# Dubai Electricity and Water Authority

> Dubai Electricity and Water Authority is a VC fund backing Energy and Retail. See 3 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Total investments: 3
- Last investment: Feb 2026
- Lead investor: 67%
- Last updated: Aug 2026

Dubai Electricity and Water Authority is a VC fund focused on Energy and Retail.

## Contacts

5 contacts available for Dubai Electricity and Water Authority. Shizune tracks 3 team members at Dubai Electricity and Water Authority. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/dubai-electricity-and-water-authority?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Energy | 2 | 67% |
| Retail | 1 | 33% |
| Banking | 1 | 33% |
| Finance | 1 | 33% |
| Education | 1 | 33% |

9 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 1 | 33% |
| Funding Round | 1 | 33% |
| Post-IPO Secondary | 1 | 33% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Japan | 1 | 33% |
| Panama | 1 | 33% |
| United Arab Emirates | 1 | 33% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Bashir Ahmad | Electrical Installation Supervisor Siemens Dubai | 0 | https://shizune.co/investors/profile/bashir-ahmad-9bec |
| Pinaki Aich | CEO - Forward Investments | 0 | https://shizune.co/investors/profile/pinkai-aich |
| Saeed Mohammed Ahmad Al Tayer | Managing Director & CEO | 2 | https://shizune.co/investors/profile/saeed-mohammed-ahmad-al-tayer |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Emirates Central Cooling Systems Corporation (Empower) | Emirates Central Cooling Systems Corporation (EMPOWER) was established in 2003 with an objective to enable the real estate sector to efficiently utilize energy resources through District Cooling Services (DCS). Empower was set up as a joint venture between Dubai Electricity and Water Authority (DEWA) and TECOM Investments a member of Dubai Holdingthrough a Royal Decree issued by the Ruler of Dubai. | $1.4B | Post-IPO Secondary | Feb 11, 2026 |  |
| Union Credit | Union Credit and Guarantee is a credit and guarantee financial institution whose objective is to advise and accompany companies in their economic growth so that they can achieve the economic objectives they set themselves, and thus increase their different areas of business.The main work of the company consists of issuing internationalguarantees, sureties and bonds to individuals, companies, State Administrations, City Councils, etc., all over the world. To this end, we have extensive experience in this sector, as well as our own funds and guarantees deposited in various banks to cover the possible consequences of a claim. | $18.7M |  | Mar 03, 2021 |  |
| Trende | TRENDE is an online renewable energy retailer selling electricity to residential customers in Japan via its Ashita Denki (https://ashita-denki.jp/) and Hot Denki (https://hotdenki.jp) service websites. TRENDE expects its Ashita Denki and Hot Denki services to accelerate the widespread adoption of solar power in Japan. Atwhich point, the company aims to leverage blockchain technology to create a peer-to-peer (P2P) marketplace for producers and consumers of renewable energy. Investors include Tokyo Electric Power, Itochu, Idemitsu Showa Shell and Dubai Electricity and Water Authority (DEWA). The company is led by serial entrepreneurs, Jeffrey Char and Tadatoshi Senoo and takes an environmentally responsible approach to provide consumers with clean and affordable energy. For more information, please visit http://trende.jp/. | $103.5M | Series A | Sep 26, 2018 |  |

3 of 3 investments shown.

## Co-investors
- [African Export-Import Bank](https://shizune.co/investors/profile/african-export-import-bank) — VC Fund, 1 deal together
- [Dubai Islamic Bank](https://shizune.co/investors/profile/dubai-islamic-bank) — VC Fund, 1 deal together
- [Innovation Labs](https://shizune.co/investors/profile/innovation-labs) — VC Fund, 1 deal together
- [Italian Chamber of Commerce - Tel Aviv](https://shizune.co/investors/profile/italian-chamber-of-commerce-tel-aviv) — VC Fund, 1 deal together
- [Quassar Capital](https://shizune.co/investors/profile/quassar-capital) — VC Fund, 1 deal together
- [Romanian-American Enterprise Fund](https://shizune.co/investors/profile/romanian-american-enterprise-fund) — VC Fund, 1 deal together

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## FAQ

### What does Dubai Electricity and Water Authority invest in?

Dubai Electricity and Water Authority invests primarily in Energy, Retail and Banking startups, most often at Series A and Funding Round stage. Most of the 3 investments tracked by Shizune back companies in Japan. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Dubai Electricity and Water Authority?

For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Dubai Electricity and Water Authority?

The team at Dubai Electricity and Water Authority includes Bashir Ahmad (Electrical Installation Supervisor Siemens Dubai), Pinaki Aich (CEO - Forward Investments) and Saeed Mohammed Ahmad Al Tayer (Managing Director & CEO). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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