EcoWorth Tech is one of the finalists in Startup Arena Pitch Battle 2021



[From Tech Asia]

Last week, Tech in Asia held the Singapore semifinals for Startup Arena Pitch Battle 2021 in partnership with venture capital firm East Ventures.

Five startups gave their pitches in front of more than a thousand viewers and a panel of three investor-judges: Zhengyi Zhu, senior investment associate of East Ventures; Hsu Ken Ooi, managing partner of Iterative; and Benjamin Pippin, channel director of Big Idea Ventures.

Judged based on the clarity of their ideas and business models, as well as how worthy they are of investment, the startups were each given five minutes to make their best pitches and another five minutes to answer questions.

Cleantech startup EcoWorth Tech presented the winning pitch, bagging the company a one-week trial to App Annie Intelligence Lite and a US$2,500 cash prize sponsored by DBS Bank. Battery technology developer Volt14 was the runner-up. The two startups, along with the rest of the semifinalists, also earned attractive prizes from Google Cloud and Xendit.

Here’s an overview of the five startups that pitched during the Singapore semifinals.


Solar AI



The solar energy industry is at an inflection point. Costs have fallen 89% in the past decade, making it the cheapest form of energy.

But switching over to solar requires a significant upfront cost, and it takes about five to seven years to break even. This is the main reason that solar energy penetration in the region is still at less than 3%.

And though models that offer zero upfront costs have emerged in recent years, they mostly only cater to large-scale projects that require more than a thousand solar panels, leaving 80% of the addressable market unserved.

Solar AI aims to fill this gap, offering solutions to smaller-scale projects that don’t require them to shell out cash directly. The startup says that the market opportunity stands at US$80 billion.


GreenArc Capital



Over the last decade, the demand for investments in sustainable ventures has grown exponentially, with total assets under management estimated to be at US$26 trillion in 2020.

That number is expected to rise even further, prompting institutional investors, regulatory bodies, and consumers who are conscious of environmental, social, and governance (ESG) practices to step up the pressure on financial institutions to measure their ESG footprint.

With the varied standards of ESG reporting within the industry, GreenArc Capital provides credible and transparent impact measurement and reporting, helping financial institutions maximize the contribution of their debt portfolios toward having a positive impact on society and the environment.


Frankie



Everyone feels stress, but not everyone understands or knows how to cope with it. The high cost and lack of accessibility to treatments, coupled with limited awareness and the stigma around professional help, make it even more difficult for people to take care of their mental health.

Given these hurdles, it isn’t surprising that 78.9% of mental health conditions went undiagnosed and untreated in 2020 alone, according to mental health and wellness platform Frankie.

But what if people could be rewarded for taking better care of themselves? That’s the question the company asks and hopes to answer. By leveraging daily challenges and a vast wellness ecosystem, Frankie bridges the pre-consultation and post-consultation process, helping users control stress, increase resilience, and boost self-esteem.


Runner-up: Volt14



One of the biggest roadblocks standing in the way of an electric-powered future is that today’s batteries are not up to the task.

For one, they’re expensive: Batteries account for almost 30% of the costs in electric-vehicle manufacturing and up to 90% of the costs in stationary energy storage systems.

Batteries also don’t store enough energy for their size. The massive ones that buses, forklifts, and other fleet applications use don’t have enough charge to last a whole shift, decreasing operational efficiency. In consumer electronics, bulky batteries limit the design possibilities for mobile phone developers.

Volt14 hopes to change that. The company develops battery material technologies that reduce the cost of batteries by up to 30% and improve energy density by up to 40%. As such, its tech can make personal and fleet electric mobility more cost-competitive and drive up the adoption of energy storage systems needed for clean energy grids.


Winner: EcoWorth Tech



Organic contaminant removal is a costly, suboptimal, and inefficient endeavor. Furthermore, some existing solutions generate secondary waste.

As such, approximately 80% of the world’s wastewater is dumped – largely untreated – back into the environment.

EcoWorth Tech aims to solve that problem. The cleantech startup’s technology integrates seamlessly into the latest water remediation processes in a cost-efficient manner. It also uses biomass waste for the production of the carbon fiber aerogel technology, providing environmental benefits and waste-to-worth opportunities.



Catch the finalists at Tech in Asia Conference 2021

As the top contenders of the Singapore semifinals for Startup Arena Pitch Battle 2021, EcoWorth Tech and Volt14 will proceed to the final competition at the Tech in Asia Conference 2021 on October 13. They will go up against the finalists from the Indonesian and Southeast Asian battles for a chance to win the grand prize of US$10,000 in cash.

Get your tickets to Tech in Asia Conference 2021 to watch the Pitch Battle finalists make one last push, partake in insightful sessions, and build your network in the Asian tech and startup scene.

East Ventures is a pioneering sector-agnostic venture capital firm in Indonesia. Founded in 2009, East Ventures has transformed into a holistic platform that provides multi-stage investment, including seed and growth, for over 190 companies in Southeast Asia.

Learn more about East Ventures on its website.

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