Data Vantage | EDP Renewables APAC received fresh funding of $22.6 million
Edition #507, 25th Sept 2025
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Deandra Syarizka
Senior Research Analyst, Indonesia
Sept 25, 2025
Dear Reader,
Renewable energy company EDP Renewables APAC, formerly Sunseap, has received fresh capital from its parent company EDP Renovaveis S.A through the allotment of ordinary shares worth [redacted], according to its latest filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA). The filings show that the company issued 111,226 shares priced at [redacted] apiece.
This marks the parent’s second capital injection this year, after a [redacted] injection in March, bringing its total injection this year to [redacted]. The company has raised [redacted] since its establishment in 2015.
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Resilient climate tech
Despite shrinking cheque sizes, fundraising for climate tech startups in SE Asia remains resilient. The share of climate tech deal volume in overall PE-VC funding increased to 11.4% in H1 2025, from 7.1% in H1 2024, according to DealStreetAsia DATA VANTAGE’s Southeast Asia Startup Funding Report: H1 2025.
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Other updates from DATA VANTAGE
BlueSG, a Singapore-based company providing electric car sharing and charging services, has received paid-up capital of [redacted] through the allotment of preference shares to existing shareholders V Ventures Int Pte Ltd and Goldbell Corporation Pte Ltd. The company is rehauling its platform and existing fleet before relaunching services sometime in 2026.
OppDoor, a last-mile delivery startup founded by Flipkart co-founder Binny Bansal, has received a new capital injection through the allotment of ordinary shares worth [redacted] from parent 3State Ventures, a venture firm also founded by Bansal. This new capital injection brings this year’s total funding by the company to [redacted].
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