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

Since its beginning, BillionBricks has won several awards for its mission also layouts, including the 2018 & 2020 President’s Design Award (Singapore), the 2021 Global Holcim Commendation Award, the 2018 Smart Fifty Award (India), also the 2022 INDE.Awards (Australia).

“ENGIE is focused on increasing Southeast Asia’s energy transition in the direction of carbon neutrality while guaranteeing it continues to be cost effective, readily available, and self-sufficient. By combining inexpensive housing and solar energy production, BillionBricks will assist to achieve a fair energy change, furthermore we are proud to assist its development objectives,” states Thomas Baudlot, CEO for ENGIE energy solutions APAC and also nation head for Southeast Asia.

Thakral’s chief executive officer and also executive head, Inderbethal Singh Thakral shares, “I am extremely delighted to see that BillionBricks’ unique strategy to taking on several sustainability obstacles simultaneously has actually gained significant traction, and also is embarked on disrupt both the renewable energy and even housing sectors. The investment in BillionBricks is in line with our technique of growing our concentration to feature influence investing and add to minimizing environmental effect, while aiding communities in need.”

BillionBricks, a climate-tech venture, has closed a US$ 2.45 million ($ 3.3 million) seed funding round. The round was led by SGX-listed Thakral Corporation, that signs up with ENGIE as mainstay financiers in the startup.

BillionBricks is a Singaporean start-up that develops net-zero houses and communities. It was founded in 2013 as a non-profit firm by architect Prasoon Kumar along with investor Anurag Srivastava to resolve the global climate together with housing situations.

” BillionBricks is taking on multiple sustainability obstacles in a particular option, plus aiming to create a substantial influence with each and every venture,” states BillionBricks CEO Prasoon Kumar.

The initial BillionBricks area is going to be introduced in the Philippines, enveloping over 16 hectares of land and also covering 1,600 homes. The neighborhood can also have 13 MW of electrical energy generation ability with a utility-scale rooftop solar center in addition to the housing development. The project solely can counter over 7,000 tonnes of carbon dioxide emissions each year, according to BillionBricks.

Tembusu Grand Tanjong Katong, Jalan Tembusu Road

To increase its scope and even influence, BillionBricks pivoted to become a for-profit company in 2020.