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SP Group is a prominent Asia Pacific utilities provider, operating electricity and gas transmission and distribution networks. As Singapore's national grid operator, it ensures reliable services. The company also develops smart, low-carbon energy solutions, including district cooling, solar integration, electric vehicle charging, and digital platforms to optimize energy use.
Established October 1, 1995, SP Group originated from the corporatization of Singapore's Public Utilities Board's electricity and gas departments. This governmental decision created an entity managing the nation's essential power infrastructure. Its inception reflected foresight to modernize utility provision and enhance energy security.
SP Group serves residential and business utility customers in Singapore and Australia, and provides sustainable energy solutions to commercial and industrial clients across Singapore, China, Vietnam, and Thailand. Its vision is to be a leading regional sustainable energy provider, empowering the future of energy through innovative, integrated, low-carbon technologies.
SP Group has 1 tracked investment across 1 company. The latest tracked deal is $50.0M Series C in The Mobility House in November 2022.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Nov 3, 2022 | The Mobility House | $50.0M Series C | Jochen Wermuth, Jean François Steels, MO EL Husseiny | Alliance Venture, Daimler, Mitsui |