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. 

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🌞 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. 

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💟 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.