MediSun Energy raises US$8.75 mil seed round with Vynn Capital

Quick Summary:

Ambition is to drive MENA expansion and advance Osmotic Energy Innovation

Tech can be crucial for industries that require innovation in energy management MediSun Energy Pte Ltd, a Singapore based company specializing in advanced osmotic (blue) energy technology, has successfully secured US$8.75 million (RM39.1 million) in funding and established a strategic partnership with Southeast Asian venture capital firm Vynn Capital Sdn Bhd.

The funding consists of US$5 million (RM22.34 million) in venture debt and US$3.75 million in equity financing, bringing the company’s valuation to US$44 million.[RM1 = US$0.224]

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Article Details

Author / Journalist: karamjit2

Category: EconomyStartupsBusiness

Markets: MalaysiaIndonesiaSaudi ArabiaSingaporeThailand

Topics: Medisun Energy Million Us$8 Technology Other Capital Venture Partnership Vynn Funding

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 00:01:10 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: digitalnewsasia.com

Language: English

Article Length: 446 words

Reading Time: 3 minutes read

Sentences: 20 lines

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Copyright Owner: © Digital News Asia

News ID: 23810802

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