Urgent energy needs in Southeast Asia: Renewable startups to the rescue
Accelerating renewable energy is urgent for Southeast Asia countries as energy demands continue to increase. Most countries' leaders have committed to achieve net-zero by 2050 to keep the global temperature increase below 2°C.
Technology helps workforce improve skills: Eka Himawan, Managing Director of Xurya Daya Indonesia
Startups are synonymous with innovation. I think this spirit of innovation can create a solution that adds value to the economy as a whole. During the COVID-19 pandemic, there were a lot of startups or normal businesses that experienced a decline. But we should thank technology for helping startups become part of the trend.
Turning your ideas on climate issues into real impact
Southeast Asia is currently on track to experience a 3°C warming, which goes beyond the target set by the Paris agreement to limit global warming to 1.5°C. This projection has significant ramifications for the worldwide market and the well-being of the Southeast Asian population.
Climate tech investment is a top priority in achieving net zero emissions
Achieving net zero emission globally by 2050 is critical to tackle the climate crisis and help to save our planet for the next generation. Global temperatures have risen 1.1°C since 1901, due to an excess of emissions from burning fossil fuels. Negative effects of climate change are mounting, such as extreme weather patterns and rising sea levels, all of which threaten the entire species of plants, animals, and even the human population.
East Ventures-backed startups, Xurya, Nusantics, and Komunal, were crowned as Top Startup in the G20 Digital Innovation Network 2022
East Ventures-backed portfolio companies: Xurya, Nusantics, and Komunal, have been crowned as the Top Startup in the G20 Digital Innovation Network 2022, held in Bali, Indonesia, from 2 - 4 September 2022. They represented Indonesia on this global stage as part of the G20 Presidency of Indonesia with a theme of "Recover Stronger, Recover Together".
Invest in Our Planet: Here are East Ventures’ environmental agents to save the Earth
The world celebrates Earth Day every 22 April. Earth day is an event to raise public awareness regarding environmental protection and also a time for us to reflect on what kind of contributions we have given to our mother's nature.
More Indonesian companies installing rooftop solar panels
More Indonesian companies such as apparel manufacturer Pan Brothers are banking on the sun in their march towards sustainability. In January, three factories of Pan Brothers in Boyolali regency, Central Java, began operating rooftop solar panels that can generate 1,800 kilowatt peak (kwp), the rate at which they generate energy at peak performance such as on a sunny day in the afternoon.
Xurya receives US$ 21.5 million series A funding from investors led by East Ventures and Saratoga
Xurya, a renewable energy startup with a focus on Rooftop Solar Power Plant rental in Indonesia, announced series A funding of US$21.5 million or equivalent to Rp 308 billion. This series A funding round was led by a venture capital firm, East Ventures (Growth fund), and PT Saratoga Investama Sedaya Tbk. (Saratoga) with the returning participation of existing investors Schneider Electric and New Energy Nexus Indonesia.