Participated · Series A · Jan 2022

Xurya operates as a solar service provider that offers customers a "no-investment" leasing system for adopting solar. Its one-stop solution covers PLTS feasibility studies, installation, operation and maintenance. The model lets users deploy solar without upfront capital through the leasing arrangement. On July 1, 2024 the company announced a $55 million strategic investment. The financing was led by the Norway Climate Investment Fund, with participation from Swedfund, Clime Capital, British International Investment and AC Ventures. The article does not disclose operating metrics, use of proceeds, or other financial details. Launched in 2018 in Indonesia, Xurya offers a no-investment leasing approach and an all-in-one PLTS solution covering feasibility studies, installation, operation, and maintenance (including component replacement). The company serves a range of sectors including manufacturing (food & beverage, FMCG, construction materials, metals, textiles, garments), cold storage, logistics centers, hotels, and shopping malls. Xurya says it has completed over 50 PLTS projects and maintains a portfolio of multi-megawatt power-generating installations. Notable customers include Tokopedia, Traveloka, MGM Bosco, and Plaza Indonesia. The company reported a 3x increase in its PLTS in 2021. Xurya intends to use new funding to continue building rooftop solar capacity and to invest in technology and human resources.