Justin Lee

Principal, Investments

Mike Lim

Managing Director

Past deals in Singapore

Green Li-ion

Series B in 2023
Green Li-ion is a technology company based in Singapore, founded in 2020, that specializes in the recycling of lithium-ion batteries. Its patented multi-cathode technology addresses inefficiencies in traditional battery recycling methods, enabling the rejuvenation of battery cathodes. This innovation not only enhances the purity of the output but also allows lithium-ion batteries to be reused effectively, extending their lifespan without compromising efficiency. By offering a cleaner and faster recycling process, Green Li-ion significantly improves profitability compared to existing methods, thereby mitigating risks to the precious metals industry and contributing positively to environmental sustainability.

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 is a technology company based in Singapore, founded in 2020, that specializes in the recycling of lithium-ion batteries. Its patented multi-cathode technology addresses inefficiencies in traditional battery recycling methods, enabling the rejuvenation of battery cathodes. This innovation not only enhances the purity of the output but also allows lithium-ion batteries to be reused effectively, extending their lifespan without compromising efficiency. By offering a cleaner and faster recycling process, Green Li-ion significantly improves profitability compared to existing methods, thereby mitigating risks to the precious metals industry and contributing positively to environmental sustainability.

SolarHome

Series A in 2020
SolarHome is a pioneering company in Southeast Asia, specializing in Pay-As-You-Go solar solutions for off-grid households. The company installs integrated solar energy systems and appliances in homes and offers affordable rent-to-own plans, significantly lowering the barriers to solar technology adoption for low-income clients. With a focus on social impact, SolarHome targets the 27 million households in Southeast Asia that lack access to the electric grid. Headquartered in Singapore, the company currently operates in Myanmar and aims to provide sustainable energy solutions to underserved communities. SolarHome was developed by FORUM, a leading fintech venture builder in Emerging Asia, which supports its innovative approach to renewable energy access.

SolarHome

Debt Financing in 2019
SolarHome is a pioneering company in Southeast Asia, specializing in Pay-As-You-Go solar solutions for off-grid households. The company installs integrated solar energy systems and appliances in homes and offers affordable rent-to-own plans, significantly lowering the barriers to solar technology adoption for low-income clients. With a focus on social impact, SolarHome targets the 27 million households in Southeast Asia that lack access to the electric grid. Headquartered in Singapore, the company currently operates in Myanmar and aims to provide sustainable energy solutions to underserved communities. SolarHome was developed by FORUM, a leading fintech venture builder in Emerging Asia, which supports its innovative approach to renewable energy access.

SolarHome

Convertible Note in 2018
SolarHome is a pioneering company in Southeast Asia, specializing in Pay-As-You-Go solar solutions for off-grid households. The company installs integrated solar energy systems and appliances in homes and offers affordable rent-to-own plans, significantly lowering the barriers to solar technology adoption for low-income clients. With a focus on social impact, SolarHome targets the 27 million households in Southeast Asia that lack access to the electric grid. Headquartered in Singapore, the company currently operates in Myanmar and aims to provide sustainable energy solutions to underserved communities. SolarHome was developed by FORUM, a leading fintech venture builder in Emerging Asia, which supports its innovative approach to renewable energy access.

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 families in Singapore. By eliminating the use of distributors, the company ensures that customers receive affordable harvests at their doorsteps. Utilizing advanced indoor farming technology, Packet Greens aims to contribute to Singapore’s food self-sufficiency goals by growing a diverse range of vegetables. Their subscription-based platform integrates hydroponics with automation, allowing for precise nutrient and water management, which reduces waste and enhances land-use efficiency. This innovative approach enables farmers to boost productivity and optimize their output while making fresh, local produce accessible to more families.

Sunseap Group

Series B in 2015
Sunseap is a Singaporean company specializing in solar and clean energy solutions, established in 2011. It offers a comprehensive range of services, including project financing, design, installation, and maintenance, aimed at providing cost-effective clean energy alternatives. Sunseap operates as both a licensed Electricity Wholesaler and Retailer, which allows it to implement two primary business models: solar leasing and clean electricity supply. By leveraging its expertise in developing grid-connected photovoltaic power plants, Sunseap diversifies the energy portfolio for businesses and supports the transition to sustainable energy practices.
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