GREE Energy Closes $720,000 Bridge to Series B Round

July 22, 2021
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As of July 2021,  GREE Energy closed a US$ 720,000 bridge round towards its Series B. The target for this fund raise was initially of US$ 500,000 but considering the robust traction, GREE’s management decided to extend such bridge round up to a maximum cap set at US$ 1,000,000.

GREE Energy was founded in 2013 with the aim to combat climate change and improve access to clean energy in rural areas. GREE Energy develops, finances, builds and operates biogas-to-energy projects in Indonesia. With one of the largest biogas-to-energy projects in Indonesia, GREE is ready to replicate the success of the Hamparan project across Southeast Asia.

The company will use the capital to secure at least 2 Power Purchase Agreements with PT PLN, the indonesian national utility, and to strengthen its Environmental and Social Management System.

For investors interested to participate to the US$ 280,000 balance closing, please reach out to: contact@gree-energy.com

ABOUT GREE ENERGY

GREE Energy was founded in 2013 with the aim to combat climate change and improve access to energy in rural areas. GREE Energy develops, finances, builds and operates biogas-to-energy projects in Indonesia. More information on GREE: www.gree-energy.com. For further information: contact@gree-energy.com

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