Private funding for climate technology companies in Southeast Asia reached $1.11 billion in the first 11 months of this year, marking a significant uptick in momentum for such businesses, DealStreetAsia’s latest report finds.
This is the first time that climate tech startups – defined as those focused on reducing greenhouse gas emissions or addressing the impact of climate change – have raised more than a billion dollars in a year, according to The State of Climate Tech in SE Asia 2022. In comparison, the total funding raised by climate tech startups in the whole of 2021 stood at $607 million.
