Wednesday, 29 July 2026 · SEA Deal Ticker

SEA Deal Ticker Wed, 29 Jul

Outside capital prices SEA's power, its patents and its risk.

Malaysia's data-centre boom needed lenders, not landlords: AirTrunk raises $2.33B for 420MW in Johor — TNGlobal

IFC and DBS anchor $2.325 billion of green project financing for the JHB2 campus, AirTrunk's largest single-asset raise and the biggest for one Malaysian data centre. Design power usage effectiveness is 1.37.

Positive-sum angle: Johor's megawatts now price on green terms rather than one-off bilateral debt, which hands the next regional developer a financing template instead of a negotiation.
Singapore held the patents under a solar standard: T1 Energy buys Evervolt's TOPCon portfolio for $135M — TNGlobal

The US manufacturer takes full ownership of foundational TOPCon cell and module patents it previously licensed from Evervolt Green Energy Holding, paying $2 million upfront and $133 million across four instalments due October.
Covering gig workers was never the profitable part: Malaysia's PolicyStreet raises $26M after reaching profit — TNGlobal

Japan's Cool Japan Fund leads the Series C alongside Khazanah Nasional, BlueOrchard, Altara Ventures and Gobi Partners. The embedded-insurance platform serves over 5 million customers and more than $10 billion in sum insured.

Positive-sum angle: Riders, sellers and SMEs get cover priced into the platform they already use, and the forty-odd underwriters behind it reach customers no branch network was ever going to find.