Azzera goes from strength to strength since EBACE launch
Business aviation carbon offset provider, Azzera, is on target six months after launch, according to Puja Mahajan, CEO and co-founder.
Since launching at EBACE 2022 Azzera has partnered with Montreal-based technology company Innovobot to develop its SaaS platform, it has joined the F10 inaugural Climate Fintech Incubator Program in the Nordics and Baltic, and been selected as top start-up to represent cohort at the Singapore Global FinTech Hackcelerator.
As noted, Azzera is currently building the next phase of its evolution: a scalable, cloud-based SaaS platform that offers a direct path to sustainability for business aviation clients. Fully integrated with flight operations data, it will automate CO2 emissions calculation and reporting. Azzera will also offer instant access to carbon markets and SAF while using blockchain technology to deliver full transaction and reporting transparency.
“We are very pleased with the traction that we have generated in just six months,” says Mahajan. “We have achieved the objectives outlined in our business plan and have established ourselves as thought leaders on sustainability within the global business aviation community. Next year, one of our biggest deliverables will be the launch of our online exchange providing direct access to carbon and SAF markets. We remain well-capitalised thanks to pre-seed funding and look forward to discussions with select prospective investors in the coming year.”
Once emissions are calculated, aircraft owners and operators can immediately become carbon-neutral using Azzera’s online retail marketplace. Each offset project has been rigorously assessed and approved by Azzera’s team of experts. Clients may also work with Azzera offline on reduction and compensation strategies to implement tailor-made pathways to net-zero. Additionally, Azzera supports clients in reporting and communicating sustainability initiatives.
“Azzera is addressing an existential challenge to the business aviation industry: the adoption of viable sustainability solutions for immediate implementation. For example, by 2027, ICAO Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) will oblige aircraft owners and operators to measure and compensate for their CO2 emissions. Companies that do not address these challenges adequately in advance of regulatory deadlines will jeopardize their operations. Azzera has a unique vision, a diverse and expert team and will deliver the world’s first centralized spot trading carbon market exchange tailored to business aviation. We are working hard to ensure that we are ready to support our industry colleagues,” concludes Puja Mahajan.