Wavemaker Impact, the Singapore-based climate tech venture builder, has launched Nūl Global Technologies Pte. Ltd. (Nūl), an artificial intelligence (AI)-driven climate tech startup, with a $500,000 pre-Seed investment.
Wavemaker Impact said in a statement on Wednesday that the pre-Seed funding will enable Nūl to enhance its pilot projects in South East Asia, expand its partnerships, and commercialize its solution on a global scale.
Co-founded by Malini Kannan and Raghav M. S. in Singapore, Nūl aims to help fashion brands and apparel companies reduce overproduction and improve inventory management through advanced AI technology.
The firm enables fashion companies to forecast demand more accurately, plan production effectively, and optimize inventory allocation across channels.
By integrating agentic AI with the brand’s existing operations, it transforms data into actionable insights that help minimize waste while maximizing the brand’s objectives. It is noted that the fashion industry which accounts for 6 percent to 10 percent of global carbon emissions, is facing significant challenges.
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Malini Kannan, Co-founder and Chief Executive Officer of Nūl 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,”.
Raghav M. S., Co-founder and Chief Technology Officer of Nūl said, “Nūl is the first to integrate advanced decision science with agentic AI specifically designed for the fashion industry, Rather than simply providing insights, our platform enables brands to seamlessly apply them to their daily operations, Nūl works alongside merchandising, planning, and allocation teams, continuously learning and supporting their decisions,”.
Nūl’s platform allows brands to efficiently redistribute inventory, moving stock to locations where it is more likely to sell quickly, resulting in a 10 percent revenue uplift in these trials.
Marie Cheong, Founding Partner at Wavemaker Impact said, “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 percent while potentially avoiding 7,500 tons of carbon dioxide equivalent (CO2e) of overproduction-related emissions each year per brand, We’re confident that Malini’s and Raghu’s combined cross-sector expertise and technical experience will unlock this opportunity,”.
About Wavemaker Impact
Wavemaker Impact (WMi) is the first climate-tech Venture Build VC Fund in Southeast Asia. Their goal is to build and invest into A group of companies by 2035 with the potential to cut 10% of global carbon emissions.
