Sunseap

Acquired

Singapore, Singapore · Founded 2001 · $28.1M raised

Headquarters
Singapore
Employees
201–500
Founded
2001
Business Model
B2B
Total Funding
$28.1M
Last Round
$4.8M Series EMar 2021
Rounds
5
Acquisition Date
Nov 2021

About

Sunseap Group is Singapore's largest and most established clean energy solutions provider, offering comprehensive solar energy services including design, installation, financing, and operation of photovoltaic systems for commercial, industrial, and residential clients across Southeast Asia. Founded in 2001 by Frank Phuan and Lawrence Wu, the company operates grid-connected solar farms, floating solar installations, and rooftop systems with a pipeline exceeding 10 GW across the region. Sunseap was acquired by EDP Renewables in November 2021, becoming part of the world's fourth-largest renewable energy company.

Summary

Sunseap is a Climate Tech company based in Singapore, Singapore, founded in 2001. It has raised $28.1M in total across 5 rounds, most recently a $4.8M Series E round in Mar 2021. Investors include ABC Impact, ISOTeam and TRIREC.

Funding History

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AcquisitionNov 2021
$694.0M

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Series A through Acquisition — per-round amounts, valuations, and who invested in each round.

Investors

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