Trirec, a Singapore-based venture capital firm focused on decarbonisation investments, and Innopower, a Bangkok, Thailand-based energy innovations company, launched a partnership to establish a venture fund.
Energy Ignition Ventures is a growth stage fund focused on investing in advancing decarbonisation solutions to accelerate global efforts to achieve a net zero economy by 2050. The vehicle will focus on companies with a clear decarbonisation impact and a proven product-market fit, along with early commercial traction.
The fund will be targeted at companies within the industries of the five key emitters of GHG, namely Food and Agriculture, Mobility, Buildings, Industries and Energy, as a general framework.
The vehicle has a minimum fundraising target of US$100M for its first fund, including capital from both Trirec and Innopower.
The fund will be led and manged by the senior management of both partners, leveraging the expertise of both firms to manage the portfolio.
Led by Melvyn Yeo, founder and managing partner, Trirec is a global venture capital investor focused on decarbonisation investments. The firm focuses its efforts on five decarbonisation verticals: Food and Agriculture, Mobility, Buildings, Industries and Energy.
Led by Athip Tantivorawong, Chief Executive Officer, Innopower Company is an energy innovations company set up by Thailand’s leading power utilities (Electricity Generating Authority of Thailand (EGAT), RATCH Group and EGCO Group) to invest, develop and commercialize technologies in the sustainable energy and power sectors.
FinSMEs
30/05/2023