October 25

Solar Startup Xurya Scores Additional Funding From Mitsui, SSIA in Indonesia

Xurya Daya Indonesia (Xurya), a solar power rental and installation startup, received additional series A funding from global trading and investment company Mitsui & Co., Ltd. (Mitsui) and PT Surya Semesta Internusa Tbk (SSIA).

The total funds obtained through series A reached $33 million or equivalent to IDR 510 billion on October 20, 2022.

Xurya’s Managing Director and Co-Founder, Eka Himawan said, “We appreciate the trust given by Mitsui, Surya Semesta Internusa, our partners, and Xurya customers. The funding will be allocated to support the expansion of solar power development to accelerate the clean and sustainable energy transition for companies in Indonesia.”

According to Eka Himawan, Xurya plans to allocate funding for the expansion of solar power development have tripled since the beginning of 2022.

Photo courtesy of Ferry Octavian.

Source: AsiaTechDaily (link opens in a new window)

renewable energy, solar, startups