Arxax

Arxax is a B2B tech-enabled marketplace for green refuelling in road transport. We are disrupting the traditional carbon intensive fuel market by deploying the power of BIG Data, IoT connectivity and our proprietary digital solutions, making adoption of alternative fuels faster, easier and affordable. 🌍🌿

🚀 Technical

H2LLO™ Connect

• Development of the management dashboard of H2LLO™ Connect and scoping out technical requirements for user on-boarding capacity scale up; 
• Mapping out the technical requirement of adding new languages to onboard drivers from Eastern Europe representing 1/3 of the road transport market in Europe. 🇪🇺 

H2LLO™ Smart

• Work in progress on scoping out technical details of applying encryption at root technique as a potential solution to keep the data of our customers’ customers (i.e. the shippers) encrypted before entry into our platform. 💡 
• Work in progress on testing output visualisation on customers’ choice of dashboard, e.g. Quicksight and Power BI, to sync with their current asset management systems with the objective of minimising workload.

🚀 Commercial

H2LLO™ Connect 

• Network membership contracts exchanged with 2 refuelling station owners and operations in northern Italy with a total number of 25 CNG and LNG portfolio stations; 🇮🇹
• Presented both H2LLO™ Connect and Smart to the management of the Retail Unit of a major European Oil Company. Next phase to define a Proof of Concept project to test the products across a select number of refuelling stations in Central Europe. Subject to final approval, the expected launch of the PoC is April 2024; 
• Hiring our CTO, data scientist, full stack devleoper and project manager in the UK and Italy - expect onboarding February 2024. 

H2LLO™ Smart

• Obtained globally recognised accreditation from Smart Freight Centre, certifying H2LLO™ Smart tool compliance with the Greenhouse Gas Standardsand the Global Logistics Emission Council GLEC Framework. 
• Delivered certified CO2 emission measurement and reports to 3 early-adopters from the network of our German partner, Tankpool24 (with a combined fleet size of >1300 trucks🚛 🚛 🚛) and provided access to output visualisation dashboard;
• Commission-based position for digital marketing and sales for the DACH region.

💲Funding 

Arxax's public grant applications of >€500k to Invitalia (Smart & Start) and the Autonomous Province of Bolzano are approved. 🙌 🚀💪

The Invitalia funding of €395k covers development costs of H2LLO™ Smart, our globally certified CO2 Measurement & Reporting Tool, while supporting our marketing and sales campaign in North and Central Europe. 

The Province of Bolzano has approved €113k funding request for a pilot roll-out of H2LLO™ Connect, our smart network of green refuelling for road transport, along Autostrada Del Brennero (A22), connecting Northern Italy to Bavaria in Germany. 🇮🇹 🇩🇪

💰 Fundraising

Arxax launched our first seed round of €2 million in October. We are also raising €300k bridge funding from angel investors to match the public grant awarded recently to build our engineering team and ramp up sales and marketing to hit our €0.5 million revenue target in 2024. 🎯

Arxax is selected as one of the top ten tech startups to pitch at the next UK Business Angels Associations UKBAA in London on 13th December . We are very excited to introduce our solution to +70 angels, early-stage VCs and representatives from family offices interesting in investment opportunities in cleantech. 

December 2023