Global Impact Fund.

Impact thesis:
‍ATS Corp is a leader in automation solutions with customers spread across hundreds of regulated end-markets including electric vehicle manufactures, life sciences, food and beverage companies, renewable energy, and consumer products.

Case study:
‍As an automotive manufacturer transitions to electric vehicle (EV) production, the stakes are high, especially in the realm of battery assembly. The rapid evolution of battery technology, coupled with aggressive production targets and the need for efficient use of existing facilities, poses significant challenges. These challenges can add millions of dollars in costs and delay to critical EV projects.

Partnering with ATS, a manufacturer leveraged ATS's global reach, scalability, and project management expertise to help scale its battery manufacturing. Together, ATS worked with the manufacturer to design and implement an innovative automotive assembly system. Applying their extensive knowledge of battery cell types, the team developed a modular assembly system based on ATS’s SuperTrak CONVEYANCE™ Platform.

With this modular platform, the manufacturer gained a 50% improvement in floor efficiency, maintaining their project schedule, and keeping to a budget.

Impact thesis:
‍Insulet brought the first truly wearable, automated, insulin delivery system controlled by a phone to market – the Omnipod.

We believe that the Omnipod System increases the standard of care for patients by:

• Reducing the number of days that you need to inject (1 pod replaces ~14 injections)
• Tracking insulin levels while increasing the level of precision in terms of accurate insulin injection
• Reducing mental burden associated with living with insulin-dependent diabetes (approximately 300 decisions are made per day to manage glucose levels)

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Case study:
‍Insulet began as a father’s vision to find a better alternative to  his young son’s limited options for insulin delivery. This led to Insulet’s groundbreaking innovation of making insulin delivery wearable with Pod therapy.  

Today, the company offers the revolutionary Omnipod 5 Automated Insulin Delivery System - the first tubeless, wearable automated insulin delivery (AID) system in the U.S., with significantly improved time in range and reduced HbA1c in children aged 2 through 5.9 years with type 1 diabetes over 12 months of use. This trial extension data was presented at the American Diabetes Association 82nd Scientific Sessions in New Orleans, Louisiana.

Several publications have found that compared to Multiple Daily Injection (MDI) therapy, the use of the Omnipod System by individuals with both type 1 and type 2 diabetes is associated with good glycemic control and reduced frequency and severity of hypoglycemic episodes. These results are consistent with published literature of other continuous subcutaneous insulin infusion devices.

"One of our biggest goals in the development of Omnipod 5 was to ease the burden that type 1 diabetes places on families and caregivers of this vulnerable age group,” said Dr. Trang Ly MBBS, FRACP, PhD, Insulet Senior Vice President and Medical Director. “With these preschool extension trial results, we have demonstrated improved glycemic results over the long term for very young children managing diabetes. I’m incredibly proud of this remarkable achievement and know that Omnipod 5 will have a big impact on these families."

Company Description:

NextPower Inc. was founded in 2013. NextPower provides solar tracker and software solutions for utility-scale and ground-mounted distributed generation solar projects. Its core offering enables solar panels to follow the sun's movement and optimizes the performance and energy yield of the project.

Impact Thesis:

By continuously investing in their solar tracker and software, the company is able to optimize and increase energy production and reduce costs. As a result, their tracker products and software solutions offer significant return on investment for utility-scale solar projects. Utility-scale solar projects that use single axis solar trackers generate up to 25% more energy than projects that use fixed-tilt systems that do not track the sun. To achieve these benefits, the industry initially focused on linked-row tracker architecture that moves rows of solar panels together as one unit to follow the sun.

Highlight Story: NextPower’s Horizon-XTR technology was chosen for the Winneke Water Treatment plant project to protect the land from erosion, minimize grading and groundworks, and reduce reseeding time. By using Horizon-XTR the project could take on the uneven terrain, conform to topography and enabled the Winneke Water Treatment plant to accomplish its renewable energy objectives. The Winneke site is incredibly unique for a solar farm given the nature of the slope, environmental sensitivity of the construction area and the geotechnical considerations of the site.

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Company Description:

‍Nubank is the leading digital bank in Latin America with over 100mn clients (and 83.2% MAU) across Brazil, Mexico, and Colombia as of September 2021. Nubank offers a full suite of financial products, including credit and debit cards, digital accounts, payments, personal loans, and insurance, among others.

Impact Thesis:

Nu’s financial services target individuals who have been left out of the financial system due to high fees and/or low credit. By offering products and services with zero to no costs, Nu Bank is increasing the accessibility to the financial system in a geography where the population is largely underbanked. One keyway of doing this is through products being offered fully online and accessible through cellphones.

Highlight Story:

In 2023 alone, Nu estimates their clients saved over US$11 billion in banking fees and spared more than 440 million hours of waiting in service queues in the past seven years. In addition, in Mexico, Nu achieved 5.2 million customers by December 2023. La Moradita, the credit card's Spanish name, served as the first credit card for 46% of customers, with one in three of Nu's customers aged over 65 never having owned a credit card before. Furthermore, Nu actively promotes financial inclusion throughout the country, with their customer base spanning 80% of the rural municipalities prioritized by the federal government. Among these municipalities, approximately 50% had never previously owned a credit card before joining Nu accordingto their ESG Report.

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