Suryanesia raises $2 million to drive commercial, industrial adoption of solar power in Indonesia

Suryanesia raises $2 million to drive commercial, industrial adoption of solar power in Indonesia

Suryanesia, an Indonesian clean energy company, today announced the completion of a US$2 million seed round of financing led by Intudo Ventures, with participation from a number of angel investors that includes executives from leading management consulting companies, private equity firms and sovereign wealth funds.

Founded in August 2021, Suryanesia provides commercial and industrial clients access to renewable energy. With its Solar-as-a-Service solution, Suryanesia finances, installs, operates, and maintains solar power systems on its clients’ rooftops, and the clean energy generated helps clients save on electricity bills and reduce carbon footprint. With no upfront client investment, Suryanesia has experienced strong demand across all sectors. 

The Suryanesia team aspires to deliver a seamless client experience by providing end-to-end service, including client education, engineering, and regulatory management to ensure clients have peace of mind as they enjoy energy savings. The team performs rigorous structural analyses and provides strengthening recommendations to make sure client buildings are safe for solar panel installation.

Solar-as-a-Service has strong appeal to clients with large rooftop spaces and high electricity consumption – such as Suryanesia’s clients who are mall owners as well as manufacturers in the FMCG, textile, pharma, plastics, industrial goods, and furniture sectors – as they can save US$20k-50k on an annual basis. The solution is also attractive for multinational and publicly-listed companies as they strive to decarbonise to meet sustainability targets. 

Suryanesia is led by a team of experienced professionals who are passionate about climate action. Rheza Adhihusada (CEO) was previously a strategy consultant at Bain & Co, where through projects in philanthropy and renewable energy he became inspired to contribute toward solving climate change. He is joined by Nikesh Shamdasani (Head of Engineering), who brings deep engineering expertise having installed 17 MWp solar power systems across Indonesia, and Grant Adsit (Head of Business Development), who was previously a marketing executive at Colliers where he advised commercial clients on their real estate strategy. 

“Our mission is to empower consumers, businesses and governments to harness new technologies and solutions that solve climate change,” said Rheza Adhihusada, Founder and CEO of Suryanesia. “As the world’s 4th most populous country that is projected to be the 4th largest economy by 2050, Indonesia acts as a key battleground in the fight against climate change. We are excited to help our clients save and go green, and in doing so accelerate Indonesia’s transition toward renewable energy.”

With this round of financing, Suryanesia plans to grow its team to accelerate marketing efforts and project delivery. In addition to its commercial and industrial offerings, the company has longer-term plans to expand into residential solar and independent power production (wind power, battery storage, etc.) to more comprehensively meet Indonesia’s rising demand for renewable energy.

“Over the next decade, we believe that Indonesia will be a driving force for decarbonisation. Suryanesia’s Solar-as-a-Service offerings help commercial and industrial stakeholders reduce their carbon footprint while improving profitability. We are excited to join the Suryanesia team on this mission, and look forward to their efforts in creating a greener future for Indonesia,” said Patrick Yip, Founding Partner, Intudo Ventures.

This round represents Suryanesia’s first external round of financing.

About Suryanesia

Suryanesia is a clean energy startup with a vision to lower greenhouse gas levels so that all may live sustainably and in balance with nature. Our mission is to empower consumers, businesses, and governments to harness innovations that solve climate change. 

In our first phase, we are focusing on providing solar power for commercial and industrial clients in Indonesia. We aspire to expand into other forms of renewable energy, market segments and geographies in the near future.

For more information, please visit www.suryanesia.com, or find us on Instagram and LinkedIn.

About Intudo Ventures

Intudo Ventures is an “Indonesia-only” Independent venture capital firm with an Involved/concentrated portfolio approach, with more than US$230 million in committed capital, capitalizing on the rapid growth of private consumption and rising middle class in Indonesia. The firm acts as the Indonesia Beachhead Strategy for dozens of leading institutions, funds, and family offices spanning the United States, Europe, and Asia and supports the digital transformation strategy of dozens of leading Indonesian conglomerates.

The firm invests in Indonesian homegrown companies led by best-in-class Pulkam S.E.A. Turtle and local founders in the agriculture, B2B & enterprise, education, finance & insurance, health & wellness, logistics, and new retail & entertainment sectors. Intudo portfolio companies include Xendit, Pintu, Pinhome, Halodoc, Kargo, PasarPolis, Yummy Corp., Nalagenetics and more.

For more information, please visit https://intudovc.com/.

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