NEXVentures NEXVentures
Full 1
Investing in Southeast Asia's climate tech ventures
to achieve net zero in the shortest possible time
Full 1
Investing in Southeast Asia's climate tech ventures
to achieve net zero in the shortest possible time
Full 1
Investing in Southeast Asia's climate tech ventures
to achieve net zero in the shortest possible time
Full 1
Investing in Southeast Asia's climate tech ventures
to achieve net zero in the shortest possible time

New Energy Nexus Ventures (NEX Ventures) manages funds that invest in climate tech companies based in Southeast Asia.

Our journey began in 2020 with the Indonesia 1 Fund, a pioneering catalytic fund specializing in early-stage investments in clean energy startups in Indonesia. Building on this, we continue our investment journey with NEXCatalyst — a regional investment fund for scalable early stage climate tech companies across Indonesia, Vietnam, and the Philippines—advancing the region's transition to net zero.

  • Indonesia 1 Fund
    Supported by the IKEA Foundation, Indonesia 1 Fund is a pioneering catalytic fund that aimed to de-risk for follow on investors, and address early stage funding gaps of clean energy startups in Indonesia.

    Funding Factsheet
  • NEXCatalyst Climate Tech Fund
    NEXCatalyst is a Southeast Asia-wide, blended investment fund designed to bridge the ‘Missing Middle’ investability gap and unleash impactful growth from climate tech sectors in Southeast Asia, especially in Vietnam, Indonesia, and the Philippines ("V-I-P").

US$3 trillion investment required by 2030
for Southeast Asia to be on track to 1.5°C pathway

We start with Southeast Asia, a major carbon emitting and climate-vulnerable region, where huge opportunities lie within its expansive market.

In pursuit of the 1.5°C target, startups play a pivotal role. Yet, climate startups in Southeast Asia are wrestling with barriers to secure the capital they need to scale. Our mission is to bridge this gap.

We invest in
scalable startups
in these climate tech
verticals

Find out more about our portfolio & impact

LOCAL PRESENCE,
GLOBAL NETWORK

New Energy Nexus Ventures is a part of New Energy Nexus, a global network of accelerators, incubators, and funds for clean energy startups.

Founded in California in 2004, New Energy Nexus has since expanded its global presence and, in 2018, became one of the first pioneers in building ecosystems of climate innovators in Southeast Asia. As of December 2023, it has collectively supported over 1,000 startups globally, of which 300 are based in Southeast Asia.

Maricar Catuday

Senior Accountant

Maricar is a Certified Public Accountant based in Manila, Philippines. She also holds a membership status and designation as a Certified Management Accountant in Australia. She is currently completing her Juris Doctor degree to fulfill her ambition to become a lawyer and be able to integrate her knowledge of law and wide array of experience in audit, accounting and strategic finance. In her free time, Maricar enjoys doing advocacy work for a Christian community. She is also supportive to local weavers and artists from the various indigenous communities in the Philippines.

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Dwi Sukadis

Administrative Manager

Dwi has a diverse set of applicable skills and the ability to effectively oversee and manage multiple office administrative tasks simultaneously. Prior to joining New Energy Nexus Ventures, Dwi served as a Senior Secretary at various multinational companies in Jakarta, and dedicated a decade of her career to ENGIE Indonesia, where she held the role of Office Administration Manager. Dwi holds a diploma from ATT Secretary School in Singapore. In her leisure time, Dwi enjoys traveling, exploring nature and new places, and indulging in trekking adventures.

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Gregorius Reinhard

Investment Associate

Greg is a dedicated individual with a depth of technical and research experience in solar PV and low-carbon technology, which he acquired through his previous role as a manufacturing process engineer at a solar company and as an undergraduate researcher at the Institute of Urban Underground Space and Energy Studies in Shenzhen as well as the University of Wisconsin - Madison. Committed to giving back, he was part of the NGO Solar Chapter, where he channeled his technical skills and passion to implement solar-powered water pumps in water-scarce areas of Indonesia, facilitating clean water access for communities in need. Armed with a longstanding passion for sustainability and low-carbon technology since his early years, Greg is well-equipped to identify and screen potential climate tech startups and ensure accurate impact measurement methods as part of portfolio monitoring.

Outside the office, you might find Greg underwater, on hiking trails, or hanging on cliffs, as he enjoys exploring nature through scuba diving, hiking, and climbing. Alongside these outdoor pursuits, he enjoys watching Formula 1 and football matches.

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Adeline Permata

Investment Manager

Adeline has over 2 years of experience in the climate impact investment space. Holding a Bachelor of New Energy Science and Engineering from The Chinese University of Hong Kong, Shenzhen, and having completed BatteryMBA CPD accredited program, she leverages her technical background to spearhead deal screening and due diligence (DD) works, including a technical DD on a battery-swapping electric motorcycle startup. Adeline has prior experience in solar energy project management as well as entrepreneurship, including co-founding a solar PV business. Being young and agile, Adeline is well adept in scaling and catalyzing climate solutions in Southeast Asia—a place she proudly calls home.

Beyond her professional pursuits, Adeline finds joy in savoring matcha and its other -cha variants (i.e., houjicha, genmaicha). In her free time, she loves learning new things and taking her furry companion out for a walk.

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Irfan Sidik

Head of Investments

Irfan has extensive background on corporate finance, strategy and financial modeling, as well as extensive hands-on experience in startup fundraising. As an Investment Manager, Irfan leads on-the-ground activities of identifying and funding ventures within the climate tech sector. Irfan started his career at Deloitte and PwC before joining the growth team at Chevron under its geothermal business unit, which was one of the largest geothermal IPPs at the time. Following an acquisition event on the geothermal assets, he was directly involved in managing a substantial project finance loan at Star Energy. Irfan completed his Masters in Finance at the University of Cambridge, after which he had several stints with the World Bank as a consultant on modeling credit risk in energy and infrastructure projects. In his free time, Irfan loves playing soccer, both on the field and in console games. He also stays updated with the latest TV shows and treasures quality moments with his family of four.

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Dean Travers

Advisor

Dean brings an impressive 30 years of experience in the energy industry, excelling in risk advisory, business development, senior management, and governance roles. His expertise spans diverse sectors across global markets, including Southeast Asia, Australia, and Europe, with a focus on independent power producer (IPP) and merchant markets, corporate power purchase agreements (PPAs), policy and regulation, and renewable electricity generation. Dean has been actively involved in the early-stage clean tech and climate tech landscape, serving as a mentor, advisory board member, and Investment Committee (IC) member since 2020. Holding a Doctor of Philosophy in Electrical Engineering from the University of New South Wales, Sydney, Australia, Dean combines academic rigor with practical industry knowledge. Beyond his professional pursuits, Dean is a passionate scuba diver and divemaster, engages in underwater photography, and finds joy in running and trekking.

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Yeni Tjiunardi

Managing Director and Partner

Yeni brings nearly two decades of strategic analysis, origination, and implementation experience in energy projects and low-carbon solutions across the Asia Pacific region. As the Investment Director for New Energy Nexus' Indonesia 1 Fund since 2019, she has successfully led investments into seven portfolio companies spanning clean energy, e-mobility, energy efficiency, and energy access. Yeni’s background includes key positions at multinational utility companies such as Engie and the AES Corporation, where she contributed significantly to climate change mitigation projects, certified emission reduction transactions, and the development of Independent Power Producer (IPP) electricity projects. Being a CFA and an MBA from the National University of Singapore (NUS), Yeni is a driving force in advancing sustainable and innovative climate solutions in the Asia Pacific region.

In her free time, Yeni enjoys practicing pilates, reading books which piqued her curiosity and also traveling to new places which are in her bucket list. She also treasures quality time with her family.

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Sumba Sustainable Solution

Sector: Energy Access

https://www.sumbasustainablesolutions.com/
Sumba Sustainable Solutions (3S) is a company based in Sumba island, East Nusa Tenggara that aims to empower rural villages by providing access to clean electricity and appliances for productive uses to create sustainable economic development and job creation.

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Right People Renewable Energy (RPRE)

Sector: Clean Energy

https://www.rpreasia.com/
Right People Renewable Energy (RPRE) is a certified B Corp providing renewable energy solutions in Singapore and Indonesia. RPRE’s services include energy audits, energy efficiency advisory, Solar and ESS EPC services, and post-commissioning O&M.

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Blue

Sector: Clean Energy

https://www.warungenergi.com/
PT Bina Lintas Usaha Ekonomi (BLUE) is a renewable energy company based in Surabaya focusing on solar PV systems for the B2B and B2C sectors. It offers EPC service, training, consultation, O&M, as well as solar PV products through its online marketplace, Warung Energi.

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Synergy Efficiency Solutions

Sector: Energy Efficiency & Management

https://synergy.id/
Synergy Efficiency Solutions (SES) is a specialized energy efficiency company based in Indonesia that is pioneering the ESCO business model. SES’ core business addresses the issues of rising energy prices and energy demand in Indonesia through energy efficiency investments.

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Solarkita

Sector: Clean Energy

https://solarkita.com/
SolarKita is a residential solar EPC startup. SolarKita provides an integrated solution for residential customers by combining digital platforms, such as Data Logger IoT for performance monitoring, zero down-payment financing program, and O&M packages (SolarKita Care).

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Swap

Sector: Electric Mobility, Energy Storage

https://www.swap.id/
Swap Energi Pte. Ltd. ("SWAP") is a pioneering e-mobility start-up focusing on tech-driven swappable energy network infrastructure which comprises of portable battery packs, battery-swapping charging stations, and "SMOOT" e-motorcycles in Indonesia.

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Xurya

Sector: Clean Energy

https://xurya.com/
PT Xurya Daya Indonesia (Xurya) is a renewable energy platform with a vision to revolutionize the Indonesian energy industry. Xurya has pioneered the zero investment method of switching to solar to incentivize a wave of rooftop solar projects specifically in the C&I sector.

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Danny Kennedy

Venture Partner

Danny has been championing clean energy and climate protection for over 30 years. He has led New Energy Nexus as CEO, connecting entrepreneurs globally to capital to build an abundant and equitable clean energy economy. He serves as Managing Director at the California Clean Energy Fund, overseeing initiatives like CalSEED.fund and CalTestBed while advising Young Greentech Entrepreneurs in China and serving as President of CalCharge. Danny co-founded Sungevity and Powerhouse. He also backed Mosaic, remaining on the board of Powerhive in Kenya and contributing to initiatives like Sunergise and EnergyLab Australia. Additionally, he advises Solar Philippines and is involved with nonprofits such as Power for All and the Epic Institute. Danny authored "Rooftop Revolution: How Solar Power Can Save Our Economy – and Our Planet – from Dirty Energy" in 2012, drawing on his extensive background in climate and clean energy activism since 1989. Danny loves the outdoors, be it on a bike, in open water, or on a multi-day hike. His current goal is to scale California’s Mount Shasta. And when the Wallabies (Australian rugby team) is playing, Danny is likely in front of the screen cheering them on.

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