The climate tech startup WasteX, headquartered in Singapore with operations in Indonesia and the Philippines, has secured $450,000 in funding from impact fund P4G Partnerships. This funding round was achieved within less than two years since WasteX, known for its expertise in transforming agricultural waste into biochar, was established by venture builder Wavemaker Impact. WasteX […]

Indonesian coal mining firm TBS Energi Utama Tbk (TOBA), has successfully acquired Asia Medical Enviro Services, a leading medical waste treatment startup based in Singapore. The transaction was carried out through one of TOBA’s subsidiaries. With this move, TBS Energi Utama plans to diversify its business portfolio beyond coal mining. Asia Medical Enviro Services, Singapore’s […]

The Radical Fund, a climate-focused early-stage investor headquartered in Bangkok, has successfully achieved the first close of its climate tech fund, raising an initial amount of US$40 million. The fund is specifically targeted at supporting early-stage startups in the Southeast Asia (SEA) region that are dedicated to addressing climate-related challenges. The Radical Fund operates under […]

Xurya Daya Indonesia (Xurya), a solar power rental and installation startup, received additional series A funding from global trading and investment company Mitsui & Co., Ltd. (Mitsui) and PT Surya Semesta Internusa Tbk (SSIA). The total funds obtained through series A reached $33 million or equivalent to IDR 510 billion on October 20, 2022. Xurya’s […]

Indonesia-based waste management technology firm Waste4Change announced that it secured a $5 million Series A funding round, co-led by AC Ventures and PT Barito Mitra Investama. The round was joined by Basra Corporation, Paloma Capital, PT Delapan Satu Investa, Living Lab Ventures, SMDV, and Urban Gateway Fund. Waste4Change is a waste management platform for companies, […]

Indonesia-based renewable energy startup Xurya has raised US$21.5 million in funding in a Series A round led by Saratoga Investama Sedaya and East Ventures (Growth Fund). The funding round also saw participation from Schneider Electric and Energy Nexus Indonesia (a wise energy-dedicated incubation and accelerator programme). Xurya plans to use the fresh funding to proceed […]

Singapore-headquartered solar energy developer SUN Energy has recently raised US$25 million in its Series A funding round led by Indonesia’s TBS Energy Utama, through its subsidiary PT Toba Bora Energi, and the holding company of mining contractor BUMA, PT Delta Dunia Markmur. The fresh funding has given a boost to the firm’s plan to build […]

Waresix Indonesia is a logistics startup that is aiming to modernize logistics in Indonesia. It provides an online platform for warehousing and freight movement which is on-demand, simple, and scalable. With a booming e-commerce market in Indonesia, Waresix Indonesia offers a solution for warehousing that allows retailers, distributors, manufacturers, and consumers to quickly adapt to […]