Dr. PohHui Chia, Director at Vickers Venture Partners, emphasized the firm’s mission to invest in deep tech companies that tackle critical global challenges while generating meaningful social and environmental impacts; and exemplified Eavor as a company that can help achieve those goals.
The article explains Eavor’s aim to provide a clean, consistent energy source without emissions, fracking, or a significant surface footprint. Therefore, Eavor’s technology mitigates challenges traditional geothermal sources have faced in the past, the most prominent being global scalability.
Vickers’ investment in Eavor is substantial to the distribution and development of geothermal energy that can be accessed virtually anywhere across the planet. The firm has reflected on its commitment to responsible investing, ensuring that its portfolio yields financial returns and contributes to long-term environmental sustainability. Vickers integrates Environmental, Social, and Governance (ESG) considerations into its investment decisions, influencing both the selection and operation of the companies they back.
Furthermore, the firm expressed that it prioritizes companies that demonstrate a strong potential for innovation and disruption within respective industries, including uniqueness of technology, robust IP portfolios, scalability, and a team that has a sophisticated understanding of the market.
Looking ahead, Vickers plans to focus on sustainability and cutting-edge technologies, including artificial intelligence, biotechnology, and advanced materials. The firm has expressed dedication to supporting startups that drive innovation and positive global change, particularly in the underserved markets of Southeast Asia.
