Intudo Ventures Pours $2m Into Indonesian Solar Panel Startup

Suryanesia, an Indonesia-based greentech firm, has raised US$2 million in seed funding from Intudo Ventures.

Founded in 2021, Suryanesia offers financing, installation, operation, and maintenance of solar power systems for its clients.

Currently, the firm is focusing on commercial and industrial buildings in Indonesia. It counts mall owners, FMCG businesses, textile producers, pharmaceutical firms, plastics companies, industrial goods manufacturers, and furniture makers as clients.

Suryanesia was established by former Bain & Company consultant Rheza Adhihusada. Using the fresh funding, Suryanesia plans to hire more staff for the marketing and operations division. It’s also looking to venture into residential solar power as well as other power generation equipment, such as wind power and battery storage.

Read full article here