Climatetech

Three Indonesian startups get funding from New Energy Nexus Ventures

January 25, 2024

More clean energy, please! New Energy Nexus (NEX) Ventures just pumped in additional investments to Swap Energy, SolarKita, and Synergy Efficiency Solutions, totaling $31M.

  • NEX Ventures is an investment management company that manages clean energy and climate tech investments in Southeast Asia. 

🌞 And the startups are… 

Here’s where they poured the $$$. 

Swap Energy. They're a startup that builds and manages battery swapping stations for EVs. 

  • Swap Energy raised $22M in December last year. 
  • The company has over 1.3K battery-swapping stations across the country. 

SolarKita. This startup offers services that make installing rooftop solar panels easier for homeowners. 

  • The $$$ will be used to refine their product quality and expand their network of installers and sales partners across Indonesia.
  • NEX Ventures co-invested in SolarKita with Schneider Electric Energy Access Asia. 

Synergy Efficiency Solutions (SES). Finally, this startup wants to simplify energy efficiency across the region by designing and implementing energy-efficient solutions. 

  • They’ve worked with USAID, Sinarmas, and Yakult, according to their website. 
  • NEX Ventures co-invested in SES with Southeast Asia Clean Energy Facility. 

💟 More about NEX Ventures

They started investing in 2020 with the Indonesia 1 Fund, which focuses on early-stage cleantech startups in Indonesia. 

  • They’ve invested in 7 climatetech companies and have made 4 follow-on investments since 2020. 

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