Engie launches venture arm to help Asia-Pacific energy startups

Singapore

FRENCH energy giant Engie has launched a strategic venture arm eyeing energy startups in the Asia-Pacific, and aims to provide them with access to industry expertise and funding.

Engie Factory Asia-Pacific, as it has been named, said it is unable to reveal the size of its kitty for investing in startups; it simply said that Engie New Ventures, the company's venture capital arm, will provide "crucial funding" for startups to "scale quickly and effectively".