Climate-tech venture, BillionBricks closes US$2.45 mil seed funding round led by Thakral

Since its inception, BillionBricks has won several honors for its goal also styles, consisting of the 2018 & 2020 President’s Design Award (Singapore), the 2021 Global Holcim Commendation Award, the 2018 Smart Fifty Award (India), and the 2022 INDE.Awards (Australia).

The very first BillionBricks community will be released in the Philippines, covering up over 16 hectares of land and also covering 1,600 houses. The community can also have 13 MW of electricity generation ability via a utility-scale rooftop solar facility on top of the housing project. The project solely can offset over 7,000 tonnes of carbon dioxide emissions each year, according to BillionBricks.

BillionBricks, a climate-tech venture, has sealed a US$ 2.45 million ($ 3.3 million) seed funding round. The round was head by SGX-listed Thakral Firm, who signs up with ENGIE as mainstay capitalists in the startup.

“ENGIE is focused on speeding up Southeast Asia’s power shift in the direction of carbon neutrality while ensuring it continues to be budget friendly, available, along with self-sufficient. By integrating affordable housing as well as solar energy manufacturing, BillionBricks will aid to accomplish a reasonable power transition, moreover we are pleased to support its growth goals,” says Thomas Baudlot, chief executive officer for ENGIE energy solutions APAC and nation head for Southeast Asia.

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To increase its scope and even influence, BillionBricks pivoted to become a for-profit firm in 2020.

” BillionBricks is managing several sustainability difficulties in a particular remedy, and also looking to make a significant impact with every single project,” states BillionBricks chief executive officer Prasoon Kumar.

Thakral’s chief executive officer and executive director, Inderbethal Singh Thakral shares, “I am extremely delighted to see that BillionBricks’ novel strategy to taking on several sustainability obstacles all at once has gotten considerable traction, also is embarked on break up both the renewable energy along with housing sectors. The effort in BillionBricks is in line with our strategy of expanding our concentration to feature impact investing and help in reducing ecological burden, whilst helping areas in need.”

BillionBricks is a Singaporean startup company that establishes net-zero homes and also neighborhoods. It was opened in 2013 as a non-profit business by engineer Prasoon Kumar plus venture capitalist Anurag Srivastava to resolve the worldwide environment together with housing situations.

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