#Japan #decarbonization #Renewable Energy #Chūō City #Enerbank

Enerbank's Remarkable Funding Journey

Enerbank, headquartered in Chuo City, Tokyo, has marked a significant milestone by securing a total of 820 million yen in its Series B funding round. This includes an initial close of 580 million yen and subsequent additional funding from key investors. Notably, prominent players such as SMBC Venture Capital, Mizuho Capital, Mitsubishi UFJ Capital, and Dai-ichi Life Insurance joined forces in this round, signaling strong support for Enerbank's vision of accelerating the decarbonization of businesses and local communities.

Key Highlights of the Funding

• - Total Funding Amount: The Series B round has successfully raised a cumulative total of 820 million yen (580 million yen from the first close plus additional funds from the second close).
• - Diverse Investor Participation: This round saw participation from Japan’s three major megabank venture capitals and a leading life insurance company, illustrating a robust investor interest in Enerbank's mission.
• - Impact Investment: SMBC Venture Capital specifically provided funding under its impact investment framework, recognizing the societal benefits of Enerbank's initiatives.
• - Focus on Decarbonization: This funding will enable Enerbank to further expand its support for electricity procurement DX (Digital Transformation) and renewable energy utilization initiatives.
• - Strengthening Partnerships: The emphasis will be on enhancing adoption among enterprises and government entities, reflecting a commitment to collaborative growth.

Purpose Behind the Fundraising

The urgency of promoting GX (Green Transformation) in Japanese companies cannot be overstated. The optimization of electricity procurement and decarbonization are top challenges faced by many corporations and local governments. Enerbank's mission is centered on simplifying energy procurement to contribute to the creation of new value for humanity. The influx of funds will channel into:
1. Product Development Enhancement: Transitioning to a compound energy data platform by integrating multiple products.
2. GX Support Program Expansion: Increasing support menu for enterprises and public institutions, along with launching new businesses targeted at electricity and solar power suppliers.
3. Talent Acquisition and Organizational Strengthening: Hiring initiatives focused on product development and sales in local and enterprise sectors, while accelerating partnerships with financial institutions, trading companies, and infrastructure firms.

Business Growth Evidence

Enerbank has made substantial strides in implementing its electricity procurement platform, which leverages the reverse auction model known as "Eneok." This platform effectively addresses procurement challenges for power users. Additionally, "Enepark," forming the backbone of multiple services, optimizes procurement for clients.

Investor Perspectives

SMBC Venture Capital

Hidaka Imai from SMBC Venture Capital highlighted the company's commitment to easing the burden of greenhouse gas reduction on businesses while alleviating the administrative load on decision-makers. The company appreciates Enerbank's provision of free services to power users, particularly through "Eneok," which not only promotes decarbonization for corporate clients but also streamlines complex procurement processes through DX. The successful collaboration with various municipalities and large corporations reflects Enerbank's positive impact on society.

Mizuho Capital

Ryan Kobayashi from Mizuho Capital expressed pride in partnering with Enerbank, which showcases a consistent record of contributing to the decarbonization and cost optimization of local governments and private enterprises. The team's deep expertise and credible reputation promise significant growth and innovation moving forward,

Mitsubishi UFJ Capital

Koichi Hatano and Kota Ko from Mitsubishi UFJ Capital commended Enerbank's innovative approach in providing solutions that simplify the complexities of electricity procurement for municipalities and companies. They expect continued growth through enhanced product development and outreach initiatives.

Dai-ichi Life Holdings

Masashi Kataoka emphasized the importance of supporting startups with sustainable solutions that address rising energy costs. Enerbank's focus on customer-oriented sustainable solutions is highly praised, reflecting the promising growth of its services tailored to support the realization of a carbon-neutral society.

Conclusion

Enerbank is at the forefront of transforming electricity procurement processes while committing to empowering businesses through sustainable energy solutions. With its recent funding, the company's mission extends beyond financial growth to impact broader societal change through the promotion of decarbonization initiatives.

Collaborate and Join Us

Enerbank invites corporations and public institutions to implement their products and services. For inquiries on business collaborations or partnerships, please visit: Contact Us.
Additionally, Enerbank is seeking passionate individuals to join as partners in building a decarbonized future through its power procurement platform. Explore career opportunities here: Join Us.

Company Overview

• - Company Name: Enerbank, Inc.
• - Executives: Kenichi Muranaka (CEO) and Jo Go Sato (Co-Founder)
• - Established: July 2018
• - Location: 2-1-17 Nihonbashi, Chuo City, Tokyo, 103-0027
• - Phone: 03-6868-8463
• - Employees: 62
• - Business Activities: Development and management of the reverse auction system "Eneok," planning and sales of environmental value platform "Green Ticket," supporting solar energy system installation, and operating the concierging service "Enepark" for energy procurement and decarbonization.
• - Website: Enerbank Official Site