202424 Apr

Beacon VC Joins SUN Group in Series A Investment in ION Energy

Summary

This investment aims to further propel IONs success in providing clean and affordable energy solutions to both Thai residential users and businesses, leveraging Kasikornbanks strong customer base.Mr. Hence, the Series A funding of $3 million from Beacon VC and SUN Group is crucial for ION to expand its business to support this growth. The funding raised will be invested in expanding our services and offerings across both of our business models: Engineering, Procurement, and Construction (EPC) services: ION as contractor providing turnkey end-to-end design and engineering, procurement, installation, and maintenance of solar systems, including permit application, for households, real estate properties, and small-and-medium-sized businesses. Businesses will purchase clean electricity from ION at prices 20-50% lower than conventional electricity from the grid, benefiting both SMEs and larger organizations.Hendy Limadi Tohan, Director of SUN, noted that this investment indicates SUNs recognition of the potential for growth in the solar energy market in Thailand, with ION moving forward with plans to develop an end-to-end digital customer journey through a mobile application platform, allowing users to monitor and manage solar energy systems. SUN Group also plans to build a comprehensive clean energy platform for Thailand residential market through a Joint Venture with ION.

Source: Thaipr

Funding

$3M
Amount
Apr 24 2024
Date
-
Investor
ION Energy
Company

Classifications

Companies