Climate tech funding makes a big splash in SEA

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Hello,

My friend Rahul has been preparing for the Indian Administrative Services exam for the past year in New Delhi.

Recently, he had to relocate to the city of Jaipur in the state of Rajasthan due to the health impact of the smog in Delhi. It is estimated that the air quality in Delhi is equivalent to smoking 10 cigarettes per day.

Not just in India, but globally, climate conditions are worsening. Fortunately, there are companies working to address these issues.

In this week’s Big Story, my colleague Deepti writes an in-depth report on Southeast Asia’s climate tech landscape. It seems that investors are also acknowledging the issue, with funding into the sector rising over the last few years. Last year, 41 climate tech startups in the region raised funds – the highest to date.

In this week’s second Big Story, my colleague Jofie dives into the business of Indonesian aquaculture startup eFishery’s expansion into India and what it’s up against. The company plans to introduce its own branded seafood products in Indonesian supermarkets and retail stores by the first half of 2024.

Meanwhile, in this week’s AI Odyssey, I discuss the European Union’s recently implemented AI Act and its future implications. The newly introduced law sorts generative AI models by their risk and enforces stricter rules for higher-risk ones.

— Lokesh

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BIG STORIES

1️⃣ SEA’s climate tech landscape: Energy solutions are making it rain

In 2023, 41 of the region’s climate tech startups secured investments, raking in the highest annual funding to date.

2️⃣EFishery takes on global aquaculture in a balancing act

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AI ODYSSEY

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FYI

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NEWS YOU SHOULD KNOW

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