Bioenergy Pte. Ltd. entered into an investment agreement for the placement of 276,162 common shares at an issue price of SGD 4.707381 for gross proceeds of SGD 1,300,000 on January 26, 2024. The transaction included participation from new investor, Matex International Limited for 276,162 shares for approximately 19.120% stake.

The round is being raised at a post-money valuation of SGD 6,800,000.