Canopy Power Pte Ltd

Canopy Power Pte Ltd provides renewable microgrid systems focused on businesses and communities in remote areas, offering sustainable energy solutions that replace diesel generators with clean energy sources. Founded in 2016 and headquartered in Singapore, Canopy Power Pte Ltd specializes in renewable energy solutions. The company has raised a total of USD 1. 00 mn through 3 deals, with its most recent funding coming from Total Ventures in a Series A round on January 29, 2021.

The CEO is Lindsay Jones, and the company was founded by Sujay Malve, who has a background in renewable energy ventures. Canopy Power Pte Ltd specializes in renewable microgrid systems tailored for businesses and communities in remote regions. Their primary offerings include electricity solutions that utilize renewable energy sources such as photovoltaic systems, wind energy, and hydro power, designed to replace traditional diesel generators. The company serves diverse clients across Southeast Asia, Australia, the Pacific Islands, and the Caribbean, including remote communities, commercial enterprises, and industrial facilities.

In the most recent fiscal year of 2023, Canopy Power Pte Ltd generated a revenue of USD 2,651,306 and reported EBITDA of USD 634,784. The company primarily engages in B2B transactions, structuring partnerships to provide tailored energy systems and incorporating maintenance into their contracts. Canopy Power aims to expand its product line by developing new renewable energy solutions set to launch in 2024, targeting markets in Africa and South America for geographic expansion by the end of 2025. The recent Series A funding of USD 1.

00 mn will support these initiatives, enabling the company to enhance product development and market entry efforts.