The young Viennese tech company Tset has made a name for itself with cloud software that industrial companies – especially car manufacturers – can use to calculate costs and CO2 for their new products. The application allows companies to record the exact carbon footprint of their products. With this service, Tset has now gained a big name in the automotive industry as a customer, namely the BMW Group.
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Tset measures costs and CO2 emissions of components
“We want to make Tset the new standard for product cost and CO2 analysis. We are therefore very pleased that we were able to convince another well-known company, the BMW Group, of our solution,” says Andreas Tsetinis, CEO and co-founder of Tset.
In the future, BMW wants to use the Tset software to simulate expected costs and CO2 emissions for components. This should enable more efficient and sustainable product development. Based on reliable and relevant data, Tset’s software determines the actual costs and CO2 emissions caused by a product such as a specific component in automobile production. The area of application of the solution extends from the early development phase through the start of production to series support.
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Scale-up is already known in the automotive industry
Decision-makers from the manufacturing industry can use the application to compare a wide variety of suppliers or technical alternatives and compare costs and CO2 emissions. Since various cost models and regional data libraries are already stored, the software promises a high level of automation. It should often only require a few user inputs for detailed calculations with a high degree of accuracy. This should save a lot of time per component compared to the traditional bottom-up calculation approach.
The young company and its software have long been known to many players in the automotive industry. ZF Friedrichshafen (Germany’s second largest automotive supplier behind Bosch) and Brose (fourth largest automotive supplier) as well as Stabilus are also customers. ZF Friedrichshafen and Brose are also strategic investors in the scale-up. But the young company is not only active in the automotive industry; the team is also already calculating the CO2 footprint of things like refrigerators and forklifts.