BioEsol, a cleantech startup of Energy-as-a-Service (EaaS) solution, recently announced the arrival of BioEnergía in Mexico after closing a US$15 million dollar investment round, combining equity and debt, led by Ciri Ventures.
The company’s solution is designed to help industrial and commercial companies achieve energy independence through a subscription-based model with no upfront investment.
Mexico’s energy sector faces growing demand, limited infrastructure and key regulatory changes, creating opportunities for companies offering smart energy storage solutions, according to the company.
A growing market
The cleantech ecosystem in Latin America is gaining traction, fueling the growth of sustainability-focused startups. According to data from LATAM Cleantech 2025, during 2024 total funding for cleantech startups reached $120 million dollars.
Through a subscription model, BioEnergía Total integrates solar generation, AI-powered batteries, energy management software and flexible financing. This enables companies to reduce energy costs, avoid outages and optimize the use of renewable energy without the need for large infrastructure investments.
“The combination of AI-powered storage and an affordable financial model is the future of energy for businesses. We are democratizing access to clean, reliable energy, enabling high-consumption industries to adopt renewables without risk or upfront investment,” said Samuel Arriola, COO of BioEsol.
Likewise, Gabriel Bracamontes, CFO of BioEsol, emphasized the new reforms coming to the energy sector, which force a more sustainable integration of the industry. “Recent energy sector reforms make storage integration more necessary than ever,” he said.
The future of the company
With this launch from BioEsol the company hopes to establish strategic collaborations with organizations, investors and energy infrastructure developers interested in accelerating the transition to clean energy.
“We are now preparing for our $50 million Series A and additional debt financing to scale the adoption of BioEnergia Total throughout Mexico, Latin America and beyond, with more than $150 million in our project pipeline,” said Arriola in an email sent to Contxto.
In 2022, BioEsol won first place in the Heineken Green Challenge, which earned them a place in the “Heineken Acceleration Program,” operated by Tec de Monterrey’s Center of Excellence for Science and Technology-Based Entrepreneurship. During the program, they focused on product development, financing strategy and business growth to strengthen their project.
Ultimately, the funds raised will allow them to accelerate their expansion in Mexico and Latin America, focusing on deploying more than 100 projects in key sectors such as manufacturing, telecommunications, retail and logistics.
Add a comment
