Vilasia Advises SmartSolar on US$1.85 Million Seed Round Led by Picus Capital and 2degrees

Ho Chi Minh City, 14 March 2025 – Vilasia successfully advised SmartSolar on its US$1.85 million seed funding round, co-led by Picus Capital and 2degrees, with participation from Iterative. The investors bring extensive global expertise in EnergyTech investments, having backed European unicorns like Enpal. Bird & Bird acted for 2degrees, while Quahe Woo & Palmer acted for Picus Capital.

SmartSolar’s innovative zero-upfront-cost model empowers SMEs throughout Southeast Asia to swiftly adopt rooftop solar solutions, facilitating a clean energy transition without financial barriers.

Vilasia revised and negotiated the investment agreements and provided strategic advice to SmartSolar and its founder, working around the clock to ensure a swift closing of the deal.

“At Vilasia, we love supporting bold founders, especially those driving sustainable innovation. Backing SmartSolar in securing this funding is exactly the kind of work we thrive on”, said Ngu Truong, Vilasia’s Managing Partner.

This deal is another example of Vilasia’s commitment to renewable energy projects, complementing the insights shared through our series, “Vilasia Watt Weekly”, powering informed decisions in Vietnam’s energy landscape.

About Vilasia Law Firm

Specialising in M&A, startup funding, and sophisticated corporate and finance transactions, Vilasia combines youthful energy with seasoned expertise, delivering solutions rooted in Vietnam yet guided by global insights. Welcome to Vilasia, where innovative thinking meets grounded counsel.

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