The company earned an undisclosed amount from several new Japanese investors.
Singapore-headquartered clean energy provider Sunseap Group is set to expand its business in Japan on the back of investments from three Japanese corporations from its latest Series E funding round.
The new investors are Sumitomo Corporation, Shikoku Electric Power Company Incorporated, and Sumitomo Mitsui Finance and Leasing Company, Limited. The proceeds will be used by Sunseap to invest in projects in Japan at a time when the country has pledged to achieve carbon neutrality by 2050.
This is the first time that these Japanese corporations are investing in Sunseap. The partnership will pave the way for Sunseap to introduce a slate of clean technology and business solutions to the Japanese market.
“We are delighted to have Sumitomo Corporation, Shikoku Electric and SMFL, invest into Sunseap. These investments will certainly strengthen Sunseap’s capacity to expand its business in Singapore and in the region.”