# Brite Energy Partners

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

- Industry: Renewable Energy
- Headquarters: Seoul, South Korea
- Website: www.bep.co.kr/
- Total disclosed funding: $4.7M
- Latest round: Series B (Jul 31, 2021)
- Investors on record: 6

## About

Brite Energy Partners is a South Korean company focused on providing innovative clean energy solutions, specializing in solar power, energy storage systems, wind energy, and electric vehicle charging infrastructure.Founded in 2017 and headquartered in Seoul, South Korea, Brite Energy Partners engages in the development of renewable energy projects. The company has executed three deals, with the most recent funding round occurring on August 18, 2021, where it raised USD 100.00 mn from investor BlackRock, bringing the total amount raised to USD 100.00 mn.Brite Energy Partners (BEP) specializes in clean energy solutions, focusing primarily on solar power, battery energy storage systems (BESS), wind energy, and electric vehicle (EV) charging infrastructure. The company operates over 400 energy generation and storage facilities across various regions in South Korea, including locations in Pyeongchang, Uiryung, Gyeongsan, and Boeun. BEP's offerings aim to meet the growing demand for renewable energy and sustainable transportation solutions, with a goal of achieving 2GW of renewable energy capacity by 2029.Brite Energy Partners generates its revenue through strategic partnerships and direct contracts within the clean energy sector, primarily from the deployment of renewable energy projects and energy storage solutions. Its income stems from long-term agreements for energy supply and contracts for installing and maintaining EV charging infrastructure, allowing BEP to sustain a steady revenue stream as it supports the growth of sustainable energy solutions.In August 2021, Brite Energy Partners secured USD 100.00 mn in funding, which will be used to support its growth by acquiring small-scale solar assets. The company plans to expand its market presence by enhancing its portfolio of renewable energy projects and is committed to launching new clean energy products as it strives to meet its target of 2GW of renewable energy capacity by 2029.

## Funding rounds

- Series B, Jul 31, 2021, $1.3M — BNK Venture Capital
- 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, Series B
- 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