Published: 19 August 2020 19 August 2020
WinJi, a Swiss start-up that developed the ‘True Power’ renewable energy asset management platform, has been awarded a €1.65 Million (CHF 1.8 M) loan guarantee by the Swiss Technology Fund.
This loan guarantee will facilitate WinJi’s upcoming debt-raising, with a view to accelerate the company’s growth and finance further platform developments.
The purpose of the Technology Fund guarantee is to bridge the gap between equity financing during the start-up phase and regular corporate loans for established businesses. It exclusively caters to Swiss-based cleantech Start-ups and SME that are already generating revenue and can show a reliable sales pipeline. By reducing lender’s risk, the loan guarantee will enable WinJi to access favourable borrowing terms.
Established in 2016, WinJi has developed an online asset management solution to optimise production and operate renewable energy portfolios more efficiently. The cloud based ‘True Power’ Platform solution is fully scalable and incorporates patent-filed anomaly detection methods. The company has already built a track record and has already analysed around 2GW of wind and solar assets on 3 continents.