SEA’s cleantech ecosystem decoded

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Climate change is a global problem, but its repercussions won’t be felt evenly.

Southeast Asia is among the areas most vulnerable to its impacts. This is because of the region’s population density, coastal exposure, and extreme weather.

So while cleantech plays a global role in addressing climate change, it is especially important for Southeast Asia.

Today’s featured story dives into the key players in the region’s cleantech sector – from electric vehicle manufacturers to recycling startups, and everything in between.

Today we look at:

• The firms leading Southeast Asia’s cleantech scene
• Malaysia’s PM speaking out against tariffs
• Other newsy highlights such as Asian markets facing a rough day and India launching a helpline for startups to report corruption

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Cleantech leaders

Image credit: Timmy Loen

Cleantech is crucial. If done right, it can help grow economies without destroying the planet.

This landscape map report takes a closer look at the key players in Southeast Asia’s cleantech sector, both startups and investors.

• Definition: Cleantech startups aim to develop technologies that reduce environmental impact. They specialize in renewable energy, EVs, and waste management, among others.
• Funding dip: Funding in the region’s cleantech scene peaked at more than US$350 million in 2023. It then experienced a major drop in funding total and deal count in 2024.
• Leader of the pack: Renewable energy firms have secured the most funding in the past 12 months by far at US$143.6 million. This has been far ahead of environmental innovation firms at less than US$10 million.

Read more: Mapping SEA’s leading cleantech players

Tariff turmoil

The new 60/40 Podcast episode breaks down the startup community’s biggest existential questions

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