Aligned with MDI Ventures’ commitment to a sustainable future, this 2023 Impact Report highlights how our investments reflect our dedication to positive impact. We aim to ensure our portfolio companies make decisions that support sustainable development. By showcasing Paxel’s contributions to their industry and communities, we hope to inspire others to adopt similar practices in sustainability. The United Nations Sustainable Development Goals (SDGs) guide both our mission and Paxel’s ongoing efforts to drive sustainable progress. Paxel’s core values of delivering kindness are reflected in their commitment to sustainability, with a goal of achieving net-zero emissions by 2027. Through the use of electric motorcycles for its Heroes (courier partners), eco-friendly services like PaxelRecycle, and a collaboration with Alvaboard, they are actively reducing their environmental footprint. Paxel’s sophisticated sorting system also allows Heroes to deliver more packages within the same area, minimizing carbon footprints and increasing productivity. These efforts highlight their dedication to sustainability and operational efficiency. We are committed to contributing to a sustainable future by partnering with companies that share this vision. Doing good for the people around us is also a smart business strategy, as sustainability benefits both society and long-term success. By driving positive change in the communities we engage with, we ultimately create value for ourselves.