BBVA Spark has invested $10 million in Bia Energy, a Colombian energy tech startup, to enhance its technological infrastructure and promote a sustainable energy landscape.

Information on the Target

Bia Energy, founded in 2022, is an innovative startup focused on transforming energy management and commercialization in Colombia. Since its inception, the company has shown remarkable growth, achieving a monthly revenue of $8 million. Bia Energy currently operates in over 134 cities across Colombia, providing intelligent energy marketing solutions to more than 2,500 companies. The recent investment from BBVA Spark will bolster Bia Energy's technological infrastructure and enhance its capacity to promote a more sustainable and efficient energy environment in the country.

Industry Overview in Colombia

The energy sector in Colombia is undergoing significant transformation, particularly with the increasing adoption of advanced energy technologies. As the demand for sustainable energy solutions rises, Colombian startups like Bia Energy are stepping up to meet this need. The country's strategic position in Latin America, along with its commitment to energy diversification and sustainability, has created a fertile environment for energy tech innovations.

Additionally, Colombia's government has implemented policies aimed at fostering the growth of the renewable energy sector, enhancing investment opportunities in energy t