Ottawa, Montreal, December 20, 2022 – Invert Inc. (“Invert” or “the Company”), a specialized carbon finance company and the future of personalized carbon offsetting, is pleased to provide a corporate update on ongoing projects and developments.
Highlights
“In the last several months, Invert has accomplished many significant milestones as we continue to build on our vision to help individuals and businesses contribute to our common goal of addressing climate change,” said Mark Zekulin, Executive Chairman, Invert Inc. “We’re thrilled to have launched the Invert Appin Canada this week and completed our $25 million financing in August. We’ve already begun putting this capital to work with recent investments in Aperam and BC Biocarbon – two developers we’re proud to support.”
Equity Financing Complete
Invert closed a $25 million CAD financing in August, welcoming new institutional and HNW investors alongside continued support from lead strategic investor Altius Minerals (TSX: ALS). The equity financing provides the Company with significant capital to expand its carbon credit streaming portfolio as well as continued development of the recently launched Invert App.
New Carbon Credit Portfolio Investments
The Company recently announced purchase and streaming agreements with Aperam Steel and BC Biocarbon for high-quality carbon removal credits (“CORCS”) derived from biochar. Aperam is Brazil’s largest steelmaker and a world leader in environmental sustainability. Invert also entered a multi-year streaming agreement with BC Biocarbon to supply high-quality verified CORCS. Both of these projects are available on the Invert App.
Invert Head of Carbon Forestry Contributes to new Verra Biochar Methodology
The Company is pleased to congratulate Matt Delaney, Invert’s Head of Carbon Forestry for his contribution to developing the recently published Verra Biochar Methodology. The methodology, published by Verra’s Verified Carbon Standard Program, paves the way for new nature-based approaches to carbon removal, specifically biochar utilization in soil and other applications.
Invert App: Empowering Personal Climate Journeys
This week, the Company officially launched the Invert App – a mobile experience that will change the way individuals contribute to the fight against climate change. The user-friendly Invert App is simple to download and available on both the Apple and Android App Stores. The app allows each user to measure and reduce their carbon footprint while contributing to sustainable carbon projects that reduce and remove greenhouse gases from the atmosphere – all from the convenience of their mobile phone.
Invert to Present at the Elevate Arts and TechFestival
Invert Executive Chair, Mark Zekulin, will be a feature speaker presenting at the 2022 Elevate Arts and Technology Festival in Toronto on September 22nd, which is expected to host over 30,000 attendees this year.
About Invert
Invert is a leading carbon-reduction and removal company committed to empowering businesses, communities, and individuals to take bold climate action. With a mission to drive global goals for decarbonization, Invert is dedicated to making a measurable impact on our planet’s future. We empower action through carbon project origination and financing, sourcing high-integrity carbon credits for businesses, and providing a software platform for organizations to bring employees along the climate-action journey.
