Key Takeaways
- Agros has secured a USD 2 million working capital facility from EDFI ElectriFI.
- The financing will support Agros’ expansion in Indonesia and Cambodia.
- Funds will be used to scale Agros’ Pay-after-Harvest financing model for solar irrigation.
- The initiative aims to make solar irrigation pumps a bankable asset class.
- The investment supports emissions reduction, lower fuel costs, and improved farm incomes.
Agros Receives EDFI ElectriFI Support for Regional Expansion
Agros, a Singapore-based solar irrigation company, has received a USD 2 million working capital facility from EDFI ElectriFI, the EU-funded Electrification Financing Initiative managed by EDFI Management Company (EDFI MC). The financing will support Agros’ expansion in Southeast Asia, with a focus on Indonesia and Cambodia.
The facility is designed to accelerate deployment of solar-powered irrigation systems among small and medium-holder farmers, while supporting flexible financing mechanisms that reduce barriers to adoption.
Agros Expands Pay-after-Harvest Solar Irrigation Model
Working Capital to Support Farmers and Procurement
Founded in 2019, Agros assembles and distributes solar water pump systems that replace diesel-powered pumps and enable year-round irrigation. The company currently operates in Myanmar, Cambodia, and Indonesia.
The EDFI ElectriFI facility will fund Agros’ procurement cycle and support the scaling of its Pay-after-Harvest model. This approach allows farmers to invest in solar irrigation systems with repayment aligned to harvest periods, reducing upfront costs and financial risk.
The financing is also intended to support the transition of solar irrigation pumps into a recognized, bankable asset class, enabling local financial institutions to expand clean irrigation lending to farmers.
Rodrigo Madrazo Garcia de Lomana, CEO of EDFI MC, said the investment aligns with ElectriFI’s mandate to mobilize private capital for climate action and inclusive growth. He highlighted Agros’ role in linking clean energy deployment with farmer resilience and income stability.
Environmental and Economic Impact of Agros Solar Irrigation
Reducing Emissions and Fuel Dependency
Agros’ expansion is expected to reduce carbon emissions and local air pollution by replacing diesel irrigation pumps with solar-powered alternatives. In addition to environmental benefits, the systems lower farmers’ fuel and energy costs, helping stabilize operating expenses.
Improved irrigation access is also expected to support higher and more consistent crop yields, contributing to increased rural incomes across Indonesia and Cambodia.
Max Nelen, CEO of Agros, said the partnership supports the company’s mission to reduce risk and emissions for farmers. “From the moment a farmer decides to switch from diesel to solar, we are committed to being a trusted partner that helps them increase income while shrinking their carbon footprint,” he said.
Agros Builds on Early Traction in Indonesia
The investment builds on Agros’ earlier pilot projects in Indonesia, where demand for clean and affordable irrigation solutions has shown strong potential. EDFI ElectriFI stated that the facility is intended to support scalable models that combine renewable energy technologies with inclusive financing across emerging markets.
With the new funding, Agros aims to strengthen its regional presence while contributing to lower-emission agricultural systems and more resilient food production in Southeast Asia.
