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MediSun Energy, one of the pioneers behind advanced osmotic (blue) energy, has closed a Seed funding round worth US$8.75 million, from which US$5 million was in the form of venture debt and US$3.75 million as equity financing. This gives the company a valuation of US$44 million. Its landmark transaction was facilitated by Vynn Capital, a Southeast Asian venture capital firm supported by Malaysian institutional investors, with other regional partners contributing to this milestone.
The investment was led by Vynn Capital’s Mobility and Supply Chain fund, and several new investors joined the round, including MOAJ Holding, a prominent Saudi investment group; Frank Phuan; TNB Aura, a VC firm based in Singapore; and Ciri Ventures, a climate tech-focused firm. MOAJ Holding pledged up to US$30 million for the joint venture in Saudi Arabia to help the company advance its local operations.
The partnership will drive the growth of MediSun in the MENA region, with an aim at enhancing its research and development capabilities. The company will establish two new facilities: a membrane production facility and a stack production facility, which, without a doubt, would form the backbone to scale up its osmotic energy solutions.
Dusun Kim, Founder & CEO of MediSun, expressed the company’s commitment to advancing sustainability, stating, “Our zero-brine technology not only provides clean energy but also helps tackle environmental challenges, making the world greener and more sustainable.”
Victor Chua, a Managing Partner at Vynn Capital, focused on how the strategic importance of MediSun is in tackling water scarcity and net-zero carbon goals. He highlighted the potential for osmotic energy: “I really feel that the future of mobility, of manufacturing, to really tap fully into that future growth, needs energy efficiency.”.
This also places MediSun and Vynn Capital at the forefront of Southeast Asia’s fast-growing water technology market as the region seeks innovative solutions to deal with sustainability challenges.
About MediSun Energy
MediSun Energy pioneers clean energy solutions with cutting-edge osmotic technology, making renewable energy from water desalination processes. Dedicated to achieving a carbon-neutral future, MediSun’s mission is to deliver sustainable energy solutions that contribute to a cleaner, greener world.
