International. Carrier Global Corporation announced the creation of Carrier Ventures, a new global venture capital group focused on investments to accelerate the development of sustainable innovations and disruptive technologies that enable the future of construction and cold chain management.
Carrier Ventures aims to engage in deep collaboration and strategic partnerships with its portfolio companies, starting with its inaugural investments in AddVolt and OhmConnect, high-growth organizations committed to reducing global emissions from refrigerated transportation and homes.
"As a company founded on innovation, Carrier inherently values a creative and disruptive startup mindset," said Dave Gitlin, President and CEO of Carrier. "Carrier Ventures will help connect our proven expertise and resources with the best thinkers outside of Carrier to accelerate the bringing of new technologies to market. In addition to offering new solutions to make the world healthier, safer, more sustainable and smarter for generations to come, it will also be an important tool to meet our previously stated goal of helping our customers reduce their carbon footprints by more than one gigaton by 2030."
Carrier Venture's early investments will support its customers' decarbonization journeys through electrification and optimizing network efficiency.
AddVolt offers patented, non-invasive, low-maintenance electrical systems for potential use with vans, trucks, trailers, and refrigerated containers. AddVolt developed the world's first plug-in electrical systems for refrigerated transportation markets, which avoids the use of fuel and reduces major emissions, including noise, particulate matter, nitrogen oxide and carbon dioxide.
OhmConnect is a free service that rewards users for saving energy at times when demand from the power grid is high, helping to reduce electricity consumption and emissions. During times of peak energy use, OhmConnect users choose to turn off smart devices connected to their platform or manually reduce electricity usage in the home. Users are rewarded for smarter use of energy with points that can be redeemed on the OhmConnect Rewards Marketplace for discounts on Carrier products, prizes or cash through PayPal.
Jennifer Anderson, Carrier's senior vice president of strategy, business development and chief sustainability officer, will lead Carrier Ventures and lead a dedicated team working to enhance the company's overall strategic approach aligned with Carrier's vision to create solutions that matter for people and the planet. Anderson joined Carrier in 2021.
