Singapore’s XL Ventures secures In-Principle Approval for capital markets services license

0
6KB

XL Ventures Pte Ltd, a Singapore-headquartered climate tech focused company, has received In-Principle Approval from the Monetary Authority of Singapore (MAS) to perform licensed Venture Capital Fund Manager (VCFM) activities in Singapore.

XL Ventures said in a statement on Friday that the firm plans to partner closely with a select number of early-stage companies, providing hands-on support to help them establish operations and scale in Asia.

The firm will also foster partnerships with large local conglomerates to enable market access and distribution.

Founded by Amit Sharma and Saroj Mishra, the firm aims to invest in and promote tech startups that use data, sensors, and artificial intelligence (AI) to optimize energy consumption in commercial buildings and power infrastructure — sectors with significant potential for decarbonization.

“All climate technologies required to save the planet already exist; the missing piece is rapid global scaling,

“While breakthrough innovations like fusion and new materials will be critical in the long term, we believe software and AI offer immediate and scalable tools to optimize complex, energy-intensive systems that currently run in silos with excessive safety margins,” said Sharma and Mishra.

They added that XL Ventures is particularly focused on technologies that are ready for deployment and can deliver measurable impact at scale.

“Corporates want to improve the bottom line and returns.” the founders noted.

“Technologies that solve real business problems from day one will see strong adoption. When they also deliver climate benefits, it’s a win-win,

“Energy efficiency and consumption optimization are cross-sector needs where immediate impact is possible — commercially and environmentally,” they added.

They see significant opportunities for European tech startups in the efficiency and smart-tech space.

“They fit well with the government and private sector agenda in Singapore, India and other Asian economies,” said the founders.

“We are currently helping several UK based startups to get traction in these markets,

“While the US was the obvious scaling market for them in the past, the focus has now firmly shifted to Asia and to some extent the large GCC economies who have similar agenda,” they added.

Amit Sharma, based in Singapore, previously served as Global Head of Business Development (Digital) for Tech Mahindra, the information technology (IT) services arm of Mahindra Group.

Saroj Mishra, based in London, co-founded Tazapay, a series A cross-border business to business (B2B) payments company funded by Peak XV, RTP Global, Paypal and others, and Bayfront Capital Advisors, a Singapore based corporate finance advisory practice.


#ClimateTech #VentureCapital #EnergyEfficiency #AIInnovation #SustainableScaling

Commandité
Rechercher
Commandité
Catégories
Lire la suite
Networking
Thunes, EzyRemit team up to enhance cross-border payments for expatriate communities
Thunes, a Singapore-based fintech firm, announces a new collaboration with EzyRemit, an...
Par Ifvex 2025-08-01 03:22:38 0 3KB
Networking
Vietnam’s IT firm FPT acquires German’s David Lamm Consulting
Vietnam-based information technology (IT) firm FPT Software announced Monday the full acquisition...
Par Ifvex 2025-05-06 06:38:25 0 7KB
Networking
Singapore’s digitally advanced businesses ten times more likely to report strong growth: HubSpot
Despite ongoing economic uncertainties, digitally advanced businesses in Singapore are reporting...
Par Ifvex 2025-06-13 04:24:20 0 6KB
Networking
China’s great leap forward from assembly lines to algorithms
It has become fashionable among Western commentators to predict the decline of China’s...
Par Ifvex 2025-02-06 13:29:41 0 10KB
Causes
Indonesia’s HiFeed secures pre-seed funding from Wavemaker Impact
HiFeed, an Indonesian cattle farming solution start-up, has on Wednesday announced the successful...
Par Ifvex 2025-01-08 12:36:50 0 13KB
Ifvex https://ifvex.com