Suryanesia Pocketed Initial Funding of 31 Billion Rupiah Led by Intudo Ventures
Providing renewable energy solutions to help the commercial and industrial sectors save energy
Renewable energy solution provider startup Suryanesia pocketed seed funding of $2 million or around 31 billion Rupiah led by Intudo Ventures. This round is also injected by a number angel investors, including executives in the company consulting, private equityand sovereign wealth funds.
Suryanesia was established in August 2021, offering access to renewable energy for the commercial and industrial sectors. For your information, this initial round is the first external funding that Suryanesia has received.
Founder and CEO of Suryanesia Rheza Adhihusada said, Indonesia plays a role as a battlefield in fighting climate change. "Our mission is to empower consumers, businesses and governments to take advantage of new technologies and solutions to tackle climate change and accelerate the transition to renewable energy," he said in an official statement.
Suryanesia's development is led by an experienced team who are passionate about climate change. Starting with Rheza who was previously a consultant at Bain & Company, followed by Nikesh Shamdasani as Head of Engineering with in-depth expertise and experience installing 17 MWp solar power systems in Indonesia. Finally, Grant Adsit joined as Head of Business Development, previously having an executive career marketing at Colliers.
As a Solar-as-a-Service provider, Suryanesia facilitates the financing, installation, operation and management of solar power systems in the area rooftop client's. Through the solution, the resulting clean energy can help building owners save on electricity costs and reduce carbon footprint without being charged up front (upfront).
It is targeting the commercial building segment, such as malls, as well as manufacturing in the FMCG, textile, pharmaceutical, furniture and plastic sectors with a savings target of around $20.000-$50.000 per year. SThis solution can also be used by multinational companies or the public who want to encourage sustainability by reducing carbon.
This funding will be used to increase human resources so as to accelerate marketing and project execution. Suryanesia is also planning long-term expansion to offer its solutions to the residential and independent power production segments (battery storage, windpower) in order to accommodate the need for renewable energy (renewable energy) in Indonesia.
They try to provide experience seamless and end-to-end, includes client understanding and regulatory management so that clients can enjoy energy saving. Meanwhile, his party conducts a strict structural analysis by providing strong recommendations to ensure that the client's building is safe from solar panel installation.
Founding Partner of Intudo Ventures Patrick Yip added, "over the next decade, we believe Indonesia can drive decarbonization. Suryanesia solutions can help stakeholders in the commercial and industrial sectors navigate their carbon footprint while increasing their profitability. We look forward to their efforts to create a more sustainable future. green for Indonesia."
As is well known, the Government has set a New Renewable Energy (EBT) mix of 23% by 2025. Even though the footprint of energy startups is not long in Indonesia, this has created opportunities for stakeholders to develop solutions to reduce carbon emissions.
One of them is utilizing solar panels as the most popular renewable energy option. In Indonesia, startups offering solar solutions are growing, such as Xurya, SUN Energy, Energy Stalls, and SolarKita. However, developers are often hampered in marketing their products. In addition to requiring intensive capital and time to be able to profit, there are still many assumptions that solar panels are expensive and need ongoing maintenance.
Therefore, large corporations are now taking the initiative to boost the energy startup ecosystem in the country. One of them is Pertamina New and Renewable Energy (Pertamina NRE), which has allocated IDR 7,7 trillion for investment in energy startups. This Energy Fund initiative will be co-managed by MDI Ventures.