CHAKRA GROWTH FUND FIRST TRANCHE UNVEILED, CLOSED DECEMBER 2023

KUALA LUMPUR, Jan 9 (Bernama) -- Chakra Growth Fund, a pioneering initiative committed to accelerating the transition to a low-carbon future, has launched and closed the first funding tranche in December 2023.

According to a statement, the fund aims to contribute to a more resilient future by investing in companies with cutting-edge technologies, clean energy solutions, and sustainability initiatives.

With a mission to foster sustainable practices and combat climate change, the Chakra Growth Fund is set to become a driving force in supporting innovative companies across energy, mobility, buildings, and industrials.

As the global community grapples with the urgent need to reduce carbon emissions and mitigate the impacts of climate change, the fund emerges as a dedicated financial instrument poised to make a significant impact.

“Chakra Growth Fund aims to decarbonise traditional markets by providing emerging and growth capital to businesses that measure and reduce carbon/greenhouse gas (GHG) emissions globally all the while adding profitability to the value chain.

“We have assembled an experienced set of investment professionals to find the best investments that will have significant impact and return,” said its Founder and Managing Director, Sri Purisai.

Among the key highlights of Chakra Growth Fund are its strategic investments in projects and companies focused on decarbonisation, renewable energy, energy efficiency, and sustainable practices; as well as actively seek opportunities globally.

The fund will forge partnerships with key stakeholders to create a collaborative ecosystem that fosters sustainable development and is committed to transparency and accountability, ensuring that all investments align with rigorous standards.

By providing financial support and strategic guidance, the fund aims to catalyse the development and implementation of solutions that will contribute to a sustainable and resilient future for generations to come.

-- BERNAMA