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///LATE STAGE • Sociolla • US$ 250M • Commerce///POLICY • Gold Export Duties: Progressive Reference-Price Ladder Kicks In///SERIES A • Hangry • US$ 10.5M • F&B///POLICY • Coal Export Tax 2026: Indonesia Signals a New Resource-Rent Phase///SERIES B • Honest • Undisclosed • Fintech///POLICY • Export FX Repatriation: Proceeds Routed Through State Banks From 2026///SEED • Arummi Foods • US$ 2M • F&B///POLICY • OJK POJK 4/2025: Financial Aggregators Move Into a Licensing Regime///PRE-SEED • IDRX • US$ 300k • Web3///POLICY • Finfluencer Rules: OJK Tightens Conduct Around Securities Marketing///SERIES C • Yup • US$ 32M • Fintech///POLICY • Dormant Accounts: New Standardization Changes Bank Data and Ops///LATE STAGE • Sociolla • US$ 250M • Commerce///POLICY • Gold Export Duties: Progressive Reference-Price Ladder Kicks In///SERIES A • Hangry • US$ 10.5M • F&B///POLICY • Coal Export Tax 2026: Indonesia Signals a New Resource-Rent Phase///SERIES B • Honest • Undisclosed • Fintech///POLICY • Export FX Repatriation: Proceeds Routed Through State Banks From 2026///SEED • Arummi Foods • US$ 2M • F&B///POLICY • OJK POJK 4/2025: Financial Aggregators Move Into a Licensing Regime///PRE-SEED • IDRX • US$ 300k • Web3///POLICY • Finfluencer Rules: OJK Tightens Conduct Around Securities Marketing///SERIES C • Yup • US$ 32M • Fintech///POLICY • Dormant Accounts: New Standardization Changes Bank Data and Ops
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Xurya
Growth

Jakarta| Est. 2018

Solar-as-a-service model—customers pay nothing upfront, only for electricity generated (lower than grid rates). Revenue from long-term PPAs with IoT monitoring.

Total FundingUS$ 90M
ValuationCentaur-level

Investment Thesis

"Indonesia highly vulnerable to climate change with NZE 2060 target. C&I solar massive potential with proper financing model eliminating capex barrier."

Recent Signals

  • 01100+ MW operational (2024).
  • 02B Corp Certified 2024.
  • 03First Indonesian company with Norfund/Swedfund direct investment.
  • 04152,000 tonnes CO2 avoided annually.

Key People

  • E
    Eka Himawan

Cap Table

Norfund/SwedfundBritish International InvestmentAC Ventures East Ventures Saratoga Schneider ElectricMitsui

Verified Funding History

RoundDateAmountParticipating Investors
DebtJun 2025US$ 21MUOB Indonesia
Series BJul 2024US$ 55MNorfund - Norwegian Climate Investment Fund (lead), Swedfund, Clime Capital (SEACEF II), BII, AC Ventures
Series AOct 2022US$ 33MEast Ventures, Saratoga, Mitsui & Co., Surya Semesta Internusa, Schneider Electric, New Energy Nexus

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