Dubai Electricity And Water Authority
Dubai Electricity and Water Authority (DEWA) is the sole provider of electricity and water services in Dubai, formed in 1992 from the merger of the Dubai Electricity Company and the Dubai Water Department. With a workforce of approximately 9,700 employees, DEWA manages the generation, transmission, and distribution of these essential services. As of 2013, DEWA served over 652,000 electricity customers and around 580,000 water customers. The authority is committed to sustainable development by enhancing efficiency and investing in alternative energy sources, aiming for a significant portion of its power generation to come from renewable and clean energy by 2030. DEWA has implemented various initiatives to promote smart technology and sustainability, including the installation of solar panels for residential use and infrastructure for electric vehicle charging. The organization has received several international awards for its commitment to quality and safety standards. Additionally, DEWA actively contributes to community welfare through various social responsibility programs, focusing on education, health, and environmental sustainability.
Top Stages
2 past transactions
Union Credit
Funding Round in 2021
Union Credit and Guarantee is a credit and guarantee financial institution whose objective is to advise and accompany companies in their economic growth so that they can achieve the economic objectives they set themselves, and thus increase their different areas of business. The main work of the company consists of issuing international guarantees, sureties and bonds to individuals, companies, State Administrations, City Councils, etc., all over the world. To this end, we have extensive experience in this sector, as well as our own funds and guarantees deposited in various banks to cover the possible consequences of a claim.
Trende
Series A in 2018
TRENDE Inc. is a renewable energy company based in Tokyo, Japan, specializing in the online retail of electricity to residential customers. Founded in 2017, TRENDE operates two primary services: Ashita Denki, which offers affordable energy plans, and Hot Denki, designed to encourage customers to become prosumers through a third-party ownership model that allows homeowners to benefit from solar systems without the initial investment. The company also develops a peer-to-peer electricity trading system to enhance the efficiency and adoption of renewable energy. In addition to its retail services, TRENDE provides solutions for smart solar power generation and energy storage, catering to the growing demand for sustainable energy options among consumers.
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