From swappable batteries in Indonesia to decarbonizing New York’s legacy buildings, clean energy entrepreneurs around the world are helping fix our planet and make energy more accessible.
Read on to discover 6 entrepreneurs in our portfolio that are setting the benchmark for impact and innovation.
”New Energy Nexus and The Clean Fight positively impacted Radiator Labs’ growth by way of supportive programming and high-level corporate and investor introductions.” Marshall Cox, CEO of Radiator Labs
The Radiator Labs system provides room level temperature control and eliminates overheating in radiator-heated buildings. Their innovative ‘Cozy’ is a revolution in radiator heating, saving up to 45% on heating costs and their installations are 100% financeable through subsequent energy savings.
NEX’s New York program, The Clean Fight awarded Radiator Labs with a financing grant of US$150,000 to expand their team and two pilot grants of US$97,000 & US$150,000 to support a hybrid electrification and an energy efficiency project.
In 2021 Radiator Labs completed 15 projects installing approximately 3,500 units, mitigating approximately 1,800 tons of carbon annually.
Takachar is on a mission to fight climate change by transforming massive amounts of waste biomass into marketable products around the world.
Around US$120 billion of agricultural waste is generated every year. The burning of agricultural waste causes air pollution impacting human health and the global atmosphere. Using a novel concept called oxygen-lean torrefaction, Takachar has developed and patented the design of a small-scale, low-cost, portable equipment to convert waste biomass into solid fuel, fertilizer, and other specialty chemicals. If scaled, Takachar’s technology could reduce smoke emissions from agricultural waste by up to 98% and cut a billion tons of carbon dioxide a year.
NEX’s California programs, CalSEED & CalTestBed awarded a US$600,000 grant in non-dilutive funding and a voucher of ~$260,000 respectively, to conduct prototype testing at UC Santa Barbara’s Renewable Natural Gas Development Laboratory.
“If scaled widely, the Takachar technology can enable rural communities to create significantly more value from their un-merchantable crop and forest residues, thereby reducing the risks of wildfires, air pollution, and carbon footprint.” Kevin Kung, Founder and CTO
*Photo is of Vidyut Mohan, CEO and Co-Founder of Takachar.
“When questioning myself about why I am here, I find the answer in promoting social progress and making the world a better place are aligned with New Energy Nexus’ mission.” Felix Wu, CEO and Founder, Seniverse
Seniverse is a big data company, leveraging satellite data, AI, machine learning and IoT to deliver asset-level physical risk predictions on a computing platform. Seniverse’s technology predicts average power consumption with 3.02% greater accuracy, which both lowers the cost, and increases generation, of solar and wind power.
Seniverse is a member of New Energy Nexus’ second EXCEL Accelerator cohort. During the program, NEX provided deep-dive workshops with leading corporations, one-on-one interviews with business units, connected Seniverse with investors and recommended them for various international awards.
Kiryandongo Refugee Settlement is an off-grid community hosting over 65,000 people from countries bordering Uganda. The majority of the households rely on firewood for cooking, kerosene for lighting and drink unsafe water. Children’s Hope International Ministry is a community-based organization (CBO) extending psychosocial support to children and women and increasing energy access by distributing and selling clean energy products in the settlement.
The organization has reached over 100 households and hopes to expand and create awareness of clean energy products, especially cookstoves and solar lanterns. It has also earned revenue from the profits to run more activities. NEX introduced the CBO to the clean energy business model, provided training to increase sales and run a business. We also offered stock capital to start the business as the CBO had no funds or collateral to present to banks to access financial assistance.
“Clean energy products reduce stress on environmental resources. I hope that our work can help the community appreciate the importance of the cookstoves, briquettes and solar lanterns so they can become self-appointed ambassadors and users.” Deacon Rwemigio Raphael, Founder and Director of Children’s Hope International Ministry
“I have been in the renewable sector for six years. But the amount of knowledge or confidence I am getting after being associated with [this program] is something beyond my expectations. The most amazing part is that all the mentors try their best to associate us with various opportunities that comes along the way. Thanks.. for giving [me] this opportunity to grow…” Saikrishna Mohanty, Founder & Managing Partner, Solar Infra
Solar Infra specializes in solar installation, project works, assembling, and supplying solar products. Solar Infra has installed more than 2.5MW of solar products. Their household products use brushless DC motors which lower electricity consumption. Through all the solar products installed and sold, Solar Infra has reduced ~1.8 tons of GHG emissions. Their solar products such as solar sewing machine, incense machine, solar-operated drip irrigation for farmers, and rope making machines have provided livelihood opportunities for more than 700 households.
Solar Infra is a part of NEX’s Climate Ready for Women in Energy program (in partnership with Climate Collective) which has provided business literacy skills, support on their pitch deck for investors and mentorship support to launch new livelihood products.
The two biggest problems with e-motorcycles, a potentially massive mode of transport in Indonesia, are perceptions about their range and the longer time it takes to charge. SWAP is city-based infrastructure of battery swapping stations for e-motorcycle riders. No more cords, no more hassle, battery is being swapped with a fully-charged battery within 9 seconds.
SWAP has 350+ units of e-motorcycles on the road, 250+ battery swapping stations deployed, 440,000+ cumulative kilometers driven, 37 tons of total CO2e reduced, and a charging station network in four cities.
NEX introduced SWAP to potential investors, supported the SWAP team to prepare funding documents, how to calculate their GHG reduction and offered mentoring services to help them develop their business management skills.
“Nexus has motivated SWAP to focus on the single thing that mattered – build something impactful for the new era of energy.”
Kevin Phang, Co-founder of Swap Energi Indonesia
Jakarta, 29 March 2022 – New Energy Nexus (NEX), through its Indonesia 1 Fund and Smart Energy Grants, has provided funding to four early-stage clean energy startups [1]. The initiative aims to bridge the funding gap for clean energy start-ups in Indonesia.
Two new companies have been added to the Indonesia 1 Fund portfolio: SES, an energy efficiency company, and SWAP Energy, an e-mobility startup. The Fund has also recently co-invested with East Ventures (an EV growth fund), PT Saratoga Investama Sedaya Tbk. (Saratoga), and Schneider Electric in a follow-on investment in the solar PV startup, Xurya, in its US$ 21,5 million Series A round – the largest Series A funding received for a clean energy startup in Indonesia.
“We’re seeing an incredible opportunity for clean energy and climate innovation startups in Indonesia to galvanize the sector. We are still heavily dependent on fossil fuels, but by empowering clean energy startups we will be able to stimulate the investment climate, accelerate the clean energy transition, and create green jobs,” said Diyanto Imam, Program Director at New Energy Nexus Indonesia.
“We aim to bridge early-stage fundings gaps for clean energy and climate innovation start-ups in Indonesia, which we see as a major gap in Indonesia. That’s why we have provided funding to 16 startups since early 2019 through our Smart Energy Grants and Indonesia 1 Fund. Our goal is to accelerate Indonesia’s clean energy transition, and support the Government’s commitment to addressing climate change.”
According to Indonesia’s Ministry of Energy and Mineral Resources data, Indonesia has up to 400,000 MegaWatt (MW) of renewable energy potential, with solar and hydropower targeted for priority development.
“By the end of 2021, Xurya has installed 57 Rooftop Solar Power Plants. With the Series A, we aimed to accelerate the energy transition in Indonesia by investing more in the development of technology and human capital,” said Eka Himawan, Managing Director of Xurya Daya Indonesia.
CEO of SES, Steve Piro said: “SES is very excited to have gone through Nexus’ accelerator program and now have them as a strategic partner. SES plans to leverage Nexus’ network of potential clients and investors as well as lean on them for strategic advisory.” The Indonesia 1 Fund has co-invested with SEACEF for this investment.
“NEX has always been our biggest supporter in terms of coaching and finances. With NEX investment participation in our Series pre-A round funding, SWAP Energy will accelerate the adoption of electric vehicles even further, supporting the Indonesian government to reach a target of 13 million electric motorcycles on the roads by 2030,” said Irwan Tjahaja, Founder & CEO of SWAP.
Led by Kejora-SBI Orbit, the Indonesia 1 Fund has co-invested with other investors such as Baramulti Group, Living Lab Ventures (an affiliate of Sinar Mas Group), strategic corporate investors, and high-net-worth investors in Swap Energy’s recent oversubscribed Series pre-A round.
In addition to the Indonesia 1 Fund, New Energy Nexus Indonesia is mobilizing grants through its Smart Energy Grant. This program aims to support startups on their prototyping stage and helps them to validate their business ideas. As of December 2021, New Energy Nexus Indonesia awarded grants for nine clean energy and climate innovation startups. Powerchain, an IoT company, is the latest recipient of Smart Energy Grant for its latest pilot project named “Konde”, an LED smart lighting product designed for street lighting (Lampu Penerangan Jalan Umum).
“With the Smart Energy Grant that Powerchain received, we expect it to be the stepping stone for Powerchain to expand our market, an upcoming project that potentially can reach 14 thousand installations of smart lighting systems in Java Island and West Nusa Tenggara by Q2-2022,” said Yayan Santoso, the CEO of Powerchain.
NEX supports clean energy and climate entrepreneurs in Indonesia, enabling startups to develop innovative products/services, expand their market, and generate strong economic, social, and environmental impacts. This is aligned with the Indonesian government’s goal to reach 23% renewable energy source in 2025. In 2022, Indonesia will also host the G20 Summit and is expected to call for the acceleration of the global energy transition.
Note to editors:
[1] Indonesia 1 Fund is supported by the Ikea Foundation.
New Energy Nexus (NEX) is an international organization that supports clean energy entrepreneurs with funds, accelerators, and networks. We started in California and operated programs in Indonesia, China, India, Southeast Asia, and East Africa. Since 2019, New Energy Nexus Indonesia has helped 60 startups through the incubation and acceleration process with Smart Energy Program.
For further information on New Energy Nexus Indonesia grants and fundings, please visit our website.
Tristan Tremschnig
Global Communications Director, New Energy Nexus (based in San Francisco, USA)
tristan.tremschnig@newenergynexus.com
Raisha Fatya
Communications Manager, New Energy Nexus Indonesia
Raisha.Fatya@newenergynexus.com
M: +628118980051
About New Energy Nexus
New Energy Nexus (NEX) is an international organization that strives towards a 100% clean energy economy for 100% of the population. It does this with a laser focus on diverse entrepreneurs, supporting them with accelerators, funds, skills, and networks they need to thrive. NEX has accelerated 1,500+ startups, empowered over 10,400+ entrepreneurs, and mobilized over US$4.7 billion in investment. Since its founding in California in 2004, NEX now operates programs or advisory services in Australia, China, India, Indonesia, Nigeria, Pakistan, the Philippines, Thailand, the UAE, Uganda, the USA (California and New York), and Vietnam.
Rambu Yati Radandima, a finance manager in Indonesian start-up Sumba Sustainable Solutions (3S), is giving back to her community. A start-up with a focus on inclusive and sustainable innovations in Sumba Island, 3S provides local schools, villages and community health centres with access to solar power.
Rambu Yati’s work has personal meaning. She knows what it’s like to live without reliable access to electricity. Sumba, an island in the East Nusa Tenggara Province of Indonesia, has a unique geographical character that makes tapping into the national electricity grid difficult. In the past, over 500,000 families living there—roughly 38% of the island’s population—struggled with little or no electricity.
Rambu Yati says: “Life in the village was very different. Back in the 90s, my family relied on kerosene lamps to light up our home when we cooked or when we wove palm mats. We had to manually pound rice and corns because we had no access to milling machines.”
While the Indonesian government committed to electrifying the entire country by 2020 (RUEN 2017)[1], only 62% of the East Nusa Tenggara population has access to electricity, the lowest energy access level in Indonesia (IESR, 2019).
In 2000, Rambu Yati enrolled in the Warmadewa University in Bali. She successfully graduated with an undergraduate degree in Agricultural Science. Today, as finance manager at 3S, Rambu Yati is involved in solving energy access issues in her community by providing solar-powered technologies to local institutions. An ethical, profitable business, 3S’s work focuses on bridging the energy gap in rural communities.
The distribution of solar-powered lighting solutions has significantly improved Rambu Yati’s community. Today, Sumba’s children can finally do their homework and study at night. Power has also improved people’s livelihoods, allowing more hours for local artisans to weave tenun ikat, a traditional handwoven fabric. Unique to Sumba, tenun ikat is part of Indonesia’s artistic heritage.
3S also provides solar systems for people’s homes and solar-powered productivity centres, which are energy hubs for the community. These solutions are powering livelihoods in Sumba by enabling villagers to mill crops and process bamboo. They are not only making people’s livelihoods more sustainable but are also improving the quality of life for many women in Sumba.
Before, women had to spend several hours a day pounding corn and were left with just half a day free. The solar-powered productivity centres enable villagers to make better use of their time. The men take corn to the mill while the women shell candlenut, which they can later sell at a higher price.
Renewable energy is also saving money and improving people’s health. According to the Indonesian Central Agency of Statistics, villagers typically spend 10% of their monthly living costs on expensive fossil-fuel-based lighting, like kerosene lamps, which emit harmful fumes that can damage the lungs.
With solar-power solutions, Sumba’s villagers now have a greatly reduced electricity bill. Rambu Ina is one of 3S’s local customers. She says: “In the past, we only used the kerosene candle for one hour because it was too expensive. In the evenings, now I have light for four or more hours. At night, often we sit around and talk to our neighbours while shelling our candlenuts or working on woven palm mats to be sold at the market.”
Rambu Yati aspires to keep helping Sumba’s local communities to access renewable energy, so they can increase their incomes and afford a better education for their children. Ensuring 3S has operational and financial sustainability is crucial so they can maintain the solar home systems and solar-powered productivity centres that the villagers depend on.
Like many other start-up employees, Rambu Yati struggled with data collection and creating a balance sheet that was fundamental to 3S’s growth. That’s where New Energy Nexus stepped in.
New Energy Nexus connected Rambu Yati and her colleagues to experts in HR, marketing communications and finance, through a programme called Mentor-in-Residence. Thanks to this programme, Rambu Yati now has the essential resources and skills to move forward. She can confidently draft financial forecasts to determine what the start-up needs to scale up, and ultimately, empower more villages with renewable energy.
3S is no longer a start-up struggling to survive but a sustainable business instilled with a healthy company culture that upholds transparency and communications between team members and stakeholders. And the skills Rambu Yati has learned in areas like communications are helping her nurture a new generation of skilled workers on the island.
She says: “Before we started with the New Energy Nexus accelerator, we were just dealing with problems as they came up, feeling like there must a better way. With New Energy Nexus’ guidance, we now have a clear plan for all parts of the business and our whole team is committed to achieving the goals that we have set together.
“I feel that we now have a shared responsibility to make our company vision and mission—to empower rural communities through access to energy and appliances for productive use—a success.”
[1] Indonesia’s National Energy Plan (Rencana Umum Energi Nasional (RUEN)).
