Wa’ed Ventures, the investment arm of Aramco’s Wa’ed Program, has announced its leadership in a Series A funding round worth $5 million for EME, a Dutch company specializing in sustainability and circular economy solutions.
Localizing Technologies and Advancing Sustainable Solutions in Saudi Arabia
This funding aims to enable EME to localize its advanced technologies in Saudi Arabia, aligning with the Kingdom’s Vision 2030 and Sustainable Development Goals. Additionally, it will support the company’s expansion into new markets across the Middle East, accelerating the global adoption of sustainable practices.
Engineer Anas Al-Qahtani, Acting CEO of Wa’ed Ventures, emphasized that this investment is part of the fund’s strategy to support startups offering innovative solutions for sustainable infrastructure. He stated:
“The solutions offered by EME represent a significant leap in promoting sustainability practices among companies. We look forward to localizing these promising technologies within the Kingdom to help build a more sustainable future.”
EME: A Leading Platform for Reducing Waste and Promoting Circular Economy
Founded in 2017, EME provides innovative solutions that help companies track surplus materials and repurpose them through a digital platform powered by AI and IoT technologies.
- The platform enhances material flows and reduces carbon emissions.
- It offers advanced solutions for high-value recycling.
- It strives to reduce waste and promote sustainability in business operations.
Strengthening the Circular Economy in the Middle East
Christian van Maaren, CEO of EME, commented:
“We empower businesses to unlock their full potential through innovative solutions that reduce waste and enhance sustainability. The support from Wa’ed Ventures marks a major milestone in realizing our vision to build intelligent and sustainable systems across the Middle East and beyond.”
Cutting-edge technologies for Environmental Efficiency
EME’s platform integrates IoT and AI technologies to analyze data and optimize resource efficiency:
- Reducing carbon emissions from industrial processes.
- Maximizing the economic value of surplus material reuse.
- Enhancing transparency in resource management.
The Strategic Partnership with Wa’ed Ventures
This partnership represents a pivotal moment for EME’s entry into Middle Eastern markets, providing support to achieve:
- Expanding its regional customer base.
- Launching new projects in Saudi Arabia.
- Driving innovation in sustainability.
This collaboration underscores the commitment of both parties to foster sustainable practices and advance the circular economy, creating a smarter and greener future for the region.
العربية (Arabic) To read the article in Arabic, click here
