Reneum
Reneum Labs is a platform that democratizes investment in renewable energy projects, making it possible for everyone to contribute to and benefit from a sustainable future. The platform offers multiple products including funding new renewable energy sites, purchasing equity in existing sites for immediate yields, lending capital to developers for monthly interest, and offsetting scope 2 emissions through digital…
Funding snapshot
About
Reneum Labs is a platform that democratizes investment in renewable energy projects, making it possible for everyone to contribute to and benefit from a sustainable future. The platform offers multiple products including funding new renewable energy sites, purchasing equity in existing sites for immediate yields, lending capital to developers for monthly interest, and offsetting scope 2 emissions through digital RECs. Reneum enables retail investors to earn attractive yields of 8-12% while project developers can release equity from existing assets to reinvest in future projects. The platform leverages blockchain technology and AI for transparency and security, with SCADA systems for real-time monitoring. Registered with the DIFC, Reneum is based in Dubai. Founded in 2018, headquartered in Singapore, Singapore, The company has raised $4.1M at the Seed stage, backed by investors including Outlier Ventures, Ajeej..
Business model
Air Pollution Management Tech > Carbon Management > Carbon Offset Trading Platforms > Blockchain Enabled
Team background
College Wise > Cornell University, University of Oxford, Columbia Business School
Institutional investors
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