Swiss impact investor responsAbility has committed to investing up to US$15 million in August Energy, a Singapore-headquartered energy-as-a-service ( EaaS ) platform with operations in India, Thailand and the Philippines.

The deal is aimed at scaling distributed renewable energy infrastructure across India and forms part of responsAbility’s broader US$500 million climate investment strategy for Asia.

The structured financing facility will support August Energy’s fast-growing pipeline of rooftop solar and integrated utility projects, particularly in India’s commercial and industrial ( C&I ) sector.

The company’s core offerings include cooling-as-a-service and steam-as-a-service, targeting high-consumption verticals like manufacturing, fast-moving consumer goods, pharmaceuticals and data centres.

With the funding, August Energy plans to expand its installed capacity to over 1 gigawatt ( GW ) within five years, positioning it as a meaningful contributor to India’s national renewable target of 500GW. The company’s model provides corporates with capital-free, turnkey decarbonization solutions.

The investment, responsAbility states, underscores its strategy of backing scalable infrastructure platforms capable of delivering measurable CO2 reductions across high-growth Asian markets.

August Energy is backed by institutional investors, including Aravest and SMBC’s SDIEF fund, as well as Green Tower, promoted by Green Giraffe and Daiwa Securities.

The transaction, responsAbility says, adds to the growing investor confidence in decentralized energy platforms with robust execution in Asia.

“August Energy is a well-positioned platform for decentralized energy solutions in the region,” states Sameer Tirkar, responsAbility’s head of climate infrastructure investments for Asia-Pacific. “The investment aligns with our strategy of driving emissions reduction at scale.”

Michael Brown, August Energy’s chief investment and financial officer, adds: “This first structured financing, delivered in partnership with responsAbility, marks a key milestone for our business. The facility gives us flexibility to execute on our growing project pipeline in India over the next 12 months.”