Participated · Series A · Dec 2025

QE-Labs is a Singapore-based technology company specializing in electroluminescence (EL) imaging for photovoltaic module inspection. Its integrated hardware-software platform combines autonomous drone flight scanning, automated inspection planning, and EL data acquisition and analysis. By rapidly identifying cell and module defects, the system aims to improve the efficiency and accuracy of solar farm operations and maintenance. The company positions its solution as a way to reduce downtime and maintenance costs for large-scale PV installations. Proceeds from its latest financing will support continued technology upgrades and the expansion of engineering and commercial teams. QE-Labs also intends to accelerate its go-to-market efforts across the broader Asia-Pacific region.

Participated · Equity · Sep 2025

Terra Oleo is a Singapore-based biotechnology startup developing engineered yeast strains that convert agricultural and biodiesel waste into a range of oils, including cocoa butter analogs and specialty oleochemicals for the cosmetic and pharmaceutical sectors. Co-founded in 2022 by Shen Ming Lee, whose family is a major palm-oil producer, and MIT PhD Boon Uranukul, the company aims to offer a more sustainable alternative to traditional palm-oil supply chains. Its team has selected three yeast species and used genetic and metabolic engineering to boost production of targeted triglycerides, enabling the microbes to secrete finished specialty fats without costly downstream refining. Although the company is currently producing only gram-scale quantities in the lab, it plans to use newly raised capital to reach kilogram-scale production. Early cost analysis indicates that Terra Oleo could achieve margins of roughly 80% on certain oleochemicals because its process skips multiple refining steps. Over time, the founders hope to collaborate with incumbent palm-oil players to diversify global vegetable-oil supply and reduce deforestation impacts.

Participated · Equity · Jun 2024

Tiger New Energy builds a Battery‑as‑a‑Service network of fast battery‑swapping stations for electric three‑wheelers, enabling drivers to exchange depleted batteries for fully charged ones in under a minute. Its proprietary features—Offline Swapping, Reverse Charging, advanced thermal management, and data‑driven optimization—extend lithium‑ion battery life and keep service running during power outages while doubling as decentralised energy storage. The company reports that swapping drastically reduces downtime and has been shown to increase rickshaw drivers’ earnings by about 60%. Tiger operates a daily subscription model and is forming partnerships with EV manufacturers and energy providers to scale deployments. With plans to expand beyond 100 stations and empower over 10,000 drivers, Tiger is also recruiting talent, investing in R&D, and exploring new regional markets. The startup runs the HerDrive initiative to train and support female rickshaw drivers, targeting 1,000 women by 2025, and is preparing for a Series A round at the end of 2024. Tiger New Energy builds battery-swapping stations and related infrastructure to let drivers quickly exchange depleted batteries for fully charged units, targeting Bangladesh’s large three-wheeled EV market. The company emphasizes renewable energy for its swaps and aligns its mission with the UN Sustainable Development Goal 7. Its solution is designed to reduce range anxiety and accelerate the transition to more efficient lithium batteries. The founders, Harvard alumni Nicole Mao and Yiwei Zhu, lead the company with Nicole Mao serving as CEO. Tiger New Energy plans to expand its battery-swapping station network across Bangladesh using the newly raised capital. The articles note that about 2.5 million electric vehicles traverse Bangladesh’s streets daily, underscoring the addressable market for the company’s service.

Participated · Equity · Jun 2024

IBISA develops and operates parametric insurance solutions using satellite data analytics and actuarial risk modeling to insure against weather-related events. Its product suite includes agricultural-focused covers, typhoon insurance, loan protection for financial institutions, and a heat-stress product initially for dairy farmers. The company has placed special emphasis on India after establishing a local presence there in 2023 and is expanding the heat-stress product to countries such as Bangladesh. IBISA says its offerings make insurance more accessible and affordable for climate-vulnerable communities across Asia and Africa. The company recently closed a funding round that management says will enable product development and further geographic expansion. Management describes the next phase as an industrialisation stage to amplify product offerings and scale into new emerging markets. IBISA builds weather-focused microinsurance for low-income small farmers, using index-based (parametric) payouts triggered by catastrophic weather events. Its product relies on satellite (orbit) imagery and crowdsourced data from local "watchers" to assess damage and trigger quick, collective payouts that reduce claims-processing costs. The startup also incorporates blockchain (its name stands for Inclusive Blockchain Insurance Using Space Assets) and was accelerated by the EU's Block.IS project to keep operating costs low. Since founding in 2019 and based in Luxembourg, IBISA has worked with partners in the Philippines, India and Niger and follows a partnership-based distribution model with mutuals, insurers, microfinance institutions, research institutions, farmers and breeders associations and governments. It plans to use the new seed funding to hire and expand its presence in existing and new markets. The approach aims to make agricultural insurance commercially viable by lowering operating costs and simplifying claims for farmers.

Led · Seed · Mar 2024

Blitz Electric Mobility is an Indonesia-based electric vehicle logistics enabler that offers B2B same-day and instant delivery, integrated white-label logistics, and delivery management under clients’ brands. Its asset-light, tech-first model leverages a growing pool of thousands of gig couriers and embedded EV financing for drivers to scale delivery without clients owning fleet assets. The company has completed over 14 million deliveries, deployed more than 1,000 EV bikes, and logged 220 million electric kilometers. In 2024 Blitz tripled its revenue while cutting its burn rate by over 70 percent, achieving substantial profitability improvements and optimizing operational costs. Blitz has integrated its EV fleet with Grab’s platform and was selected for NVIDIA’s Inception program for AI tools in routing and driver analytics. The firm plans disciplined expansion to 30 cities across Indonesia, focusing on efficiency, quality clients, scalable operations, and stronger unit economics as it moves toward profitability. Blitz provides a white‑label logistics platform that combines AI-powered driver management, operations, and EV fleets for enterprise clients. Its core product is an asset-light, driver-optimisation last-mile delivery stack that guarantees 99%+ delivery SLA completion, up to 16% shorter delivery times, and 33% higher income for couriers versus traditional gig work. Blitz operates nationally in 20 Indonesian cities, serves 30+ enterprise clients across eight industry segments, and has completed 6 million green deliveries to date while cutting more than 10 million kilograms of CO2 emissions. The company reports 27x year-on-year revenue growth and has raised a total of $2.6M to date. Blitz plans to expand to 40 Indonesian cities, target 2 million green deliveries per month, pursue Southeast Asia expansion, and develop capabilities to trade certified carbon credits locally and internationally.