Environment Tech - SEA Annual Funding Report - 2024 (Old).pptx

TRACXN GEO ANNUAL REPORT
ENVIRONMENT TECH - SEA - 2024

Geo Annual Report - Environment Tech - SEA - 2024 Copyright © 2024, Tracxn Technologies Limited. All rights reserved.
Snapshot
Investments
Investors
Exits
New Unicorns
Citywise Trends
News
Funded Deadpooled Companies
Appendix
Contents

Snapshot Snapshot
Investments
Investors
Exits
New Unicorns
Citywise Trends
News
Appendix
Contents

Copyright © 2024, Tracxn Technologies Limited. All rights reserved.
Geo Annual Report - Environment Tech - SEA - 2024
Top Feeds
Feed $Funding
Electric Vehicles $63.9M
Air Pollution Management
Tech
$27.6M
Cryptocurrencies $22.3M
Crop Tech $15.2M
Smart Grid $12.5M
Environment Tech - SEA Snapshot - 2024
Environment Tech - SEA - All time
Stats
Summary
All Companies 1,381
Funded Companies 162
Total Funding $1.3B
Funding in last 24 months $477M
Cumulative Valuation of all
Unicorns
$0
Top Cities
Singapore ($1.1B)
Tangerang ($50.0M)
Exits
Acquisitions 12
IPOs 4
Companies Covered
Unicorns -
Soonicorns 5
Minicorns 23
Editor’s Pick 100
Series A+ 36
Series C+ 1
Acqui-Hires 4
Deadpooled 308
Top Funding Rounds
Company Round Details
SINGAUTO
(2023, Singapore)
$45.0M - Series A
Climate Impact..
(2021, Singapore)
$22.3M - Series B
Rize
(2023, Singapore)
$14.0M - Series A
Amperesand
(2023, Singapore)
$12.5M - Seed
Barramundi
(2008, Singapore)
$11.2M - Series B
Top Cities
City $Funding
Singapore $126M
Makati $8.0M
Metro Manila $8.0M
Thu Dau Mot $4.0M
Jakarta $2.7M
4
$ Funding Series A+ rounds
Acquisitions
# Funding rounds
New additions to
Soonicorn Club
$141M(vs
$335M, 57%
▼ )
28(vs 43, 34%
▼ ) 9(vs 17, 47%
▼ )
First Time Funded
Companies
17(vs 18, 5%
▼ )
3(vs 5, 40%
▼ ) 3 (vs 1, 200%
▲ )
*Data from 01-Jan-2024 to 24-Dec-2024 is considered in report Note: Numbers in bracket indicate the values of 2023
New Unicorns
-(vs -, undefined%
▼ ) - (vs 0, undefined%
▼ )
IPOs

Snapshot
Investments Y-o-Y Funding Trends
Investors Y-o-Y Stage-wise Funding Trends
Exits Top Funding Rounds in last 1 year
New Unicorns Top Funded Business Models 2024
Citywise Trends
News
Appendix
Contents

Top Funding Rounds in last 8 years
Company Funding Round
RWDC Industries
(2015, Singapore) $133M - Series B
RWDC Industries
(2015, Singapore) $95.1M - Series B
Beam
Durapower Group
(2009, Singapore) $50.0M - Series C
ALVA
(2021, Indonesia) $50.0M - Series B
SINGAUTO
(2023, Singapore) $45.0M - Series A
Neuron
MAKA
(2022, Indonesia) $37.6M - Seed
Apeiron Bioenergy
(2007, Singapore) $37.0M - Series A
Blue Planet
Y-o-Y Funding Trends
6
$ Funding (3y) CAGR = -17%
$ Funding (5y) CAGR = +12%
Note: Funding includes only Equity Funding. It excludes Debt, Grant, Post-IPO and ICO funding.

Y-o-Y Stage-wise Funding Trends
7
Note: Seed includes Seed, Angel rounds. Early Stage includes Series A,B rounds. Late Stage includes Series C+, PE, Pre-IPO rounds.
Stage-wise Number of Rounds
Stage-wise $ Invested
$199M $156M $248M $335M
$79.0M $141M 21 32 36 43
20 28
Seed Early Stage Late Stage Total Funding Seed Early Stage Late Stage Total Rounds

Top Funding Rounds in last 1 year (1/2)
8
Company $ Amount Round Date Investors
SINGAUTO (2023, Singapore, $45.00M) $45M Series A Feb 2024 -
Climate Impact .. (2021, Singapore, $22.30M) $22M Series B Feb 2024 Standard Chartered, Mizuho Financial Group, SGX
Rize (2023, Singapore, $14.00M) $14M Series A May 2024 Temasek, GenZero, Breakthrough Energy, +1 more
Amperesand (2023, Singapore, $12.50M) $13M Seed Feb 2024 Foothill Ventures, TDK Ventures, Material Impact, +1 more
Barramundi (2008, Singapore, $11.16M) $11M Series B Feb 2024 -
Charge+ (2018, Singapore, $8.00M) $8M Series A Sep 2024 TRIVE, TNB Aura
Mober Technolog.. (2016, Philippines, $10.00M) $6M Seed Jun 2024 Clime Capital Management
Dat Bike (2018, Vietnam, $25.00M) $4M Series A Nov 2024 InfraCo Asia
Pyxis (2022, Singapore, $3.40M) $3M Seed Feb 2024 SEEDS Capital, Motion Ventures, Shift4Good, +3 more
Jejakin (2018, Indonesia, $2.70M) $3M Seed May 2024 East Ventures, Indogen Capital, Aurum Ventures, +1 more
Thryve (2022, Singapore, $3.40M) $3M Seed Mar 2024 Openspace Ventures, Capital Code
TeamSolve (2022, Singapore, $2.50M) $3M Seed Oct 2024 SGInnovate, Burnt Island

Top Funding Rounds in last 1 year (2/2)
9
Company $ Amount Round Date Investors
ION Mobility (2019, Singapore, $31.30M) $3M Series A Mar 2024 TVS Motor Company
Mober Technolog.. (2016, Philippines, $10.00M) $2M Seed Feb 2024 Rtheptagonholdings
PowerPod (2022, Singapore, $1.00M) $1M Seed Jan 2024 Waterdrip Capital, IoTeX
Qarbotech (2018, Malaysia, $700K) $700K Seed Feb 2024 -
Refy Cap (2023, Singapore, $525K) $525K Seed Feb 2024 Wavemaker Impact
WasteX (2022, Singapore, $975K) $450K Seed Apr 2024 P4G
Full list of 28 Key Funding Rounds is available on Tracxn Platform

Top Funded Business Models 2024
10
Rank Business Model $ Funding # Rounds Top Funding Round
1▲7 Carbon Credit Trading Platform $25.0M 2
Climate Impa..
$22.3M - Series B
* Rank is based on $Invested in last 1 quarter in the Business Model. - Indicates change in Rank from previous quarter.
▲

Snapshot
Investments
Investors Y-o-Y Investors
Exits Y-o-Y Global Investors
New Unicorns Most Active Investors
Citywise Trends
News
Appendix
Contents

Y-o-Y Investors
12
Top Institutional Investors in 2024
Stage Investor name # Investments in 2024
Seed Stage
Wavemaker Impact 2 ( -- )
East Ventures 1 ( <> 0% )
500 Global 1 ( -- )
Early Stage
Temasek 1 ( -- )
GenZero 1 ( -- )
Existing Investors
First-time Investors
Y-o-Y # of unique Institutional Investors in Environment Tech - SEA
Note: First-time investors and Existing Investors are calculated from the available Equity Funding Rounds on Tracxn Platform. 1.The numbers in bracket correspond to the change
from 2023.
# First Time Investors (4Y) CAGR = -2%
# First Time Investors (2Y) CAGR = -24%

Y-o-Y International Investors
13
Top International Institutional Investors in 2024
Stage Investor name # Investments in 2024
Seed Stage
Wavemaker Impact 2 ( -- )
East Ventures 1 ( <> 0% )
500 Global 1 ( -- )
International Investors
Y-o-Y # of unique Institutional Investors in Environment Tech - SEA
Note: International Investors are the investors who are based outside of the Geo mentioned in the report. 1.The numbers in bracket correspond to the change from 2023.

Most Active Investors: Accelerators & Incubators
14
# Investor Name Country
# Overall
investments
# Investments in
Geo* - 2024
Notable Investments in Geo*
1 Wavemaker Impact Singapore 32 2 Dat Bike ($25.0M), Rize ($14.0M), VFlow Tech ($13.0M)
2 500 Global United States 2464 1 ION Mobility ($31.3M), Qarbotech ($700K)
3 Breakthrough Energy United States 113 1 Rize ($14.0M)
4 Third Derivative United States 62 1 EBOOST
5 P4G United States 2 1 WasteX ($975K)
Note: *Geo = . The number in bracket refers to the total funding raised by the company.

Most Active Investors: VC - Seed
15
# Overall
investments
# Investments in
Geo* - 2024
1 East Ventures Japan 445 1 Jejakin ($2.7M)
2 Foothill Ventures United States 137 1 Amperesand ($12.5M)
3 Indogen Capital Indonesia 39 1 Jejakin ($2.7M)
4 Golden Gate Ventures Singapore 96 1 Arkadiah
5 SGInnovate Singapore 78 1 TeamSolve ($2.5M)
6 SMDV Indonesia 39 1 Jejakin ($2.7M)
7 Waterdrip Capital China 90 1 PowerPod ($1.0M)
8 HIRAC FUND Japan 33 1 Arkadiah
9 Epic Angels Singapore 31 1 Qarbotech ($700K)
10 Motion Ventures Singapore 25 1 Pyxis ($3.4M)

Most Active Investors: VC - Early Stage
16
# Overall
investments
# Investments in
Geo* - 2024
1 Temasek Singapore 494 1 RWDC Industries ($263M), Rize ($14.0M)
2 GenZero Singapore 12 1 Climate Impact X ($22.3M), Rize ($14.0M)

Most Active Investors: PE
17
# Overall
investments
# Investments in
Geo* - 2024
1 Aurum Ventures India 12 1 Jejakin ($2.7M)

Snapshot
Investments
Investors
Exits Exit Snapshot
New Unicorns List of Acquisitions
Citywise Trends Most Active Acquirers
News
Appendix
Contents

Exit Snapshot - 2024
19
IPOs - 2024 (vs
2023)
Acquisitions -
2024 (vs 2023)
- (vs 10.7)
Avg. yrs from first
funding to IPO
2.3 (vs 5.7)
Avg. yrs from first
funding to Acq.
- (vs $156M)
Avg. Funding raised before IPO
$500K (vs $12.4M)
Avg. Funding raised before
Acq.
- (vs $282M)
Avg. IPO Mcap
- (vs $64.8M)
Avg. Acq. Price
0 (vs 0)
# IPOs
3 (vs 1)
# Acquisitions
Investor # Exits Notable Exit
Hustle Fund 1 Carzuno
Net Ventures 1 Carzuno
Top Investors by # Exits - 2024 Y-o-Y Exit Trends
# Acquisitions
Acq.
APAQ Group
(2013, Singapore) -
Carzuno
(2021, Singapore, $500K) -
DycodeX
(2015, Bandung) -
Top Exits - 2024
Type Company Acq. Price/IPO Mcap
# IPOs

List of Acquisitions - 2024
20
Company Acquirer(s) Acq. Date Acq. Price
APAQ Group
(2013, Singapore)
ENVEA May 2024 NA
Carzuno
(2021, Singapore, $500K)
Carasti Mar 2024 NA
DycodeX
(2015, Indonesia)
eFishery Mar 2024 NA
View all 3 companies on Tracxn Platform

# Acquirer Country # Acq.
Average
Acq. Price
Companies Acquired
1 ENVEA France 1 - APAQ Group
2 Carasti
United Arab
Emirates
1 - Carzuno
3 eFishery Indonesia 1 - DycodeX
Most Active Acquirers
21
Note: Numbers in bracket indicate the Acquisition Price of the company.

Snapshot
Investments
Investors
Exits
New Unicorns Unicorn Trends
Citywise Trends
News
Appendix
Contents

Unicorn Trends in 2024
23
Note: Investors refers to Institutional Investors only. Top Investors are calculated based on investments before the Unicorn Round.
Environment
Tech - 2024 (vs 2023)
Environment
Tech - 2024 (vs
2023)
0(vs -)
# Total Unicorns
3(vs 9)
# Total Unicorns
-(vs -)
Avg Years from Series A
to Unicorn Round
12.6(vs 3.2)
Avg Years from Series A
to Unicorn Round
-(vs -)
Avg $ Funding before Unicorn
Round
$611M(vs $367M)
Avg $ Funding before Unicorn
Round
-(vs -)
Avg # Funding Rounds
before Unicorn Round
9.3(vs 3)
Avg # Funding Rounds
-(vs -)
Avg Institutional Investors
9.7(vs 11.7)
Avg Institutional Investors

Snapshot
Investments
Investors
Exits
New Unicorns
Citywise Trends Cities by Total Funding
News Cities by Funding raised in last 2 years
Appendix
Contents

25
Citywise Trends - Total Funding
Distribution by Cities - Total Funding ($)
SINGAUTO
($45.0M)
Climate Im..
($22.3M)
Rize
($14.0M)
Dat Bike
($4.0M)
Jejakin
($2.7M)
Mober Tech..
($8.0M)
Mober Tech..
($8.0M)
Qarbotech
($700K)
Top Companies funded in 2024
# Rounds
Singapore
Thu Dau Mot
Jakarta
Bangkok
Makati
Metro Manila
Ho Chi Minh City
Serdang
17
1
3
1
2
2
1
2
All time Funding
2024 Funding

Citywise Trends - Funding raised in last 2y
26
Funding raised in 2 Yrs (Market Share %)
Rank City
2024 2023
Top Funded Companies in 2024
# % # %
1 Singapore $126M 84 % $229M 97 % SINGAUTO ($45.0M) Climate Im.. ($22.3M) Rize ($14.0M)
2 Makati $8M 5 % $2M 1 % Mober Tech.. ($8.0M)
3 Metro Manila $8M 5 % $2M 1 % Mober Tech.. ($8.0M)
4 Thu Dau Mot $4M 3 % - - Dat Bike ($4.0M)
5 Jakarta $3M 2 % $3M 1 % Jejakin ($2.7M)
6 Serdang $700K 0 % - - Qarbotech ($700K)
7 Bangkok - - - -
8 Ho Chi Minh City - - $1M 0 %
9 Pathum Wan - - - -

Citywise Trends - Companies Founded in last 2y
27
Companies Founded in 2 Yrs (Market Share %)
Rank City 2024 2023 Companies Founded in 2024
1 Singapore 33 % 41 % Orko - Carbon Sync ... - - - - -
2 Metro Manila 11 % 1 % Future City ... - - - - - - -
3 Bangkok 11 % 4 % Green Biocha...
-
- - - - - -

Snapshot
Investments
Investors
Exits
New Unicorns
Citywise Trends
News Recent Key News
Appendix
Contents

Recent Key News (1/3)
29
Transactions
● Osteopore Ltd. Secures A$20m Funding Boost TipRanks
● Electrum Gets Fresh Fund Injection of IDR 163 Billion, Will Be Used for
This gooto.com
● Mober expands with 60 new EV trucks, hubs by 2025 Tech in Asia
● Charge+ acquires 140 EV chargers from 3 companies ceasing commercial
charging services in Sing.. Shareandstocks
● Ace Green Recycling, a Global Leader in Battery Recycling Technology, to
Become a Publ.. Mining Stock Education
● Ace Green Recycling, a Global Leader in Battery Recycling Technology, to
Become a Public Company PR Newswire
● Blue Planet Expands Global Leadership in Sustainable Waste
Management with Acquisition of Smart E.. PR Newswire
● Dat Bike gains momentum with $4 million boost Vietnam Investment Review
● Komunidad Acquires Databourg To Boost Climate Innovation
Silicon Luxembourg
● Osteopore invests in stem cell, aging research aumanufacturing.com.au
Company Updates
● Taihan Cable & Solution Wins Major 230kV Power Grid Contract in
Singapore Worth 140 Bil. Won Businesskorea
● Speeki Carbon Lens® revolutionizes GHG emissions counting PR Newswire
● A*Star, thermal management company KoolLogix unveil S$8 million joint
lab The Business Times
● CisgenX Launches in the U.S., Leading the Way in Smart Irrigation
Solutions for Water and E.. IoT Business News
● MOL and Pyxis sign Collaboration Agreement for development and ...
portnews.ru
● Advario, VFlowTech and JTC sign MOU to accelerate deployment of clean
energy storage capacity on .. portnews.ru
● Univers Launches Industry’s First End-to-End AI-Powered
Decarbonization Software ESG News
● ENNOVI Revolutionizes Pouch Cell Battery Design with the Introduction
of ENNOVI-CellConnect-Pouch CNW
● Ennovi Revolutionizes Pouch Cell Battery Design With The Introduction
Of Ennovi-cellconnect-pouch PR Newswire
● Taihan Cable & Solution Secures KRW 840 Bil. Contract in Singapore
Businesskorea

30
Legal
● Beam scooters banned from operating in Wellington RNZ
● Brisbane, Auckland suspend licence of Singapore-based e-scooter firm
Beam Shareandstocks
● Tesla Rival BYD's Thai Distributor Faces Ongoing Investigation Over EV
Discounts Benzinga
Partnerships
● KoolLogix & A*STAR launch GBP £8m cooling lab in SG DataCenterNews
● MOL and Pyxis sign Collaboration Agreement for development and
market expansion of electric vesse.. portnews.ru
● PSA unboXed Collaborates with Amperesand on Solid-state Transformer
Technology Trials for Susta.. Business Wire
● Accuron Technologies & Hyundai CRADLE Co-Invest in Xnergy EMSNow
● Kensington Electronics, Inc. Announces New Partnership with ENNOVI
PR Newswire
● Driving Sustainable Digital Asset Mining: Kazakhstan's AQGroup and
Singapore's MVGX Group Lead th.. PR Newswire
● ALVA And Google Cloud Partner To Boost CX, Support Green Mobility
Transition electronicsforyou.biz
● Plans unveiled for ‘world’s first’ hydrogen-electric WIGE vessel
Offshore Energy
● Manx Utilities Starts Major Upgrade Of Isle Of Man Ev Charging Network
fleetworld.co.uk
● LEAF partners with Verdana to enter Indonesia, launching Sustainable
Agriculture Prog.. Business News This Week

31
People Movement
● Aquagga names CEO Global CosmeticNews
● Maya Hari & Sharmila Paranjpe joins Cipla as Independent Directors
Adgully
● Climate Impact X appoints new CEO and chairman Finextra
● Climate Impact X appoints interim chief executive officer Finextra
● Aztech CFO resigns after five months in role; company searching for
replacement The Business Times
Other
● Boviet Solar Recognized For Global Sustainability Excellence With
Ecovadis Rating Mining Stock Education
● GP Industries back in black with 62.9% net profit boost The Business Times
● Greenfeed triumphs at Asia Pacific Enterprise Awards 2024
Vietnam Investment Review
● Greenfeed reports surge in first-half profit Vietnam Investment Review
● BSI receives ISO 37001 certification from Speeki Europe CNW
● Scorpio Electric granted license for road tests of electric maxi-scooter
Singapore Business Review
● DCI Indonesia Awarded by Frost & Sullivan for World-class Operational
Excellence, Enab.. Mining Stock Education
● SG battery maker Durapower turns a profit in 2023 as revenue more than
doubles Shareandstocks
● ENNOVI Achieves Prestigious EcoVadis Platinum Sustainability Rating for
Unprecedented Fourth Year CNW
● ENNOVI receives prestigious EcoVadis Platinum sustainability rating for
the fourth year in a roW PR Newswire

Snapshot
Investments
Investors
Exits
New Unicorns
Citywise Trends
News
Funded Deadpooled Companies Funded Deadpooled Companies
Appendix
Contents

33
Company $ Funding
Insect Feed Technologies
(2020, Singapore)
$920K

Snapshot
Investments
Investors
Exits
New Unicorns
Citywise Trends
News
Funded Deadpooled Companies Explore more on Tracxn
Appendix Explore other Reports on Tracxn
Contents

Recent funding rounds
Investment Trends
Most Active Investors
Top Funded Business Models
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Companies using AI in Healthcare
Companies founded by Stanford GSB Alumni
Soonicorn club in Fintech
Analyst Picks in Israel Tech
Key News in FinTech
Events in Bay Area
Angel Investors in United States
Bluebox
Companies Investment Activity
Miscellaneous
Company Detail Page of DoorDash
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Financials for Ola
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