Verta Bioenergy CEO Jeremy Tan
Verta Bioenergy, a Singapore-headquartered climate-tech startup, has closed SGD 1.1 million (US$845,000) in seed funding from investors, including ENGIE Factory, Wright Partners, AlphaGen VC, and Auravia Capital.
Jun Umali from the Manila Angel Investors Network (MAIN) also participated.
The fresh capital will fuel the launch of Verta’s first commercial-scale manufacturing plant.
Also Read: EcoSfera helps turn your household waste into energy in the comfort of your home
Per a press statement, the funding injection arrives just one year after the company’s inception, during which Verta claims it has secured more than US$10 million in Letters of Intent (LOIs) with multinational corporations.
Co-created with ENGIE Factory, Wright Partners, and Ming Labs, Verta Bioenergy was incubated under the Singapore Economic Development Board’s (EDB) Corporate Venture Launchpad (CVL) programme.
The startup focuses on transforming agricultural waste into high-quality biomass pellets that are positioned as a cost-competitive, drop-in replacement for industrial coal usage.
With current operations established in the Philippines and plans for broader expansion across Southeast Asia, Verta Bioenergy is preparing to launch a commercial-scale manufacturing plant with an initial production capacity of 12,000 tonnes per year. The company is also developing a solar-powered dryer to enhance the overall sustainability of its process.
Verta’s leadership is bullish on its immediate financial outlook, expecting to achieve positive cash flow within the next 12 months.
Also Read: Turning trash into treasure: How Blue Planet tackles Southeast Asia’s waste crisis
Jeremy Tan, CEO of Verta Bioenergy, confirmed the strategic direction the funding will enable: “Our mission is clear: to replace coal with a cheaper, cleaner, drop-in alternative.” He added: “With the support of ENGIE Factory and our investors, we’re on track to achieve commercial-scale production and expect to generate positive cash flow within the next 12 months.”
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Verta Bioenergy, a Singapore-headquartered climate-tech startup, has closed SGD 1.1 million (US$845,000) in seed funding from investors, including ENGIE Factory, Wright Partners, AlphaGen VC, and Auravia Capital. Jun Umali from the Manila Angel Investors Network (MAIN) also participated. The fresh capital will fuel the launch of Verta’s first commercial-scale manufacturing plant. Also Read: EcoSfera helps
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