Southeast Asia-focused climate tech venture builder Wavemaker Impact launched AI-driven climate tech startup Nūl Global Technologies with a pre-seed investment of US$500,000.

Nūl will use the funding to enhance ongoing pilot projects in the region, expand partnerships, and facilitate the global commercialisation of its solution.

The global fashion industry significantly contributes to global carbon emissions, accounting for six to ten per cent. Creating a single garment can result in up to 6 kg of CO2 emissions, and approximately 30 per cent of fashion products remain unsold, leading to waste through markdowns, recycling, or disposal. This unsold inventory can represent seven to ten per cent of a brand’s revenue. Simultaneously, brands frequently encounter stockouts of popular items, resulting in missed revenue opportunities.

Nūl’s technology seeks to address these dual challenges by reducing waste and enhancing profitability.

Read about Nūl Tech Platform

Co-founded by Malini Kannan and Raghav MS, Singapore-based Nūl aims to help global fashion brands transition to zero-waste production by combining agentic AI with data science and machine learning to improve stock planning, allocation, and replenishment.

Integrating agentic AI into existing operational frameworks allows Nūl to transform data into actionable insights, minimising waste and maximising a brand’s objectives. It will enable fashion companies to achieve more accurate demand forecasting, streamline production planning, and optimise inventory allocation across various channels.

Nūl is currently piloting its solution with several apparel brands in Southeast Asia. Trial results indicate that Nūl’s platform enables brands to efficiently redistribute inventory to locations with higher sales potential, resulting in a ten per cent revenue uplift in these trials.

Co-founder and CEO Malini Kannan said, “Overproduction is detrimental to both business and the environment. Traditionally, overproduction has been seen as an inevitable byproduct of legacy systems and long supply chains. However, we believe that next-generation technologies like ours can help fashion brands bridge these gaps significantly.”

Marie Cheong, Founding Partner at Wavemaker Impact, commented, “The average apparel production lead time is 2.5 times longer than the lifespan of a trend—leading to overproduction, significant revenue loss, and environmental impact. Nul’s data-driven approach demonstrates strong potential to help medium-sized brands improve demand planning and inventory allocation, boosting sell-through rates by up to 50 per cent while potentially avoiding 7,500 tCO2e of overproduction-related emissions each year per brand.”

About Wavemaker Impact

Launched in 2021, Wavemaker Impact aims to build a portfolio of sustainability startups with the potential to reduce ten per cent of the global carbon budget by 2035. Each startup is envisioned as a ‘100×100’ company, with the potential to abate 100 million metric tonnes of CO2e and generate US$100 million in annual revenue.

The venture builder has launched and invested in a number of startups since its inception, including Numat, Zentide, Octayne, MetroElectro, Refy, RegenX, and Rize.

Article written by Sainul Abudheen K, Editor, e27.
Original article link: https://e27.co/wavemaker-impact-launches-nul-with-us500k-investment-to-tackle-fashion-overproduction-20250402/