Helios
Helios is a climate technology company headquartered in Southeast Asia, established in 2023. The company provides solar energy financing solutions aimed at facilitating the adoption of solar photovoltaic (PV) systems for residential use.
History
Helios was founded as part of Wavemaker Impact, a venture builder initiative supporting climate technology startups in Southeast Asia. According to the Singapore Economic Development Board, Wavemaker Impact aims to foster scalable solutions addressing regional climate challenges.[1]
Solar Mortgage Program
In 2023, Helios introduced a solar mortgage program in collaboration with the Bank of the Philippine Islands (BPI). The program allows homeowners to finance solar panel installations through their existing home loan structures, with loan amounts ranging from ₱400,000 to ₱10 million. The program is designed to reduce the upfront costs typically associated with solar installations.
In 2024, Helios expanded its efforts by partnering with Security Bank to offer similar solar financing solutions, as part of a broader trend toward integrating renewable energy into financial products.[2][3][4][5]
Partnerships
Helios collaborates with financial institutions such as BPI and Security Bank to integrate solar financing into home loan products. These partnerships aim to simplify the adoption of solar energy for homeowners.
Additionally, the company works with solar installation firms such as Solaric, Buskowitz, and SolarNRG, to ensure proper installation processes. Solar panels used in these projects are sourced from manufacturers like LONGi Green Energy Technology Co. Ltd. Most installations come with a 25-year warranty, providing reliability and longevity for homeowners.
Funding
Helios has received funding from Wavemaker Impact, a Singapore-based venture capital firm focused on climate technology in Southeast Asia. This funding supports Helios's objective to increase solar energy adoption in the region by providing accessible financing solutions to homeowners.[6][7][8]
References
- ^ "How Venture Builder Wavemaker Impact is Unlocking the Potential of Climate Tech in Southeast Asia", Singapore Economic Development Board.
- ^ "Filipino Innovation: Solar Mortgage Launches in Asia", The Philippine Business News, February 16, 2024.
- ^ "Asia’s 1st Solar Mortgage Program: Switching to Solar Made Easy", Malaya Business Insight, February 2024.
- ^ "Helios Launches Asia’s First Solar Mortgage Program for Homeowners", Manila Standard, February 2024.
- ^ "Asian Fintech Firm & BPI Offer Premiere Solar Home Mortgage", Manila Bulletin, February 7, 2024.
- ^ "Wavemaker Impact's Climate Commitment", Wavemaker VC.
- ^ "Investment from Wavemaker Impact", Climate Tech Investor.
- ^ "How Venture Builder Wavemaker Impact is Unlocking the Potential of Climate Tech in Southeast Asia", Singapore Economic Development Board.
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