• Berkeley Energy Commercial Industrial Solutions (BECIS)

  Participated · Equity · Dec 2024

  Becis is a Singapore-based Energy as a Service (EaaS) provider serving commercial and industrial customers. Using an EaaS model, it develops, constructs, operates and owns distributed energy solutions to reduce customer risk and complexity while achieving sustainability, cost efficiency and energy resilience. The company specializes in a variety of decarbonisation solutions and is led by CEO Eren Ergin. Becis operates across eight strategic markets: India, Thailand, Indonesia, Vietnam, Philippines, Malaysia, China and Cambodia. In December 2024 it raised US$53M in equity funding. The company intends to use the funds to expand operations and its business reach. BECIS is a leading energy-as-a-service provider focused on rooftop solar across South and Southeast Asia. The company plans to grow its rooftop solar portfolio in markets including Vietnam, the Philippines, Indonesia, Thailand, Malaysia and India. To support that expansion it secured a $50 million joint financing facility. The investment is expected to enable BECIS to avoid 319,000 tonnes of CO2 emissions per year. BECIS emphasizes sustainability and innovation and aims to drive renewable energy adoption and promote energy literacy within local communities. The partnership with its financiers is presented as supporting a thriving, sustainable future in the region.

• Sunly

  Participated · Debt Financing · Aug 2024

  Sunly develops, owns, and operates renewable energy assets, focusing on solar PV and wind installations in the Baltic states and Poland. The company currently has 49 MW of solar PV in operation and a further 173 MW under construction. Its forward pipeline totals 17.9 GW of planned solar and wind capacity, underpinning an ambitious two-year investment plan. To execute on this pipeline, Sunly intends to grow its workforce from 135 to about 400 employees. The firm’s business model centers on greenfield development and ownership of renewable generation assets, positioning it as a key regional player in the energy transition. Recent funding has strengthened its balance sheet and brought in a new majority shareholder, giving Sunly the resources to accelerate build-out while maintaining stringent sustainability standards.

• Otovo

  Participated · Equity · Feb 2022

  Otovo USA is a Houston, TX–based home power services provider led by CEO John Berger. The company closes the reliability gap by combining real-time equipment monitoring, rapid repairs, dependable power supply, and grid rewards into one seamless service. Its power partner model unites retail electricity, energy service (O&M), and grid trading through a cloud-connected Virtual Power Plant. Offerings encompass solar systems, batteries, standby generators, EV chargers, load managers, and other power generation and management systems. The service is currently available in the Texas market and the company plans to expand across America. Otovo USA raised $4M+ to expand operations and development efforts. Founded in Oslo in 2016, Otovo is a marketplace for residential solar and battery installations active in 13 markets. It uses proprietary technology to analyse a home and an automatic bidding process to find the best price and installer. The company has sold and completed over 20,000 solar energy projects across Europe. Otovo has raised €40M in a private shares placement aimed at providing a path to profitability by growing sales volume, optimising operational costs, and monetising subscription assets. Shares in the placement were allocated to existing shareholders including Axel Johnson Group via AxSol, the Norwegian state climate fund Nysnø, housing developer Obos, and Å Energi. In conjunction with the equity raise the company will carry out a repair issue of up to 17.4 million shares at the same price and restructure its options programme for key employees. Otovo operates a marketplace that sells and installs residential solar panels and batteries, matching homeowners to installers via proprietary technology and an automatic bidding process. The company has sold and completed over 11,000 solar energy projects and is active in 13 markets. Otovo plans to build a large portfolio of solar subscription assets and to own and operate distributed power plants composed of rooftop solar and battery installations. The firm recently raised a mix of debt and equity to finance construction of subscription assets and expand its asset portfolio. Management expects the combined assets to amount to roughly 80–105 MW and for the market cap to be approximately €300 million when the financing is fully utilized. Otovo previously announced an intention to uplist from Euronext Growth to the Oslo Stock Exchange, though that uplisting was postponed due to the recent equity issue. Otovo operates a marketplace for residential and commercial solar and battery installations, using proprietary technology to analyse homes and an automatic bidding process to match customers with installers. The company is currently active in seven European markets and plans to add six more within 12–18 months. It is based in Oslo and has a market capitalization of approximately €200 million. Since 2016 Otovo says it has sold and completed more than 6,000 solar systems across Europe. In Q4 2021 the company reported a 223% year‑over‑year rise in sales and a 173% year‑over‑year increase in revenue. With the new capital the company also plans to uplist from Euronext Growth to the Oslo Stock Exchange within 12 months. Otovo operates a digital platform that sells solar panels, simplifies installations, and compares the costs of dozens of local installers quickly. Founded in 2016, the company buys back any excess energy produced and notes its panels generate clean energy for 25 years. Otovo has grown in Nordic markets and was the winner of the Oslo Innovation Award 2018. The startup plans to use lessons learned in Norway and Sweden to expand further into Europe, targeting sunnier southern markets with higher electricity prices. To support that European expansion, Otovo recently raised €10.5 million from KLP Liv / KLP AksjeNorge and Nysnø. Investors framed the investment as part of a long-term strategy to accelerate the green transition.

• Heimdall Power

  Participated · Equity · Mar 2021

  Heimdall Power develops and sells sensor balls designed to monitor and optimize electric power grids, with technology the company says can increase existing grid capacity by 20–40 percent. The solution has opened doors to the U.S. market and large grid-infrastructure support packages, and management is positioning the company to win multi‑million dollar contracts there. Heimdall has delivered systems to 50 customers in 21 countries, including state operators in Norway, Ireland and the U.K. The company has grown revenue at about 135 percent annually in recent years but remains unprofitable with an accumulated deficit exceeding NOK 200 million. Heimdall was valued at NOK 700 million in the latest financing, up from roughly NOK 500 million in 2021. The new capital is intended to scale operations and accelerate the path to expected profitability in 2027 or 2028.

No current team members are available.