Wavemaker Impact has invested US$500,000 in Nūl Global Technologies, an AI-driven startup aimed at reducing overproduction in the fashion industry.

Target Company Overview

Nūl Global Technologies Pte. Ltd. (Nūl) is an innovative AI-driven climate tech startup based in Singapore, co-founded by Malini Kannan and Raghav M. S. With an objective to empower fashion brands and apparel companies, Nūl focuses on mitigating overproduction and enhancing inventory management using advanced AI technology. This pioneering venture has recently secured a pre-Seed investment of US$500,000 from Wavemaker Impact, positioning it well to make a substantial impact in the fashion industry.

By leveraging sophisticated AI models, Nūl provides actionable insights that enable fashion firms to accurately forecast demand, optimize production processes, and allocate inventory effectively. The solution also addresses the complex challenges associated with excess inventory in the fashion sector, helping brands reduce waste while aligning with their business goals. Nūl aims to revolutionize operational efficiency within a traditionally resource-intensive industry.

Industry Overview in Singapore

The fashion industry represents a significant segment of Singapore's economy and contributes to 6-10% of global carbon emissions. Each clothing item produced can result in approximately 6 kg of CO2 emissions, highlighting the sector