind spot'
24 Sept 2025
09:10
Cetasol, a Swedish startup founded by the former AI chief at Volvo Penta, Ethan Faghani, has raised €2.3m to slash the fuel-use of small vessels.
The round was led by French mobility VC Shift4Good and Sweden's Backing Minds.
"We’re always looking for big problems that need big solutions," Susanne Najafi, founding partner at Backing Minds, tells Impact Loop. "In shipping, most of the focus has been on large vessels, but smaller and mid-sized ships remain a blind spot."
The round was led by French mobility VC Shift4Good and Sweden's Backing Minds.
"We’re always looking for big problems that need big solutions," Susanne Najafi, founding partner at Backing Minds, tells Impact Loop. "In shipping, most of the focus has been on large vessels, but smaller and mid-sized ships remain a blind spot."