Justin Lee

Principal, Investments

Mike Lim

Partner and Managing Director

Past deals in Singapore

Green Li-ion

Series B in 2023
Green Li-ion, established in 2020 with headquarters in Singapore, specializes in innovative battery recycling technology. The company's patented deep tech process enhances the purity of recycled materials, allowing lithium-ion batteries to be rejuvenated and reused efficiently. This unique approach addresses environmental concerns and improves profitability compared to conventional recycling methods by a factor of four.

ACX

Convertible Note in 2022
AirCarbon Exchange, based in Singapore, operates a blockchain-based platform designed for trading carbon commodities, including carbon credits generated by various mitigation projects. The exchange facilitates both spot and futures markets, catering to industry stakeholders managing their carbon liabilities. Supported by the Sustainable Energy Association of Singapore and the Digital Exchange Association, AirCarbon tokenizes carbon offsets into three distinct asset classes: the AirCarbon CORSIA Token for offsets compliant with ICAO guidelines, the AirCarbon Forestry Token for offsets from forest management projects, and the AirCarbon Premium Token for high-quality offsets that align with the United Nations Millennium Development Goals. Additionally, AirCarbon manages an investment fund that provides development capital to carbon sequestration initiatives, generating liquidity in the carbon market and enhancing trading volume. The platform aims to streamline trading processes and support the transition to a carbon-constrained economy while contributing to verified projects that reduce atmospheric carbon.

Green Li-ion

Series A in 2022
Green Li-ion, established in 2020 with headquarters in Singapore, specializes in innovative battery recycling technology. The company's patented deep tech process enhances the purity of recycled materials, allowing lithium-ion batteries to be rejuvenated and reused efficiently. This unique approach addresses environmental concerns and improves profitability compared to conventional recycling methods by a factor of four.

SolarHome

Series A in 2020
SolarHome is a pioneering company specializing in Pay-As-You-Go (PAYG) solar solutions for off-grid households in Southeast Asia. Based in Singapore, SolarHome installs integrated solar energy units in customers' homes and offers affordable rent-to-own plans, making solar technology accessible to low-income clients. The company focuses on delivering significant social impact by serving the 27 million households across Southeast Asia that live outside of the electric grid. Currently, SolarHome operates primarily in Myanmar and was initially developed by FORUM, a leading fintech venture builder in Emerging Asia.

SolarHome

Debt Financing in 2019
SolarHome is a pioneering company specializing in Pay-As-You-Go (PAYG) solar solutions for off-grid households in Southeast Asia. Based in Singapore, SolarHome installs integrated solar energy units in customers' homes and offers affordable rent-to-own plans, making solar technology accessible to low-income clients. The company focuses on delivering significant social impact by serving the 27 million households across Southeast Asia that live outside of the electric grid. Currently, SolarHome operates primarily in Myanmar and was initially developed by FORUM, a leading fintech venture builder in Emerging Asia.

SolarHome

Convertible Note in 2018
SolarHome is a pioneering company specializing in Pay-As-You-Go (PAYG) solar solutions for off-grid households in Southeast Asia. Based in Singapore, SolarHome installs integrated solar energy units in customers' homes and offers affordable rent-to-own plans, making solar technology accessible to low-income clients. The company focuses on delivering significant social impact by serving the 27 million households across Southeast Asia that live outside of the electric grid. Currently, SolarHome operates primarily in Myanmar and was initially developed by FORUM, a leading fintech venture builder in Emerging Asia.

Packet Greens

Seed Round in 2017
Packet Greens is a provider of hydroponic cultivation solutions that focuses on delivering fresh, pesticide-free produce directly to consumers' doorsteps in Singapore. By leveraging advanced indoor farming technology and automation, the company enhances land-use efficiency and minimizes resource wastage through precise nutrient and water delivery systems. This innovative approach allows Packet Greens to grow a diverse range of vegetables at affordable prices, contributing to the local food supply and supporting Singapore's self-sufficiency goals. The subscription-based model ensures that families receive fresh harvests regularly, promoting healthier eating habits while eliminating the need for intermediaries in the supply chain.

Sunseap Group

Series B in 2015
Sunseap Group is a Singapore-based provider of solar and clean energy solutions, established in 2011. The company specializes in developing and offering cost-effective solar solutions, catering to the diverse energy needs of its clients. Sunseap operates as both a licensed Electricity Wholesaler and Electricity Retailer, which allows it to implement two primary business models: solar leasing and clean electricity supply. The company delivers a comprehensive service that includes project financing, design, installation, and maintenance of grid-connected photovoltaic power plants. By providing an integrated approach to clean energy services, Sunseap aims to facilitate the transition to sustainable energy for businesses and contribute to a greener future.
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