Clean Energy Startups

A new funding push is aiming to close one of the biggest gaps in Asia’s clean energy ecosystem: early-stage capital. Through Schneider Electric Energy Access Asia Fund II, or SEEAA Fund II, Schneider Electric and Swiss-Asia Financial Services are backing a blended finance approach for startups in South Asia and Southeast Asia. The fund is designed for technology-driven business models with the potential to scale across energy generation, energy efficiency, energy management, circular economy, and green finance. That scope places the initiative beyond simple financing, positioning it as a tool to accelerate the region’s low-carbon transition. Why the funding structure matters Schneider Electric is combining its experience in energy transition and impact investment with Swiss-Asia Financial Services’ fund management and investor network. The partnership is meant to make capital more accessible for clean energy founders who often struggle to secure early backing. To strengthen the structure of the fund, Schneider Electric used the Asia Climate Solutions Design Grant from Convergence. The move aligns with the company’s sustainability ambition to expand access to affordable and sustainable energy for underserved communities. Indonesia remains a key market Indonesia continues to play an important role in SEEAA’s regional strategy, supported by visible results from earlier investments through SEEAA Fund I. By the end of December 2025, Indonesian companies backed by SEEAA had reached more than 38,000 beneficiaries and reduced emissions by more than 407,000 tCO2e. Among the supported startups are Xurya and Solarkita in rooftop solar, Dash Electric in low-carbon logistics, and Agros, which provides sustainable agriculture solutions for smallholder farmers. The portfolio shows that clean energy investment is not limited to technology alone, but also touches operational and social needs on the ground. Targets set for a wider impact SEEAA Fund II is expected to deliver a broader footprint than the previous fund. Its targets include cutting around 3 million tons of CO2 emissions, benefiting 3.5 million people, and creating about 5,000 new jobs across South Asia and Southeast Asia. Those goals underline an investment approach that ties business growth to measurable environmental and social outcomes. In this framework, clean energy startups are treated as catalysts for wider energy access and new economic activity. Indonesia’s role in the wider track record Swiss-Asia Financial Services has also confirmed its commitment to Indonesia’s entrepreneurial ecosystem. According to Pying-Huan Wang, CEO of Swiss-Asia Financial Services, SEEAA Fund II will be the third fund the firm manages for investment in the local market. The continuation of that strategy suggests that Indonesia will remain a priority as the new fund is deployed. For the wider region, SEEAA Fund II arrives at a time when early-stage funding is still one of the biggest barriers for clean energy startups. Source: www.medcom.id

SEEAA Fund II Pushes Clean Energy Startups Forward, Indonesia Remains in Focus