2023 Southeast Asia Climate Tech 50

HolonIQ’s annual list of the 50 most promising Climate Tech startups across Southeast Asia

Climate Tech Intelligence Unit

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November 7, 2023

The Southeast Asia Climate Tech 50 is HolonIQ’s annual list of the most promising startups working in new energy, the environment and sustainability.

The Southeast Asia Climate Tech 50 is focused on identifying young, fast growing and innovative climate tech start-ups across Southeast Asia. Powered by data and insights from our Impact Intelligence Platform together with qualitative assessments by HolonIQ’s Intelligence Unit, and local market experts in each region, organizations are evaluated and scored based on our eligibility and assessment criteria.

Exhibit 1

Download the Market Map. Companies are categorized by their main area of focus following the globalclimatelandscape.org

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HolonIQ’s 2023 Southeast Asia Climate Tech 50 is aligned to the Global Climate Landscape, an Open-Source Taxonomy that maps the global climate tech economy.

Exhibit 2

In the realm of Climate Tech VC funding, the Southeast Asian region raised a total of $725M, with Indonesia accounting for 67.4% of this total, where Smart Farming emerged as the leading cluster, underscoring the region's growth in this particular domain. Startups in the Food System subsector took the lead in the Southeast Asia Climate Tech 50, followed closely by Mobility. Subsequent subsectors included Carbon Markets and Storage & Distribution, with both having an equal number of startups, with a significant gap in representation. Within Food System and Mobility, Plant-based alternatives for Meat & Seafood and Micro Mobility took the lead, collectively representing over 40% of the list, while Singapore dominated the overall list.

Food System remains dominant in the HolonIQ 2023 Southeast Asia Climate Tech 200, with Mobility continuing to show steady growth

Exhibit 3

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Exhibit 4
Exhibit 5

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