Heaptalk, Jakarta — Koltiva, Indonesia’s agritech startup, ties with Huy Anh Natural Rubber to assist Vietnam’s rubber company in complying with the EU Deforestation Regulation, which mandates zero deforestation in the production of a variety of commodities bought or sold in the European Union (EU).
Koltiva will ensure that Huy Anh’s products meet stringent international standards and enable the company to continue serving the global market with compliance and sustainability as top priorities. Furthermore, the KotiTrace MIS platform is crucial to the partnership, enabling traceable transaction data from plantation to processor and providing tools for deforestation and legality verification using updated satellite data.
As is known, Vietnam is the third-largest rubber exporter worldwide, providing about 8.7% of the global rubber output as of 2023. the country’s rubber industry, vital for products ranging from automobile parts to medical equipment, aims to continue its access to the lucrative EU market by adhering to the EUDR requirements.
“The EUDR sets a high bar for environmental responsibility, and with Koltiva’s expertise, we are confident in our ability to meet these standards. This collaboration strengthens Huy Anh’s position in the global market and reinforces our commitment to responsible business practices,” Deputy Director of Huy Anh, Thi Hong Mai, said.
In September 2024, Huy Anh will provide rubber products that adhere to the EUDR, ensuring EU customers receive products that meet the highest environmental standards. The company is also poised to expand its global market reach, specifically in regions where environmental standards are increasingly prioritized.
Koltiva creates ethical, transparent supply chains, boosting enterprise resilience and compliance with global regulations and consumer expectations. Globally, this agritech operates across 61 countries with customer support offices in 16 nations. As a result, this startup has supported over 10,800 enterprises and empowers over 1.4 million producers to enhance their incomes and establish robust supply chains.
“The European Union’s Deforestation Regulation represents a critical step toward global
sustainability. Through our KoltiTrace MIS platform, we offer them comprehensive supply chain mapping, real-time risk assessment, and deforestation monitoring. This allows for precise tracking from plantation to processor, enhancing transparency and helping Huy Anh’s commitment to environmental stewardship and sustainable practices,” Co-Founder and CEO of Koltiva, Manfred Borer, said.
In 2023, Koltiva snagged undisclosed Series A funding led by AC Ventures. Multiple investors join the round, spanning Silverstrand Capital, Planet Rise, Development Finance Asia, Blue 7, and The Meloy Fund as existing investors.
