# Brite Energy Partners Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/brite-energy-partners-co

- Industry: Business Support Services
- Headquarters: Seoul, South Korea
- Website: http://www.bepsolar.com
- Total disclosed funding: $3.4M
- Latest round: Series A (Sep 10, 2020)
- Investors on record: 6

## About

Brite Energy Partners Co., Ltd., based in South Korea, specializes in renewable energy solutions, focusing on solar power, Battery Energy Storage Systems, wind energy, and EV charging infrastructure, contributing to a sustainable energy future.Founded in 2017 and headquartered in Seoul, South Korea, Brite Energy Partners Co., Ltd. develops renewable energy solutions. The company has successfully raised KRW 100 billion in its latest funding round on July 18, 2024, with BlackRock as a returning investor, totaling KRW 100 billion raised to date. The CEO and founder, Brian Kim, has been instrumental in guiding the company through its strategic growth and development.Brite Energy Partners (BEP) primarily focuses on the development and deployment of renewable energy solutions, with an emphasis on solar power, Battery Energy Storage Systems (BESS), wind energy, and electric vehicle (EV) charging infrastructure. Their core offerings aim to address the growing demand for cleaner and more sustainable energy sources, thereby contributing to energy transition initiatives that promote a safer and more affordable power market. By investing heavily in these sectors, BEP serves a diverse client base, including local communities, municipalities, and businesses seeking to reduce their carbon footprint and transition to renewable energy sources. The company's renewable energy installations are operational across various geographical markets, including regions in South Korea, such as Gangwon-do, Gyeongsangnam-do, Gyeongsangbuk-do, and Chungcheongbuk-do, ensuring a broad reach and impact in the renewable energy landscape.BEP’s revenue generation is primarily derived from long-term contracts and partnerships established with various stakeholders involved in the renewable energy sector. The firm engages in B2B transactions, collaborating with municipalities and corporate clients to deliver its energy solutions. As part of its operational model, BEP integrates revenue structures that include direct sales of energy produced from their solar and wind installations, alongside fees associated with the deployment and management of EV charging infrastructure. With a robust portfolio that includes flagship offerings such as solar installations and energy storage systems, BEP's financial transactions are structured to facilitate ongoing revenue streams through energy sales and service agreements, thereby allowing for sustained growth and investment in renewable energy initiatives.In July 2024, Brite Energy Partners Co., Ltd. raised KRW 100 billion in venture funding from BlackRock. The company plans to utilize this funding to expand its solar portfolio, increase electric vehicle fast-charging infrastructure, and acquire battery energy storage systems. Brite Energy Partners is also looking to enter new markets, aiming to broaden its geographical footprint and enhance its impact in the renewable energy sector.

## Funding rounds

- Series A, Sep 10, 2020, $3.4M — Wooshin Venture Capital, BNK Venture Capital, Soorim Venture Capital, NCORE Ventures, Won & Partners, Breeze Investment

## Investors

- Wooshin Venture Capital (https://capitalatlas.ai/funds/wooshin-venture-capital) — Series A
- BNK Venture Capital (https://capitalatlas.ai/funds/bnk-venture-capital) — Series A
- Soorim Venture Capital (https://capitalatlas.ai/funds/soorim-venture-capital) — Series A
- NCORE Ventures (https://capitalatlas.ai/funds/ncore-ventures) — Series A
- Won & Partners — Series A
- Breeze Investment (https://capitalatlas.ai/funds/breeze-investment) — Series A