Singapore-based Impact Investment Exchange (IIX) has backed the $1.1-million financing in SOLshare, while Gojek Xcelerate has selected three startup across its four batches.
Singapore-based IIX invests in Bangladesh-based SOLshare
Singapore-based Impact Investment Exchange (IIX) on Friday announced that it has backed the $1.1-million financing round for Bangladesh-based off-grid solar energy firm SOLshare.
innogy New Ventures LLC, the VC arm of the German utility innogy SE; EDP Ventures, the investment arm of Portuguese utility EDP, as well as new angel investors have also participated in the round.
The proceeds from the funding will be allocated to bring smart solar microgrids to off-grid, underserved communities in Bangladesh.
“We are doubling down on SOLshare’s vision and mission, which continues to prove to the world that a deep commitment to underserved communities pays off for investors. We are excited to be a part of this journey to make affordable clean energy accessible to everyone,” Stefan Padberg, Managing Director of innogy New Ventures LLC said.
Gojek accelerator selects three startups
Indonesia’s ride-hailing giant Gojek, through its accelerator programme Xcelerate, has selected three startup from all its four batches in partnership with Digitaraya, the firm announced.
The three firms, who are in the social impact space, were selected from 35 startups who joined the training programme for six months.
The three firms are Jejak.in (a tech service platform for environmental solution), Etanee (digital food supply chain platform), and Qlue (a platform that allows users to report problems directly to the city government and businesses).