The greatest threat to our planet is the belief that someone else will save it! - Robert Swan
The above quote represents the vulnerability of human minds. But fortunately, not everyone has lost sight of the opportunities that came with the testing times. Covid-19 pandemic induced many changes in the businesses, yet innovation topped in the circumstances. From eco-friendly fuels, sustainable sneakers to painless vaccines, entrepreneurs are doing everything to blend technology with sustainability. 2022 has given a ray of hope with some of the flourishing green startups that entail creativity at every phase. Though the challenges are many for such startups, they have the most valuable intention to proceed. The article below will give you a glimpse of some of the latest business contenders aiming to join the big league of businesses this year.
The pioneer in electric aviation, Vertical Aerospace, had launched VX4 recently that aims to transform the scene of air travel. Promising a zero carbon footprint, Aerospace adds more features to its flying car models. While investors are still taking time to fully convince themselves of the success of this eVTOL (electric vertical takeoff and landing aircraft), shares are doing rounds of crests and troughs at the New York Stock Exchange.
Aerospace claims its collaboration with bigger players like AirAsia and similar aviation companies for its range of electric aircraft. It also reveals its support from American Airlines, Virgin, Rolls-Royce, and Honeywell. The business plans to have a pilot with four passengers and fly at a speed of about 200mph at an affordable cost. Among the soaring demands of electric vehicles, aviation has taken expectations a notch higher.
It's a known fact that companies are neatly attracted to renewable sources, and hence the demand is surging. ITM helps decarbonize the industries by manufacturing PEM electrolyzers with the power of Green Hydrogen. ITM hopes to expand internationally by converting renewable energy and water to fuel alternatives. After the success of its first 100-megawatt electrolyzer for a refinery in Germany, ITM is ready to open a second electrolyzer plant in Sheffield.
ITM raised about $341mn at the end of last year to fuel industries' growing demand for greener resources. An update confirms that orders have climbed by more than 60% since September 2021. There is only an expected boom in the coming years.
A specialist of vaccines, Scancell is known to develop cancer vaccines for humans and painless Covid vaccines post-pandemic. UK's innovation agency has provided the funding for the same. The vaccines will induce high T-cell immune responses in the body to kill the virus and generate antibodies to fight further infection.
There has been a trial of about 40 volunteers from South Africa, wherein they have been vaccinated via spring-powered painless injectors that use a fluid to pierce the skin. The shares have soared high in the last two years, and the trend looks upwards in the near future.
With a presence in over 35 countries, these banking and payment apps have been on the news for various reasons. It received funding from one of the major investors, Japan's Softbank and stands at a valuation of $32 billion. Since its launch, it has evolved from prepaid cards to multi-service apps that offer investments, cryptocurrency trading, business accounts, etc. The change in the board members has also restored its reputation past 2019. The company's zeal to grow better and work through its weaknesses has pushed it back in the game.
Marks & Spencer is planning to expand its clothing and homeware division after a surge in its sales last year. Its decision to acquire fashion brands like Jaeger and to have a stake at the eco-conscious fashion brand Nobody's Child has put it in investors' eyes. Joining hands with delivery firm Ocado has proved beneficial for its food section. The company's Chief Executive, Steve Rowe, is rumored to step down from his post in a few months. With soaring profits, he aims to bring the long-lost reputation back to the brand before his departure.
Running on the same lines as Vertical Aerospace, Arrival promises its customers cars with cheap renewable fuel alternatives. Starting with its first factory in Oxfordshire. Arrival listed itself in New York Stock Exchange last year with a valuation of $13 bn. The company plans to increase its production in partnership with Uber. Arrival plans to eliminate huge assembly lines by employing robots who could manufacture at small cells. The company's clear objectives have raised about $300 mn from investors like Hyundai Motors and Black Rock of Russia.
This telecommunication giant provides the UK with broadband connections and mobile infrastructure. The causes of urban mobility and services offered by the group have kept the company at its toes, and it's taking a glance at its futuristic plans. BT Group will soon have a new owner as billionaire Pattrick Drahi is barred from takeover any more stake of the company. The company is a hotcake among investors, and the government has chipped in with the warning and protection of BT.
As the year 2022 started with a fresh note and a less aggressive Covid-19 variant, there is no doubt for the latest businesses to go long. However, if we are targeting the regulation of sustainable energy by 2030, the time is just right for the pitches of innovative green startups. Who knows, their ideas could make their funding a smoother procedure, and they soon enter the big league of industries? Well, there is hope!
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A believer of good things and pursuer of diverse avocation, she is a fiction lover and a simple writer. Supriti has a number of professions to her list and she feels challenges are the only answers to failures.