Loading organizations...
Key people at SOL-X.
SOL-X develops and provides behavioral-based safety solutions specifically for the maritime and energy sectors. The company leverages Industrial Internet of Things (IIoT) capabilities and data analytics to enhance safety outcomes and operational excellence onboard vessels. Its core product, SAFECUE.ai, integrates an advanced Control of Work system with a comprehensive approach to managing human factors, aiming to protect workers and optimize performance.
The company was founded in Singapore in 2019 by Nigel Koh, its current CEO. Koh’s insight stemmed from recognizing the critical role of human factors in maritime accidents and the potential of emerging technologies like IoT and AI to revolutionize traditional safety management and operational practices within these high-risk industries. His vision was to create a data-driven platform to proactively address safety challenges.
SOL-X serves leading companies within the global maritime and energy industries, offering solutions designed to improve well-being, health, and safety for their crews. The company’s long-term vision centers on transforming safety management through technology, ensuring safer working environments while concurrently driving enhanced operational efficiency and productivity for its diverse clientele.
Key people at SOL-X.
SolX Technologies Inc. is a Philippine energy tech startup founded in 2023 that provides an end-to-end digital energy solutions platform for industrial and commercial sectors, particularly SMEs and large businesses.[1][4] It simplifies energy procurement, management, and efficiency reporting by enabling supplier-buyer matching under the Retail Competition and Open Access (RCOA) and Green Energy Option Program (GEOP), delivering over PHP 400 million in energy savings to more than 50 clients like Converge ICT and Digital Edge Philippines.[1][4] As the first startup backed by the Philippine government's Startup Venture Fund (SVF) via the National Development Company (NDC), alongside Japanese investor Real Tech Holdings, SolX supports businesses in reducing costs and emissions for sustainability.[1][4]
The platform addresses high energy costs and complexity in the Philippine market by revolutionizing procurement and promoting renewable transitions, with early traction including P11 million (~$190K) in funding from government and private sources.[1][4]
SolX Technologies emerged from Ateneo de Manila University's startup incubation program, founded in 2023 by Ateneo alumni in Makati City, Philippines.[1][4] Led by CEO Sergius Santos and COO Matt Tan, the idea stemmed from the need to simplify energy procurement amid regulatory shifts like RCOA and GEOP, helping businesses like Ateneo secure optimal electricity contracts from renewable sources.[1][4]
A pivotal moment came in October 2023 when SolX became the first recipient of the Philippine government's SVF investment from NDC—marking the fund's debut—plus co-investment from Real Tech Holdings, enhancing its credibility and global benchmarking potential.[1] Early funding totaled $190K from investors including SLINGSHOT x Venture Pilipinas Pitch Competition, UntroD Capital, Foxmont Capital Partners, and Leave a Nest Capital, fueling rapid client growth.[4]
SolX rides the global energy transition trend toward renewables and digitalization, amplified in the Philippines by rising business energy costs, regulatory liberalization via RCOA/GEOP, and government pushes for domestic startups.[1][4] Timing is ideal amid Southeast Asia's sustainability mandates and post-pandemic efficiency demands, with market forces like volatile prices and net-zero commitments favoring platforms that cut costs (e.g., PHP 400M savings) while enabling green procurement.[1]
It influences the ecosystem by pioneering gov't-backed deep tech in energy, inspiring SVF deployments and attracting foreign VC like Real Tech, while supporting industrial leaders in decarbonization—potentially scaling RCOA adoption across sectors.[1][4]
SolX is poised for expansion with government credibility and proven ROI, likely targeting more enterprise clients and international benchmarking via Real Tech ties. Trends like AI-driven energy optimization and stricter emissions rules will propel growth, evolving its role from local innovator to regional sustainability leader. As the Philippines' energy market liberalizes further, SolX's platform could redefine procurement efficiency, delivering scalable savings and green impact at the intersection of tech and climate urgency.[1][4]
