ExRoad
ExRoad is a Tokyo-based SaaS company that aggregates domestic and international carbon credit and emissions trading information for Japanese enterprises, serving sustainability, business development, and corporate planning teams via an all-in-one platform with cross-registry database, GHG dashboard, and RAG-based AI assistant.
- Company typePrivate
- Founded2022
- HeadquartersTokyo, Japan
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What ExRoad does
ExRoad Co., Ltd. (株式会社ExRoad) is a Tokyo-based information services company founded in March 2022 that operates an all-in-one SaaS platform aggregating domestic and international carbon credit and emissions trading information for Japanese enterprises. The platform combines a curated Japanese-language content library (weekly and monthly newsletters, in-depth reports on GX-ETS, J-credits, CDR, and greenwashing, chaos maps, and consensus surveys), a cross-registry database spanning approximately 90% of global carbon credit issuance across Verra, Gold Standard, ACR, CAR, ART, Puro.earth, and Isometric, a GHG emissions dashboard covering 600+ enterprises with Scope 1/2/3 toggles, and an industry-first RAG-based generative AI assistant launched February 2025. ExRoad serves enterprise sustainability teams, business development units, and corporate planning departments at major Japanese corporations, plus consulting firms, local governments, and research institutions. Its revenue model is subscription-based with freemium newsletter acquisition and inquiry-based enterprise sales; the company discontinued personal plans in September 2025 and adopted an enterprise-only paid model with a one-week free trial.
The company raised ¥50 million in seed funding in July 2023 from ANRI, G-STARTUP Fund, and Waseda Business School professors, joined the GX League in April 2023, and built a network of institutional partnerships including the Tokyo Stock Exchange Carbon Credit Market Office, IETA, Sylvera, Abatable, Puro.earth, and Isometric. In March 2026, ExRoad completed a 100% share transfer to Asuene Co., Ltd., becoming Asuene Group's seventh M&A and a wholly-owned subsidiary, with ongoing integration discussions to combine its information platform with Carbon EX's carbon credit and emissions trading exchange, Trade API, and Offset API ahead of mandatory GX-ETS Phase 2 participation from fiscal year 2026.
ExRoad firmographics
Firmographics- Name
- ExRoad
- Legal name
- 株式会社ExRoad
- Website
- https://exroad.jp
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- ExRoad is a Tokyo-based SaaS company that aggregates domestic and international carbon credit and emissions trading information for Japanese enterprises, serving sustainability, business development, and corporate planning teams via an all-in-one platform with cross-registry database, GHG dashboard, and RAG-based AI assistant.
- Ownership category
- akta.pro rank
ExRoad industry classification
Industry- Product category
- Carbon Credit Information Platform
- akta.pro primary industry
- Enterprise Carbon Accounting & GHG Inventory Platforms (EUABAEAA)
Keywords
Where ExRoad is headquartered
LocationHeadquarters
- HQ city
- Tokyo
- HQ country
- Japan
- HQ region
- Asia
Offices1 record
Markets served
ExRoad business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Subscription-based SaaS (Information Platform): Annual or multi-year subscription plans providing access to the all-in-one carbon credit information platform, including news, reports, databases, AI assistant, and GHG dashboard. Pricing not publicly disclosed — inquiry-based with sales follow-up. The company has transitioned to enterprise-focused paid plans, discontinuing personal plans (as of September 2025).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | Free Newsletter Plan — Weekly carbon credit news delivered by email |
| Subscription | Annual | Paid Plans — Full platform access including reports, AI assistant, GHG dashboard, and all premium content |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
ExRoad product offering
Product offeringCore offering
ExRoad operates an all-in-one B2B SaaS information platform that aggregates Japanese and international carbon credit news, GX-ETS and J-credit regulations, voluntary market data, registry details, and price information. The subscription-based platform provides enterprise customers with structured data, a proprietary RAG-powered AI assistant, a GHG emissions comparison dashboard, and cross-registry credit search covering approximately 90% of global issuance.
Product overview
ExRoad operates a unified carbon credit information platform — the カーボンクレジット・排出量取引制度オールインワン情報サービス (Carbon Credit/Emissions Trading System All-in-One Information Service) — serving as the core product, which aggregates domestic and international carbon credit news, GX-ETS regulations, voluntary market trends, and emissions trading data. The platform integrates several named sub-products: a GHG Emissions Dashboard for cross-company comparison of emissions and reduction data; an Overseas Carbon Credit Registry Cross-Search Database covering Verra, Gold Standard, ACR, CAR, ART, Puro.earth, and Isometric registries (~90% of global issuance); and a Carbon Pricing AI Assistant using RAG-based knowledge retrieval. Supplementary offerings include Research and Analysis Reports and Consulting/Business Support Services. Following its March 2026 acquisition by Asuene Co., Ltd., ExRoad is being integrated with Carbon EX's carbon credit exchange and information services (Carbon EX Insights, Carbon EX Trade API, Carbon EX Offset API), creating a combined entity covering information aggregation, trading, and transaction support.
Differentiator
Problem solved
Functional benefit
Products and services
- Carbon Credit / Emissions Trading All-in-One Information Service (カーボンクレジット・排出量取引制度オールインワン情報サービス) Core B2B SaaS platform aggregating domestic and international carbon credit news, GX-ETS regulations, voluntary market trends, and emissions trading rules, with weekly and monthly newsletter summaries, pre-set charts and graphs, and cross-registry search for J-credits, overseas voluntary credits, JCM, Paris Agreement Article 6, CORSIA, and EU-ETS. Targeted at Japanese enterprises, consulting firms, and public sector organizations.
- GHG Emissions Dashboard Dashboard feature for cross-company and cross-industry comparison of GHG emissions, reduction targets, carbon credit invalidation volumes, and reduction contributions across 600+ major enterprises, with Scope 1/2/3 toggles and CSV export for sustainability strategy planning.
- Overseas Carbon Credit Registry Cross-Search Database Cross-registry search database covering Verra, Gold Standard, ACR, CAR, ART, Puro.earth (added June 2025), and Isometric (added August 2025), representing approximately 90% of global credit issuance volume. Supports filtering by CORSIA-eligible, CCPs-certified, and CCB-certified credits, with Japanese UI.
- Carbon Pricing AI Assistant (カーボンプライシング領域 生成AIアシスタント) Industry-first RAG-based conversational AI assistant specialized in carbon pricing, trained on the platform's proprietary Japanese-language dataset. Supports cited information retrieval, document drafting, and expert-level brainstorming in Japanese.
- Research and Analysis Reports (調査・分析レポート) Market research and analysis reports covering carbon credit market surveys, GX-ETS system design, CDR market dynamics, international registry maps, price consensus forecasts, and foundational reference materials. Available in free summary and paid full versions.
- Consulting and Business Support Services
Quantifiable outcome
- Reduces information research time — ExRoad's test deployment showed reaching needed information up to 90% faster compared to traditional search engines and manual research methods
- +2 more outcomes
Companies that use ExRoad
Customer profileNamed customers24 records
Segments4 records
Ideal customer profiles4 records
ExRoad technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability3 records
Feature4 records
ExRoad partnerships and signals
Strategic signalPartnerships
16 partnerships are on record, tiered core, major and minor.
- Asuene Co., Ltd.coreAsuene Co., Ltd. completed 100% acquisition of ExRoad in March 2026 (Asuene's 7th M&A). ExRoad joined the Asuene Group with the aim of integrating its information platform with Carbon EX's carbon credit and emissions trading exchange operations. The combined entity aims to establish one of Japan's largest corporate carbon credit information platforms ahead of mandatory GX-ETS Phase 2.
- Carbon EX (アスネネオ الكربوني)coreCarbon EX, a subsidiary of Asuene Group operating a carbon credit and emissions trading exchange, is undergoing business integration discussions with ExRoad. The planned merger aims to combine data infrastructure (ExRoad) with trading/operational support (Carbon EX). Carbon EX Insights monthly price data service is also planned for integration.
- 东京证券交易所 カーボン・クレジット市场整备室 (Tokyo Stock Exchange Carbon Credit Market)coreJoint co-development and publication of Japan's largest carbon credit market survey (283 responses, March-April 2025). Tokyo Stock Exchange provided official endorsement and cooperation. Survey results published as both free summary and paid full report. The partnership positions ExRoad as the authoritative data partner for the exchange.
- 国际排出量取引协会 (IETA)majorIETA and ExRoad co-hosted a webinar on June 16, 2026 featuring IETA Japan Representative Kido Manabu and ExRoad CEO Kimura Keisuke, covering carbon market trends and IETA's comprehensive report on Japan's carbon market. IETA is a major global carbon trading NGO and ExRoad has been a Gold Sponsor of IETA Asia Climate Summit 2023.
- SylveramajorSylvera, a UK-based carbon credit rating agency, partnered with ExRoad to provide world-standard quality assessment information on ExRoad's platform. The partnership enables ExRoad users to access Sylvera's credit quality ratings alongside the platform's existing registry data, supporting greenwashing risk mitigation.
- AbatablemajorAbatable, an international carbon credit data provider, partnered with ExRoad in September 2025 to provide data from over 10,000 global carbon credit projects and credit price data. This enhanced ExRoad's international carbon credit database capabilities and global market coverage.
- Puro.earthmajorPuro.earth, the world's largest carbon removal credit certification platform (based in Finland, acquired by Nasdaq in 2021), was added to ExRoad's cross-registry search database in June 2025. This enables users to search Puro.earth carbon removal projects and CO2 removal certificate data alongside other major registries.
- IsometricmajorIsometric, a London/New York-based carbon removal credit registry (ICROA and ICVCM/CORSIA certified in 2024-2025), was added to ExRoad's cross-registry search in August 2025, enabling access to specialized carbon dioxide removal project data, issuance volumes, and invalidation records.
- 三菱UFJリサーチ&コンサルティング (Mitsubishi UFJ Research & Consulting)majorMitsubishi UFJ Research & Consulting co-hosted webinars with ExRoad on topics including COP30 post-analysis, Paris Agreement Article 6, and GX-ETS accounting practices. The partnership leverages MURC's consulting expertise to enhance webinar content and reach enterprise clients.
- デロイト トーマツ コンサルティング (Deloitte Touche Tohmatsu)majorDeloitte Touche Tohmatsu co-hosted a webinar with ExRoad in December 2024 on environmental management and carbon credits, with Deloitte sustainability practitioners delivering expert content. The partnership targets enterprise sustainability and strategy teams.
- 三菱商事 (Mitsui & Co.)majorMitsui & Co. co-hosted a webinar with ExRoad in August 2024 on technical CDR (Carbon Dioxide Removal) credits, featuring Mitsui's Mr. Koyama who leads the NextGen CDR Facility. Mitsui is actively developing CDR businesses and partnered with ExRoad for educational content in this emerging area.
- 大阪燃气 (Osaka Gas)majorOsaka Gas co-hosted a webinar with ExRoad in November 2024 on their generative AI-powered carbon credit quality evaluation system. Osaka Gas developed an AI system to evaluate carbon credit project plans against certification standards, and partnered with ExRoad to explain the technology to enterprise audiences.
- 商船三井 (Mitsui O.S.K. Lines)majorMitsui O.S.K. Lines co-hosted a webinar with ExRoad in November 2024 on blue carbon (mangrove restoration/conservation) projects. Mitsui O.S.K. Lines is developing mangrove CDR projects in Indonesia and partnered with ExRoad to share practical expertise with enterprise audiences.
- 东京证券交易所 (Tokyo Stock Exchange)coreTokyo Stock Exchange co-hosted a webinar with ExRoad in January 2025 on GX-ETS latest trends and the exchange's carbon credit market. TST's Carbon Credit Market Office collaborated with ExRoad on the major market survey published in May 2025.
- GX League (ジーエックス・リーグ)majorExRoad officially joined the GX League (an initiative under METI, NRI, and Hakuhodo) in April 2023. The GX League is Japan's official platform for corporate GX transformation, bringing together companies committed to decarbonization and operating the GX-ETS. Membership provides access to official policy developments and positions ExRoad as a trusted information provider for GX League companies.
- C2X PlatformminorExRoad joined the C2X open innovation platform in September 2023, aimed at realizing a circular sustainable decarbonized society through cross-industry collaboration. C2X (Carbon to X) focuses on commercializing decarbonization and CCUS technologies through multi-company partnerships.
Scale indicators6 records
Recent moves7 records
Expansion highlights6 records
ExRoad competitors and assessment
Company assessmentBroad incumbents
- S&P Global Commodity Insights (Carbon): Provides carbon market price assessments and analytics (formerly Platts). Comparable as an institutional carbon market intelligence provider but with global rather than Japanese specialization.
- MSCI Carbon Markets: Global ESG and climate data provider with carbon market analytics as part of its broader sustainability portfolio. Comparable as a large-scale carbon/ESG information platform but not specialized in Japanese GX-ETS intelligence.
Direct peers
- AlliedOffsets: Carbon market data and analytics platform tracking voluntary carbon market transactions, project data, and prices. Directly comparable as a structured carbon credit data and intelligence provider.
- BeZero Carbon: London-based carbon credit ratings agency offering project-level ratings, market analytics, and price assessments. Comparable to ExRoad's Sylvera integration as a carbon market data and ratings provider serving enterprise buyers.
- Abatable: Carbon credit data provider covering 10,000+ global projects, partnered with ExRoad since September 2025. Directly comparable as a carbon market intelligence and price data provider serving corporate buyers and project developers.
- Sylvera: UK-based carbon credit ratings agency that ExRoad has partnered with for credit quality data. Sylvera provides project-level ratings and is a direct comparable as a B2B data/ratings provider for the voluntary carbon market with overlapping enterprise customer base.
Emerging players
- Renoster: Carbon credit marketplace and analytics platform providing project data, pricing, and procurement tools. Comparable as a data-driven carbon credit intelligence platform serving enterprise buyers, though with more transactional focus.
- Greenomy: European ESG and carbon reporting platform serving corporates on CSRD/Sustainability compliance and decarbonization data. Comparable to ExRoad's GHG dashboard as a structured carbon/ESG data platform for regulated enterprises.
- South Pole Group: Global carbon project developer and advisory with deep Japanese market presence through South Pole Japan (co-hosted webinars with ExRoad). Comparable as a carbon credit advisory and market intelligence provider for Japanese enterprises.
- Carbon Direct: US-based carbon advisory and data firm combining consulting, managed procurement, and a research/data practice. Comparable as a high-end information and advisory provider for enterprise carbon credit decision-making.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
ExRoad social profiles
Digital presenceExRoad financial estimates
Financial estimateRevenue estimate
Valuation estimate
ExRoad leadership team
Management profileNumber of profiles
Profiles2 records
ExRoad funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ExRoad M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ExRoad
What does ExRoad do?
ExRoad operates an all-in-one B2B SaaS information platform that aggregates Japanese and international carbon credit news, GX-ETS and J-credit regulations, voluntary market data, registry details, and price information. The subscription-based platform provides enterprise customers with structured data, a proprietary RAG-powered AI assistant, a GHG emissions comparison dashboard, and cross-registry credit search covering approximately 90% of global issuance.
Is ExRoad a public or private company?
ExRoad is a private company. It is classified as corporate owned and is currently operating.
When was ExRoad founded?
ExRoad was founded in 2022. It employs 1 to 10 people.
Where is ExRoad based?
ExRoad is headquartered in Tokyo, Japan, in the Asia region.
How does ExRoad make money?
One revenue line is on record: subscription-based SaaS (Information Platform).
Who are ExRoad's main competitors?
Broad incumbents on record are S&P Global Commodity Insights (Carbon) and MSCI Carbon Markets. Direct peers are AlliedOffsets, BeZero Carbon, Abatable and Sylvera. Emerging players are Renoster, Greenomy, South Pole Group and Carbon Direct.
Does ExRoad have an API?
No public API is recorded for ExRoad.
What industry is ExRoad in?
ExRoad's product category is Carbon Credit Information Platform. Its primary akta.pro industry code is EUABAEAA, Enterprise Carbon Accounting & GHG Inventory Platforms.