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Don't invest unless you're prepared to lose all the money you invest. Investments through Green Angel Ventures are high-risk, and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more

Don't invest unless you're prepared to lose all the money you invest. Investments through Green Angel Ventures are high-risk, and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more

News & Insights

Green Angels Ventures take on freight refrigeration innovation

29 May 2024

 

Green Angel Ventures today announced the completion of its latest investment in freight logistics company, Hubl Logistics Limited.

Hubl is innovating in the deployment of zero-emission temperature-controlled solutions for food distribution. Recognised as a leader in sustainable transportation technology, it has already received grants from the Freight Innovation Fund and the Innovate UK Energy Catalyst Fund. 

Established to develop technologies aimed at reducing the environmental impact of refrigerated goods transport, Hubl Logistics flagship innovation, the CoolRun Pod, is currently undergoing trials in the UK with various partners in the chilled and frozen food supply chain.

Alongside developments in the UK, Hubl has been funded by Innovate UK to collaborate in a pilot scheme to introduce a 100% emissions-free refrigeration and distribution system to combat heat-induced food wastage in East Africa. For instance, in countries like Malawi, nearly 45% of fresh produce fails to reach the local market.

Hugh Frost, Founder of Hubl Logistics, commented:

“CoolRun will truly revolutionise the food distribution industry, not only by eliminating harmful emissions from diesel-driven refrigeration units but also by improving efficiency, reducing costs.”

In announcing the completion of Green Angel Ventures’ investment in the current round, CEO Cam Ross commented:

“Green Angel Ventures has been tracking refrigeration technology in freight for several years, and is both excited and proud to be able to complete this investment.  CoolRun is a technology breakthrough that could make a difference to many lives while reducing the harmful emissions refrigerated freight has been causing for decades.”

For more information, visit https://www.coolrun.co.uk/