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Sources: Amazon’s solar energy partner in Singapore Sunseap mulls IPO

Briefing
Your roundup of Asian tech and startup news that matter

Deepti Sri · 25 Mar 2021 · 1 min read

Sources: Amazon’s solar energy partner in Singapore Sunseap mulls IPO

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“Sunseap Group, a Singapore renewable energy firm, is weighing an initial public offering in the city-state that could raise as much as S$600 million (US$445 million),” reported Bloomberg, citing sources familiar with the matter.

Details:

Sunseap plans to conduct its listing by the end of the year and is currently in talks with advisors regarding its planned first-time share sale.
However, details such as the size of the fundraise and the potential timeline could change, as deliberations are still ongoing.

Context:

Recently, the Singapore-based solar energy provider secured an undisclosed amount in its series E round from Dubai conglomerate Dutco Group.
The company has also partnered with ecommerce titan Amazon to export 62 megawatts of clean energy to Singapore’s electricity grids.

Editing by Miguel Cordon Jaclyn Tiu

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