Indonesia

Indonesia’s climate tech venture builder Ecoxyztem secures investment

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Indonesia’s climate tech venture builder Ecoxyztem secures investment

Ecoxyztem, a venture builder for climate tech startups in Indonesia, has received undisclosed funding from TAP Applied Agri Services, Konservasi Hutan Indonesia, Pegasus Tech Ventures, and Roni Pramaditia (Chairman of Medco Foundation).

The funds obtained will be used as working capital to develop at least four startups annually.

It will also reach more business actors in the climate tech sector, which can contribute to reducing Greenhouse Gas (GHG) emissions in the archipelago.

Ecoxyztem provides access to talent, venture architecture for business modelling, go-to-market activities through business matchmaking, and investments.

Currently, Ecoxyztem has four startup portfolios: Waste4Change (waste management), ReservoAir (solving flooding problems), Ravelware (driving the green industry transition), and Enertec (working in the energy efficiency sector.

Ecoxyztem conducted three launchpads: Circular Jumpstart, Urban Innovation Challenge, and Climate Innovation League. They acted as a medium for Ecoxyztem to get to know over 45 climate tech startups in Indonesia through learning classes and mentorship programmes.

The team is currently promoting the #TrustinEcopreneur movement to raise public awareness about climate tech solutions and increase the confidence of ecopreneurs.

Jonathan Davy, Co-Founder and CEO of Ecoxyztem, said: “The venture-building process from Ecoxyztem is needed by ecopreneurs (environmental business founders) in the early stages of their business growth. Ecoxyztem becomes an institutional co-founder for startups by facilitating their business growth with methodologies tailored to the Indonesian context.”

Bijaksana Junerosano, President Director of Ecoxyztem, said, “Ecoxyztem was born based on the concern of environmental issues, which is growing faster than the solutions. Through the venture builder model, we believe it will encourage the creation of more innovative solutions to address the environmental issues around us.”

See also  Octopus keeps stuff out of Indonesia’s crowded landfills

Echelon 2022 aims to provide intimate and focused discussions on key topics and business matching services to facilitate business-driven connections during the two-day event. e27 will curate and invite key stakeholders of startups, investors, corporates, and ecosystem enablers to drive towards fruitful business outcomes at Echelon. 

Here’s the full list of the speakers for the 2022 edition, which will be co-located with SWITCH at Resorts World Sentosa from 27 to 28 October 2022. Learn more here

 

 

Source: E27.co

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