24X Secures Series B Funding to Revolutionise Maintenance and Renovation Industry

Wavemaker Ventures and Krungsri Finnovate back Thailand’s innovative service provider

Thailand-based startup 24X, known for reshaping the maintenance and living services sector, has successfully raised Series B funding from Wavemaker Ventures and Krungsri Finnovate. The investment marks a major milestone as 24X continues its mission to deliver comprehensive solutions for both B2B and B2C markets, specialising in maintenance, installation, and renovation services.

A Holistic Suite of Services

24X offers a wide range of solutions tailored to various customer needs:

• 24 FIX: A one-stop platform providing home maintenance services for individual homeowners.
• 24 House Solution: Customised living space designs crafted by expert interior designers and project managers.
• 24 FIX for Business: Maintenance management services catered specifically for enterprises.
• 24 Projects: A go-to for renovation and construction needs, tailored for businesses.
• VERTE: A leader in alternative energy with solar energy systems and EV charging installations.

Growth, Vision, and Innovation

Khanisorn Meepong, Co-founder and CEO of 24X, shared his excitement about the company’s impressive growth. Over the past six years, 24X has evolved by adapting to shifting market demands, especially in the business sector.

“Last year, we achieved THB 480 million in net revenue—a staggering 2.5x growth compared to the previous year—where over 50% of our revenue came from B2B clients,” Mr Khanisorn noted.

Green energy is also a core focus for 24X through its VERTE brand. The company has partnered with global leaders like JA Solar and TRINA, installing over 80 solar energy systems producing more than 20 MW through EPC and PPA models. Additionally, 24X has installed over 2,000 EV charging stations at gas stations and for major EV brands such as BYD, NETA, Changan, and Aion.

“We are evolving beyond traditional services by adding green energy solutions like solar panels and EV chargers to our portfolio,” he added.

Backed By Industry Leaders

Global and regional investors are showing confidence in 24X’s vision. Here’s what they had to say:

• Joel Ang, Investment Principal at Wavemaker Ventures, remarked, “24X’s focus on clear SLAs, accountability, and a reliable network is setting new standards in Thailand and Southeast Asia.”
• Palida Artispong, Acting Managing Director at Krungsri Finnovate, shared, “The maintenance, construction, and alternative energy sectors are booming, and 24X’s ability to meet these varied demands demonstrates its immense potential.”

What’s Next for 24X?

24X plans to expand its service range, focusing on Preventive Maintenance (PM) and Corrective Maintenance (CM). The company also leverages its cutting-edge digital solutions to streamline business processes:

• Eagle Platform: Manages maintenance tasks efficiently.
• Cheetah Platform: A centralised project management system.
• Wolf App: Workforce operations management at its best.

“Our ecosystem of digital tools allows businesses to focus on their core operations while we handle maintenance logistics seamlessly,” Mr Khanisorn explained.

Driving the Future of Maintenance and Sustainability

This Series B funding is a testament to 24X’s ability to lead the way, offering innovative solutions and sustainable practices. With plans to expand further and utilise its expertise, 24X is shaping the future of maintenance, energy, and renovation services.