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 scalable climate tech companies that significantly contribute to Southeast Asia’s transition to net zero.

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 highly scalable early stage climate companies across Southeast Asia.

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

Southeast Asia is home to a growing population with rapidly expanding economies and fundamental needs—food, water, energy, housing, and transportation

Meeting these needs, both now and in the future, will require massive resources.

If not done right, this growth risks serious environmental harm.

Addressing these needs efficiently, affordably, and sustainably requires lots of innovation—led by local climate entrepreneurs. Yet, these entrepreneurs are facing major barriers to secure the capital needed to scale.

That’s where we come in.

We invest in
climate entrepreneurs
innovating across these
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.

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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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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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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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