The new funding will be focused on expansion efforts and growing iSTOX’s investment offerings. Singapore-headquartered digital securities platform iSTOX has closed its Series A fundraise at US$50 million, the company announced in a statement yesterday. With the close, the company welcomes four [...]
Financing integrated, inclusive, and sustainable waste management.
Blue Planet Environmental Solutions announced today that it raised US$25M in corporate funds from Asian global investment bank Nomura’s Loans and Principal Investments Area. The company said in its statement that the investment will help Blue Planet develop waste management solutions that are integrated, socially inclusive, and sustainable.
“The recent investment by Nomura will help Blue Planet expand our products and services, and provide circular economy solutions for sustainable waste management,” said Madhujeet Chimni, co-founder of the Singapore-headquartered Blue Planet.
He continued, “Together, we aim to deliver our vision of ‘zero waste to landfill’, which is a long-term ambition to eliminate waste from business activities, downstream consumption and waste handling processes. For us, this means developing capabilities to process all the waste produced through reusing, upcycling, recycling or energy recovery.”
Blue Planet is looking to make impact on the Asia-region scale, the statement said. It pointed out that solid waste, particularly plastic and organic waste, is a major challenge for fast-paced developing countries.
“We will re-invent the way municipalities and companies around the world deal with resource recovery and waste. We operate with a triple bottom line approach that benefits people, planet and creates prosperity,” Chivukula added.
It further said that Blue Planet delivers on 15 of the United Nation’s global Sustainable Development Goals. Asia has to catch up on at least three of those goals–clean water and sanitation, decent work and economic growth, and responsible consumption and production.
Chimni added that such an endeavor will help developing countries in Asia to achieve “long-term sustainable growth.” The statement said that the company’s waste generation-to-recovery model aims to create a benchmark in waste management systems.
Nomura’s investment is the latest in a line of strategic moves by Blue Planet, including acquisitions of three environmental and waste-specific solutions providers in India, two from the United Kingdom, and one in Malaysia. The company also has offices in Vietnam. Private equity fund Neev Fund is a key investor in the waste management solutions company.
Aadit Seshasayee, Head of the Loans and Principal Investments Area, Asia at Nomura said, “Environmental, Social and Governance (ESG) opportunities have been a key focus area for Nomura and Blue Planet through its solutions is leading the waste management space across Asia. Blue Planet’s technologies and offerings make it a frontrunner in achieving the zero waste to landfill vision.”
Last year, the company acquired UK-based e-waste tech company Smart Creative, and India-based waste processing firm Xeon Waste Managers.