REDEX Group has secured USD 10 million in Series A funding led by Aramco Ventures to enhance its Renewable Energy Certificates solutions and expand its market reach beyond Asia.
Target Information
REDEX Group Pte Ltd, founded in 2018, is a pioneering provider of Renewable Energy Certificates (RECs) solutions in Asia. The company operates the region's leading trading platform for RECs, offering a comprehensive suite of services that spans asset registration, verification, trading, and retirement. REDEX is dedicated to accelerating the global transition to renewable energy by helping corporates achieve 100% renewable electricity usage.
REDEX has established itself as a first-mover in the RECs market, building trust with significant players in the energy sector. The demand for its services is steadily increasing, driven by brand owners eager to secure renewable credentials for themselves and their supply chains. Recently, REDEX has expanded its capabilities, exemplified by its status as the first API-integrated Platform Operator Account on the I-REC registry.
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Industry Overview
The renewable energy sector has witnessed remarkable growth in Asia, propelled by an increasing awareness of sustainability and climate change. Governments and businesses alike are placing a stronger e
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in a Series A deal
Disclosed details
Transaction Size: $10M