# Sunseap Group Pte

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sunseap-group-pte

- Industry: Renewable Energy
- Headquarters: Singapore, Singapore
- Website: www.sunseap.com
- Total disclosed funding: $236M
- Latest round: Series D (Feb 14, 2020)
- Investors on record: 15

## About

Based in Singapore, Sunseap Group Pte Ltd was founded in 2011 by Frank Phuan. Sunseap Group operates through five key units Sunseap Leasing, Sunseap International, Sunseap Energy, Sunseap Engineering, and Sunseap Solutions. Sunseap Leasing is Singapore's first and biggest solar leasing business. Sunseap International focuses on the Southeast Asian and Pacific markets. The company partnered with e-commerce titan Amazon to export 62 megawatts of clean energy to Singapore’s electricity grids. In November 2021, EDP Renewables acquired a majority stake in Sunseap Group Pte Ltd from ISO-Team Corporation Pte Ltd. The secondary stock purchase values Sunseap Group Pte Ltd at SGD 1.1 billion post-money.

Sunseap Group is a renewable energy company that develops a grid-connected photovoltaic power plant, providing rooftop solar and clean energy solutions to end consumers. The company's products also help reduce greenhouse gas emissions by providing engineering, procurement, construction, operation, and maintenance services for photovoltaic (PV) projects.

Sunseap expects to list by the end of 2021 and is in negotiations with advisors over its first-ever equity offering.

## Funding rounds

- Series D, Feb 14, 2020, $148M — Temasek Holdings, Bangkok Bank, Banpu Public Company Limited, ABC Impact
- Series C, May 2, 2017, $64M — Shell Ventures, ISO-Team Corporation Pte Ltd, Banpu Public Company Limited
- Series B, Aug 10, 2015, $24M — Zouk Capital, Centurion Capital, Woodbury, Helios Capital, TRIREC, Chow Tai Fook Enterprises, Enspire Capital, D3 Jubilee Partners, Seng Lee Tobacco Factory Pte Ltd

## Investors

- Zouk Capital (https://capitalatlas.ai/funds/zouk-capital) — Series B
- Centurion Capital — Series B
- Woodbury — Series B
- Helios Capital (https://capitalatlas.ai/funds/helios-capital) — Series B
- TRIREC (https://capitalatlas.ai/funds/trirec) — Series B
- Chow Tai Fook Enterprises — Series B
- Enspire Capital (https://capitalatlas.ai/funds/enspire-capital) — Series B
- D3 Jubilee Partners (https://capitalatlas.ai/funds/d3-jubilee-partners) — Series B
- Seng Lee Tobacco Factory Pte Ltd — Series B
- Shell Ventures (https://capitalatlas.ai/funds/shell-ventures) — Series C
- ISO-Team Corporation Pte Ltd — Series C
- Banpu Public Company Limited — Series C, Series D
- Temasek Holdings — Series D
- Bangkok Bank — Series D
- ABC Impact (https://capitalatlas.ai/funds/abc-impact) — Series D