# Third Wave Power Pte

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/third-wave-power-pte

- Industry: Renewable Energy
- Headquarters: Singapore, Singapore
- Website: www.thirdwavepower.com
- Total disclosed funding: $1.8M
- Latest round: Series A (Jan 30, 2019)
- Investors on record: 2

## About

Third Wave Power Pte Ltd focuses on providing innovative solar energy solutions to enhance energy access, particularly in emerging markets. Their products are designed to meet diverse energy needs in off-grid areas.Third Wave Power Pte Ltd is a solar energy solutions provider based in Singapore, specializing in solar products for residential and commercial use. The company was founded by Chuin Lim, who has a background in developing energy-related technologies. To date, Third Wave Power has successfully secured funding through a SERIES A round amounting to USD 1.80 mn, supported by investors such as Prestellar Ventures and Small World Group, bringing the total amount raised to USD 1.80 mn and setting the current company valuation at USD 11.573 mn. The firm has completed a total of 2 deals.Third Wave Power specializes in innovative solar energy solutions aimed at enhancing quality of life for users. They offer a diverse range of products including solar charging solutions, solar home lighting systems, and solar outdoor lighting solutions. Their flagship products consist of portable solar chargers and kits, emergency power banks, and comprehensive solar microgrid power solutions tailored for both individual and community usage. These offerings are specifically developed to address energy challenges in off-grid areas, making renewable energy accessible for various clients, including those in Singapore, India, and Kenya.In 2023, Third Wave Power generated revenue of USD 3,959,931 with an EBITDA of USD 123,345. Their revenue streams primarily come from direct sales to consumers and partnerships with retailers and distributors, focusing on solar products that cater to the needs of different customer segments, including residential and business clients.Third Wave Power plans to expand its product line with new solar solutions, aiming to launch these innovations by mid-2024. The company is also targeting expansion into additional markets, specifically looking to enter African regions by the end of 2024. Recent funding from SEEDS Capital will be utilized to support these product development initiatives and facilitate market entry.

## Funding rounds

- Series A, Jan 30, 2019, $1.8M — Small World Group, Prestellar Ventures

## Investors

- Small World Group (https://capitalatlas.ai/funds/small-world-group) — Series A
- Prestellar Ventures (https://capitalatlas.ai/funds/prestellar-ventures) — Series A