Singapore startup raises $30m to let you buy electricity on the blockchain

Electrify, a Singapore-based startup that aims to use a blockchain to let consumers buy electricity from energy retailers and other consumers, has raised US$30 million in under 10 days via a token sale. This makes it one of the largest token sales from a Singapore company on record, according to Tech in Asia. Electrify uses a proprietary engine and a blockchain to collect and display retail electricity offers. This helps consumers stay more informed about the choices they have. The funds raised will be used to expand into other markets including Southeast Asia, Japan, and Australia.

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