Hi everyone. Taro here.
With the latest developments in the voluntary carbon markets within the region, learning new concepts has been very enlightening.
The Southeast Asian region is a dynamic blend of growth and natural beauty. Lately, I’ve been learning more about renewable energy certificates (RECs) and their potential impact here. RECs represent a commitment to renewable energy. As we in Southeast Asia grapple with the challenges of climate change, they offer a tangible way for us to endorse sustainable energy solutions. It’s encouraging to see such mechanisms in place, instilling hope for a greener future in our region.
Nothing But Net
Recent Startup Wins
- MADCash, a Malaysian fintech solutions provider, has secured USD 1.05 million in a pre-Series A round, aiming to empower women entrepreneurs.
- Meraque made a big step in robotics automation for agriculture, launching Malaysia’s first autonomous ground vehicle for plantations.
- BoomGrow, stepping into agritech, attracts pre-Series A investment from Gobi Partners for undisclosed terms.
- NexMind, a digital marketing platform driven by artificial intelligence, has garnered an undisclosed sum in seed funding from 500 Global.
- Kiddocare, a Malaysian on-demand caregiving platform, has wrapped up its pre-Series A funding round, with Artem Ventures as the lead investor, and Gobi Partners, MSW Ventures Asia Fund X, and ScaleUp Malaysia also chipping in.
We cover interesting news items related to climate and sustainability in Southeast Asia.
- The Monetary Authority of Singapore (MAS) outlines the use of carbon credits to expedite the early retirement of coal-fired power plants. [via The Straits Times]
- The Solar Airship One aims to circumnavigate the globe in just 20 days without stopping. [via Inceptive Mind]
- Solar energy now supplies 40% of Australia’s electricity, reducing the nation’s coal dependency. [via Juan Cole]
- Singapore’s energy and petrochemical sector shifts focus toward a sustainable energy transition. [via CNA]
Pick & Roll
Interesting Drops From the Week
- Tinder introduces an absurd USD 499 per month premium feature to match users with the platform’s most desired profiles. [via TechCrunch]
- Singapore explores bioplastics as a potential solution to its plastic recycling challenges.
- Amazon’s shopping experience faces criticism for its decline in user-friendliness and increasing complexity. [via The Atlantic]
- The significance of circadian rhythms is being reiterated, shedding light on its impact on health and well-being. [via Noema Magazine]
If you are a startup that is raising funds, or have an interesting story or lead for us to feature in this newsletter, please fill out this form.