TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Solar start-up Xurya secures $55m for global market push

With this additional investment, it brings the total founds obtained to more than $88 million, the start-up announced on Monday.

Ruth Dea Juwita (The Jakarta Post)
Premium
Jakarta
Mon, July 1, 2024 Published on Jul. 1, 2024 Published on 2024-07-01T14:10:06+07:00

Change text size

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Solar start-up Xurya secures $55m for global market push With this additional investment, it brings the total founds obtained to more than $88 million, solar start-up Xurya announced on Monday. (Courtesy of/Xurya)

P

T Xurya Daya Indonesia (Xurya), a solar power rental and installation start-up, has secured US$55 million worth of new funding, which the company plans to use to fuel the firm’s goal of competing in the international market.

With this additional investment, Xurya had received over $88 million in total funding, the start-up announced on Monday.

“With the support of these world-class investors, we will not only continue to innovate to support the national sustainable energy transition but also aim to become a global company in the coming years,” Xurya managing director Eka Himawan said in a statement.

The investment comes from funds managed by Norwegian’s Norfund, Sweden's Swedfund, Singaporean Clime Capital, British International Investment (BII) and AC Ventures.

The first three are known to manage the Norwegian Climate Investment Fund, the Development Finance Institution and the Southeast Asia Clean Energy Fund II (SEACEF II), respectively.

It was the first time Norfund, Swedfund and the BII provided funding for the company while the rest had participated in earlier funding.

Prospects

Every Monday

With exclusive interviews and in-depth coverage of the region's most pressing business issues, "Prospects" is the go-to source for staying ahead of the curve in Indonesia's rapidly evolving business landscape.

By registering, you agree with The Jakarta Post's

Thank You

for signing up our newsletter!

Please check your email for your newsletter subscription.

View More Newsletter

Read also: Indonesia to abandon 23% renewable energy target 

to Read Full Story

  • Unlimited access to our web and app content
  • e-Post daily digital newspaper
  • No advertisements, no interruptions
  • Privileged access to our events and programs
  • Subscription to our newsletters
or

Purchase access to this article for

We accept

TJP - Visa
TJP - Mastercard
TJP - GoPay

Redirecting you to payment page

Pay per article

Solar start-up Xurya secures $55m for global market push

Rp 35,000 / article

1
Create your free account
By proceeding, you consent to the revised Terms of Use, and Privacy Policy.
Already have an account?

2
  • Palmerat Barat No. 142-143
  • Central Jakarta
  • DKI Jakarta
  • Indonesia
  • 10270
  • +6283816779933
2
Total Rp 35,000

Your Opinion Matters

Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.

Enter at least 30 characters
0 / 30

Thank You

Thank you for sharing your thoughts. We appreciate your feedback.

Share options

Quickly share this news with your network—keep everyone informed with just a single click!

Change text size options

Customize your reading experience by adjusting the text size to small, medium, or large—find what’s most comfortable for you.

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!

Continue in the app

Get the best experience—faster access, exclusive features, and a seamless way to stay updated.