British International Investment

Wavemaker Impact Sub-Fund 1

AustraliaIndiaIndonesiaPhilippinesSingaporeThailandVietnamRest of the WorldBusiness and consumer servicesConstruction and real estateFinancial servicesFood and agricultureHealthInfrastructureManufacturingTechnology and telecoms

Wavemaker Impact is the first VC climatech venture builder in Southeast Asia, building ‘100×100’ companies that have the potential to reach more than USD 100 million in annual recurring revenue and abate more than 100 megatonnes of GHG emissions at scale.

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 01 $6m Rest of the World Business and consumer services, Construction and real estate, Financial services, Food and agriculture, Health, Infrastructure, Manufacturing, Technology and telecoms November 2023 Active

Investments made by this fund into companies:

Investment name Country Region Sector Start date Status
10ants Enterprise Pte Ltd Thailand Rest of the World Construction and real estate March 2025 Active
Arysun Energy Group Pte. Ltd. Indonesia Rest of the World Infrastructure March 2025 Active
Biora Energy Private Limited India South Asia Infrastructure December 2025 Active
BumiBaru Pte. Ltd. Indonesia, Vietnam Rest of the World Business and consumer services December 2023 Active
GBN Food Solutions Pte Ltd Indonesia Rest of the World Business and consumer services March 2024 Active
Helios Solar Pte. Ltd. Philippines Rest of the World Infrastructure December 2023 Active
HiFeed Indonesia Rest of the World Food and agriculture September 2024 Active
Lumio Solar Pte. Ltd. Singapore Rest of the World Infrastructure December 2025 Active
Metroelectro Pty Ltd Australia Rest of the World Infrastructure March 2024 Active
Muun AI Pte. Ltd. Indonesia Rest of the World Technology and telecoms March 2026 Active
Neoterra Innovations Private Limited India South Asia Manufacturing June 2025 Active
Nul Global Technologies Pte. Ltd. Singapore, Vietnam Rest of the World Manufacturing March 2025 Active
Numat Pte. Ltd. Philippines Rest of the World Manufacturing June 2024 Active
Octayne Green Fuel Pte Ltd Indonesia Rest of the World Infrastructure March 2024 Active
Refy Pte Ltd Singapore Rest of the World Financial services March 2024 Active
RegenX Impact Pte. Ltd. Indonesia, Vietnam Rest of the World Financial services December 2023 Active
Rize Pte. Ltd. Indonesia, Vietnam Rest of the World Food and agriculture December 2023 Active
Valtor Pte. Ltd. India South Asia Technology and telecoms September 2025 Active
Virdalis Pte Ltd Philippines Rest of the World Health March 2026 Active
WasteX Pte. Ltd. Philippines Rest of the World Business and consumer services December 2023 Active
Zentide Pte. Ltd. Fund Indonesia Rest of the World Health March 2025 Active

Subscribe to receive our latest news and updates

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookies should be enabled at all times so that we can save your preferences for cookie settings.

Analytics Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Enabling these cookies helps us to improve our website.