What's covered in this week's GEM Crystal Weekly Radar:
- The Science Based Targets initiative aims to help real estate firms contribute to the Paris climate agreement’s 1.5°C temperature reduction target by instituting new methods of emissions target-setting, accounting, and reporting.
- Padsplit was recently profiled on Stand Together's YouTube channel with a ten minute video talking about how repurposing traditional homes into share living spaces can help the affordability crisis.
- A school district in Colorado Springs is testing AI-powered scheduling systems for bus routes.
- Updated stock prices for GEM's Proptech Index as well as GEM Diamond Member News.
Geek Estate Blog Recap:
Last week, Drew discussed leveraging custom GPTs trained with sector-specific information to provide real-time knowledgable software evaluations. Before that, we released the current membership makeup of GEM Diamond, as well as 2023 business reflections and 2024 resolutions.
As always, links surrounded by the ❇️ emoji indicate exclusive GEM Diamond content. If you would like to have access to all links, please consider GEM Diamond membership.
Keeping Up With The Climate Joneses
By: Logan Nagel
Devised by a group of organizations including the United Nations Global Compact, the Science Based Targets initiative aims to help real estate firms contribute to the Paris Climate Agreement’s 1.5°C temperature reduction target by instituting new methods of emissions target-setting, accounting, and reporting. The initiative is piloting draft tools and guidelines with 15 real estate companies around the world to determine what amendments should be made before full rollout in the future.
Climate change science is clear, but for real estate businesses, climate compliance is like shooting at a moving target. The development and deployment of energy efficiency technologies and sustainable materials across portfolios can make a big impact on improving pathways to compliance. IoT plays that gather field data–such as Embue, Measurabl, and Aquicore–are going to prove to be a crucial step in the implementation of new guidelines, as will tools to track usage such as Accacia. Getting in front of initiatives such as Science Based Targets—or others focusing on areas like water conservation (ie Alliance for Water Stewardship)–will help tech companies seeking to boost adoption/awareness of their categories of solutions.
Image created by: Midjourney
Description: Art deco illustration of hands shaking against a sustainable green background
Standing Together in Shared Living Arrangements
By: Drew Meyers
With a very mission-driven approach to tackling affordability, it's no secret Padsplit is one of my favorite proptech companies. We've written about them multiple times, and the company was ❇️one featured❇️ in our ❇️Blueprinting Proptech series❇️. Padsplit was recently profiled on Stand Together's YouTube channel with a ten minute video talking about how repurposing traditional homes into share living spaces can help ease the shortage of 7.3 million homes for people with low incomes in the United States.
Great job on camera Atticus LeBlanc. You're definitely ready for the big screen.
AI Teamed with Buses
By: Drew Meyers
Bus driver shortages are a thing. Where there is a Built World problem, there is an AI-powered solution. According to Axios, "districts like Colorado Springs' District 11 are working with child-transportation provider HopSkipDrive to test the company's new AI offering." called 'Strategic Routing'." The integration has helped District 11 trim down to 55 bus routes from more than 100, "in part by replacing some underutilized routes with HopSkipDrive [passenger car] rides."
An exact route, driven day after day; it doesn't get any more perfect for a self-driving use case. I would argue that an optimized transportation grid for students will increase property values due to consistent, faster service...while saving taxpayer dollars by driving empty buses around town.
Image generator: DALL-E
Prompt: ai-powered school buses on a predefined route
Proptech Portfolio Update:
Consisting of 31 stocks, the GEM Proptech Index had a combined market cap of $188.025B, a .87% decrease from the previous week.
GEM Diamond Member News:
- SentriLock and RentSpree announced a partnership. – Andrew Sims, Michael Lucarelli, & Lauren Martin
- Congratulations to Padsplit for surpassing 10k units. – Atticus LeBlanc
- Listen to Tim Ray talk advances in tenant screening processes on the TechNest podcast. – Nate Smoyer
- Roofer.com raised $7.5 Million seed round. – Nate Smoyer and Nathan Mathews
- Bold Street was selected for Venture Madness' annual Capital Conference & Pitch Competition. – Chris Fellows
- Hammr announced the launch of its newest feature, Hammr Chat. – Brek Goin
- Work & Mother announced its newest location at 701 Brickell. – abbey donnell
- Audience Town raised an additional funding round led by existing investors. -- Ed Carey
- Tractic and Obie announced a partnership. – Greg Namrow & Ryan Letzeiser
- Pallet was one of the six companies selected to manufacture tiny homes as part of Gov. Newsom's promise to shelter homeless residents. – Amy King