Xurya: Pioneering solar power as a service in Indonesia with a leasing model

Xurya solar panels installed at the top of the Plaza Indonesia building, Jakarta. ©Xurya

Targeting corporate customers without need for any upfront payment, two-year-old Xurya has already attracted major clients, and investment from Clime Capital’s impact investment fund SEACEF

Unlike typical solar panel vendors that sell and install solar power systems, Indonesian startup Xurya offers solar power to corporate clients as Hardware-as-a-Service (HaaS) via a leasing model. No down payment is needed, allowing companies to install solar panels with no upfront costs.Since its launch in 2018, Xurya has delivered 20 projects with a multi-megawatt power generation portfolio. It has also added some prominent names to its client list, including unicorns Tokopedia and Traveloka, logistics giant MGM Bosco and a Jakarta shopping mall, Plaza Indonesia. According to Xurya’s Dir...
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