BECIS Secures $45 Million to Advance Its Growth Journey
Singapore – BECI Solutions Holding Pte. Ltd. (BECIS) proudly announces the successful acquisition of US$45 million in new equity financing from its dedicated shareholders. This round of funding features committed investment from KLP Norfund Investments, Pula Investments represented by Berkeley Energy, and Siemens Financial Services.
Expanding Horizons in Decarbonisation Solutions
BECIS operates across eight strategic markets in Southeast Asia, China, and India. The company specializes in innovative decarbonisation solutions that reduce complexity and risk for clients, while aligning them with essential goals related to sustainability, cost efficiency, and robust energy infrastructure.
Strengthening the Energy-as-a-Service Position
This new funding positions BECIS to fortify its growth trajectory, enhance its capabilities as a leading Energy-as-a-Service (EaaS) platform, and showcase its ability to scale operations efficiently across diverse energy solutions. BECIS is dedicated to supporting clients in their sustainability journeys through its comprehensive suite of energy services.
Support from Leading Investors
Anders Blom, Senior Vice President of Norfund, expressed his enthusiasm about the investment, stating, "KLP and Norfund are thrilled to back BECIS in its quest for sustainable growth. By providing environmentally-friendly services, BECIS equips its clients to operate with clean and dependable renewable energy sources.”
Richard Collenette, CEO of Pula Investments, reiterated their commitment to BECIS: “Pula Investments remains steadfast in our support of BECIS and our shared ambition for global decarbonization to ensure a sustainable future.”
Steffen Grosse, CEO of Siemens Financial Services, highlighted the importance of their investment: “Siemens Financial Services is proud to deepen our commitment to BECIS as it continues its expansion. Our investment showcases a shared objective of providing sustainable energy solutions that empower industries to transition towards a low-carbon future.”
Outlook for Future Growth
Eren Ergin, the CEO of BECIS, commented on the shareholder backing: “We are delighted with the ongoing equity support from our shareholders, underscoring their confidence in our performance and growth strategy. The additional equity allows BECIS to pursue its forthcoming growth phase, set to enhance our platform and service reach throughout the region.”
About BECIS
BECIS stands as a prominent Energy-as-a-Service (EaaS) provider focusing on high-quality commercial and industrial customers. Through its EaaS model, the company develops, constructs, operates, and owns distributed energy solutions, reducing risk and complexity for clients while helping them meet their sustainability, cost efficiency, and energy security goals.
About Our Key Shareholders
KLP is Norway’s largest pension fund, representing municipal employees and managing assets of NOK1,147bn as of year-end 2024. They uphold strict guidelines regarding responsible investments and sustainability, leading the industry with ambitious net-zero roadmaps.
Norfund is dedicated to fostering job creation and improving quality of life in developing economies by investing in businesses that promote sustainable development. With a portfolio exceeding USD 4 billion, Norfund stands as a vital resource for strengthening private sector growth and reducing poverty.
Pula Investments, the family investment office of Stephen Lansdown CBE, emphasizes sustainable practices across various sectors. They are committed to investing in initiatives that foster long-term growth and health.
Siemens Financial Services (SFS) focuses on providing financing that drives meaningful impacts. They enable access to technology and solutions that enhance competitiveness and promote sustainable growth, ensuring contributions to the renewable energy sector.
Frequently Asked Questions
What is the purpose of BECIS's new equity financing?
The financing will be used to support BECIS's growth and further enhance its Energy-as-a-Service platform.
Who are the main investors in BECIS?
The main investors include KLP Norfund Investments, Pula Investments, and Siemens Financial Services.
What markets does BECIS operate in?
BECIS operates in Southeast Asia, China, and India, focusing on decarbonisation solutions.
What is the mission of BECIS?
BECIS aims to provide innovative energy solutions that facilitate sustainability and efficiency for their clients.
How does BECIS support its clients in sustainability?
BECIS offers a comprehensive suite of energy solutions designed to reduce complexity and risk while enhancing sustainability efforts.
