Southeast Asia’s green startups face headwinds amid funding slowdown

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The story "Southeast Asia’s green startups face headwinds amid funding slowdown" was covered 16 hours ago by Eco-Business, a news publisher based in Singapore.

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Eco-Business 16h ago

Southeast Asia’s green startups face headwinds amid funding slowdown - Eco-Business

Quick Summary:

Southeast Asia’s clean-energy startups like Vietnam’s SmartSolar and Indonesia’s Swap Energi are expanding but face growing challenges due to waning government support and shifting global investment trends.

Swap Energi focuses on delivery and ride-hailing drivers who operate long distances within defined geographies with recharging packages that include unlimited swaps for 25,000 rupiah (US$1.50) a day — an estimated savings of at least 40,000 rupiah (US$2.40) and allowing users to travel distances of up to 150 kilometers (93 miles) per day, compared with drivers on conventional bikes.

Last year Junker approached the US International Development Finance Corporation (DFC), which he said indicated to him it invests as much as US$100 million a year in renewable projects.