Climate-tech venture, BillionBricks closes US$2.45 mil seed funding round led by Thakral

Given that its creation, BillionBricks has won a number of honors for its mission also designs, consisting of the 2018 & 2020 President’s Design Award (Singapore), the 2021 Global Holcim Commendation Award, the 2018 Smart Fifty Award (India), and the 2022 INDE.Awards (Australia).

The initial BillionBricks neighborhood will be introduced in the Philippines, covering up over 16 hectares of land and also covering 1,600 houses. The area is going to also have 13 MW of power generation ability through a utility-scale roof solar facility on top of the housing project. The project solely can counter over 7,000 tonnes of co2 transmissions each year, according to BillionBricks.

Thakral’s chief executive officer and executive head, Inderbethal Singh Thakral shares, “I am very excited to see that BillionBricks’ novel approach to dealing with several sustainability difficulties simultaneously has acquired considerable traction, and is set to break up both the renewable resource and housing sectors. The investment in BillionBricks remains in line with our strategy of increasing our concentration to include effect investing and even help in decreasing ecological effect, while assisting communities in need.”

“ENGIE is focused on increasing Southeast Asia’s power change towards carbon neutrality while ensuring it continues to be budget-friendly, readily available, and sustainable. By integrating budget friendly real estate as well as solar power manufacturing, BillionBricks will certainly aid to accomplish a reasonable power shift, furthermore we are honored to sustain its progression objectives,” states Thomas Baudlot, chief executive officer for ENGIE energy solutions APAC also nation head for Southeast Asia.

BillionBricks is a Singaporean start-up that develops net-zero homes and areas. It was opened in 2013 as a charitable business by engineer Prasoon Kumar plus venture capitalist Anurag Srivastava to deal with the worldwide climate and housing crises.

Avenir Condo Singapore

To expand its scope in order to effect, BillionBricks pivoted to come to be a for-profit business in 2020.

” BillionBricks is taking on numerous sustainability obstacles in a single option, and also aiming to bring in a considerable impact with each and every work,” states BillionBricks chief executive officer Prasoon Kumar.

BillionBricks, a climate-tech venture, has sealed a US$ 2.45 million ($ 3.3 million) seed capital round. The round was guided by SGX-listed Thakral Company, that joins ENGIE as mainstay capitalists in the start-up.

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