Xurya, Indonesia start-up, announces funding from domestic and foreign Investors. (Photo: Xurya)
Indonesia’s Just Energy Transition Partnership (JETP) has finally attracted its first overseas investment. The startup Xurya has secured a $25 million investment from the Norwegian Climate Investment Fund (NCIF). This investment is expected to expand the local rooftop solar market and reduce carbon emissions by 370,000 tons annually.
Xurya pioneers rooftop solar leasing without upfront costs
Founded in 2018, Xurya was named one of Forbes Asia's 100 to Watch in 2023. The company offers rooftop solar leasing services with no upfront costs for users, setting a market precedent. It collaborates with domestic and international manufacturers to provide comprehensive services including installation, monitoring, and maintenance. Xurya is also the first team in Indonesia to use Internet of Things (IoT) technology for remote operations. The company currently has over 180 projects across Indonesia, reducing carbon emissions by 1.52 million tons annually.
