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

BillionBricks is a Singaporean startup that develops net-zero houses and also communities. It was opened in 2013 as a non-profit business by designer Prasoon Kumar plus venture capitalist Anurag Srivastava to attend to the global climate together with real estate situations.

“ENGIE is concentrated on speeding up Southeast Asia’s power change towards carbon neutrality while making sure it stays budget friendly, available, along with sustainable. By integrating inexpensive real estate as well as solar power manufacturing, BillionBricks will assist to achieve a reasonable power shift, furthermore we are proud to sustain its development objectives,” states Thomas Baudlot, chief executive officer for ENGIE energy solutions APAC and also country head for Southeast Asia.

To expand its range in order to influence, BillionBricks pivoted to become a for-profit business in 2020.

The initial BillionBricks area will be introduced in the Philippines, enveloping over 16 hectares of land and also extending 1,600 houses. The neighborhood is going to also have 13 MW of electricity generation ability via a utility-scale roof solar facility on top of the housing development. The project by itself can balance out over 7,000 tonnes of carbon dioxide emissions annually, according to BillionBricks.

Thakral’s chief executive officer and also executive head, Inderbethal Singh Thakral shares, “I am really thrilled to see that BillionBricks’ uncommon technique to taking on several sustainability difficulties at the same time has gained substantial traction, and also is set to intrude both the renewable resource and housing sectors. The effort in BillionBricks remains in line with our technique of growing our concentration to consist of effect investing and even help in minimizing environmental impact, while assisting neighborhoods in need.”

One Pearl Bank Capitaland

” BillionBricks is taking on numerous sustainability challenges in a sole option, and also looking to create a considerable effect with each and every project,” states BillionBricks chief executive officer Prasoon Kumar.

Considering that its inception, BillionBricks has won several awards for its objective along with layouts, featuring 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).

BillionBricks, a climate-tech venture, has closed a US$ 2.45 million ($ 3.3 million) seed funding round. The round was head by SGX-listed Thakral Firm, who joins ENGIE as cornerstone financiers in the start-up.

error: Content is protected !!