HomeCarbon CreditsXpansiv Expansion Ahead of IPO

Xpansiv Expansion Ahead of IPO

Xpansiv is planning an IPO on the Australian Stock Exchange later this year. But right now they are in full M&A mode.

They are cashed up and have started making acquisitions in a massive roll-up play in the carbon markets.

Xpansiv’s trading platform currently hosts over 90% of all voluntary carbon credit transactions globally.

In 2021, Xpansiv recorded $305 million in revenue (~300% higher than the prior-year).

Over 120 million tonnes of carbon were traded on its CBL Exchange last year (a 4x increase over 2020.)

Their platform is used by the largest corporations such as Walmart, Tesla, Chevron, Shell, and Goldman Sachs.

The platform matches companies needing to buy credits (to fulfill their net-zero objectives) and speculators/investors with carbon credit providers.

They recently teased a potential vertical integration acquisition called the “Moonraker” project in their latest investor pitch deck. The transaction is expected to be worth over $100 million.

They also recently announced to acquire a leading provider of registry infrastructure for energy and environmental markets – APX Inc.

Xpansiv had two $100 million funding rounds in the past 2 years and also a $40 million pre-IPO deal.

They are expected to raise more than $500 million in the coming weeks – placing them at a ~$2 Billion market cap ahead of them being publicly traded.

As more and more companies make NetZero pledges, the amount of capital being deployed in the carbon sector is growing every quarter.

Xpansiv CEO, Joe Madden has stated that “it was clear that there were trillions of dollars in mismatch there, and somehow that would have to get reconciled. And markets were where it was going to get reconciled.”

Most Popular
LATEST CARBON NEWS

WEF and Indonesia Join Hand to Boost Blue Carbon Credits

The World Economic Forum (WEF) and Indonesia have signed a partnership to ramp up the nation’s blue carbon efforts as well as address the...

T-Mobile Commits to 2040 Net Zero Target

T-Mobile revealed its net zero emissions target across all Scopes - 1, 2, and 3 - with the Science Based Targets initiative’s (SBTi) approval. T-Mobile’s...

BP’s 2023 Outlook for Global Energy Transition: Key Takeaways

BP Energy Outlook 2023 unlocks the key trends and insights surrounding the global energy transition out to 2050.  The 2023 Energy Outlook’s three main scenarios...

Wildfires Cost Over $148B and 30% of Emissions

A new report by Dryad Networks unveiled the hidden costs and impacts of wildfires, its carbon emissions, and how early detection can prevent huge...
CARBON INVESTOR EDUCATION

Abandoned Oil Wells and Carbon Credits

You’ve probably seen dozens of pictures before that look exactly like the one above. An active oil field littered with pumpjacks, all churning out oil...

Is Offsetting Carbon Worth It?

Is offsetting carbon worth it? This question has never been more controversial right now and it deserves a good answer, especially if you're into...

How Does Carbon Capture and Utilization Work?

Carbon capture and utilization technology is not only useful, but a necessary strategy to reduce atmospheric CO2 levels, and stall an increase in global...

Top 4 Carbon Stocks To Watch In 2023

Carbon stocks, credits and capture technology are getting a lot of interest from investors. Companies will attract even more capital in 2023.