Name

Altervim Company

Legal name

Altervim Company Limited (อัลเตอร์วิม จำกัด)

Website

https://altervim.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Solar Energy Services

NAICS

Solar Electric Power Generation (221114)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)

akta.pro secondary industries

Solar Financing, Leasing & Ownership Platforms (Tax Equity, PPA, Securitization) (EUAMABAJ), Solar Design, Engineering & Performance Software (PV Modeling, Digital Twins, Monitoring) (EUAMABAH)

Keywords

• Solar power systems
• Electric vehicle charging
• Power purchase agreements
• Battery energy storage
• Clean energy infrastructure

Headquarters

HQ city

Bang Chak

HQ country

Thailand

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Private PPA (Power Purchase Agreement): Altervim invests in, installs, and operates solar power generation systems for customers. Customers purchase the electricity generated at negotiated rates under long-term PPAs without upfront capital expenditure. Altervim retains ownership of the system during the contract period.
2. Solar Rooftop Package Sales: Direct sale of turn-key solar rooftop systems to residential and small business customers. Packages include design, installation, and after-sales service. Customers can also finance via digital lending partners (TrueMoney/Pay Next Extra) or Government Savings Bank.
3. EV Charging Services (Altervim Super Charge): Revenue generated from DC fast charging and AC charging of electric vehicles at charging stations deployed at 7-Eleven, Lotus's, and other CP Group locations. Users pay per charging session via the Altervim Super Charge mobile application.
4. Green Financing Partnerships: Altervim receives green loans from financial institutions (Maybank, Government Savings Bank, Kiatnakin Bank, EXIM Thailand) to fund solar project installations. These loans support expansion while maintaining the PPA revenue model.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels8 records

Core offering

Altervim designs, finances, installs, and operates solar photovoltaic systems (rooftop, floating, carport, farm, and solar fishery) and electric vehicle charging infrastructure under the Altervim Super Charge brand for residential, commercial, and industrial customers across Thailand, Malaysia, and China. The company delivers turn-key solar packages to homeowners and Private Power Purchase Agreements (PPA) to enterprise customers, supported by a Digital Energy Platform for real-time monitoring of generation and maintenance across 2,500+ solar projects.

Product overview

Altervim Company is an open energy-solution platform under Charoen Pokphand Group that offers three core product lines: Life Solution (turn-key residential and small commercial solar services), Generating Solution (large-scale solar power plants), and Green Infrastructure Solution (community and industrial sustainability solutions). These are delivered alongside branded offerings including Altervim Super Charge (EV charging network), Living Solution Solar Packages (Standard/Premium/Deluxe tiers with String/Micro Inverters and Solution+ add-ons for batteries and EV chargers), and the Digital Energy Platform for cloud-based project monitoring. The company operates over 2,800 projects with 231 MWp installed capacity across Thailand, Malaysia, and China, with recent expansion into digital financing partnerships and energy management services.

Differentiator

Problem solved

Functional benefit

Brands

• Altervim Super Charge: Electric vehicle charging station brand offering DC fast chargers and AC chargers for EV users across Thailand, deployed at Lotus's, 7-Eleven, and other locations.
• Clean Energy Asset Management Center (CEAMC)

Products and services

• Life Solution

Quantifiable outcome

• Up to 70% reduction in electricity bills for residential customers
• +7 more outcomes

Named customers12 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature5 records

Partnerships

16 partnerships are on record, tiered flagship, minor and core.

• CP All / 7-Eleven ThailandflagshipStrategic or Co-development Partner · 1 August 2025Altervim installed solar rooftop systems on 535 7-Eleven branches nationwide under the 'Green Convenience' concept — turning familiar storefronts into miniature power plants. Also deploying Altervim Super Charge EV chargers at 7-Eleven locations.
• TrueMoney & Pay Next Extra (Ascend Nano)flagshipStrategic or Co-development Partner · 8 July 2025Altervim partnered with TrueMoney and Pay Next Extra to introduce Thailand's first digital loan solution for residential solar energy systems. Up to THB 500,000 credit line, 0% down payment, 0.6% monthly interest, 84-month repayment via the TrueMoney app. This removes upfront cost barriers for solar adoption.
• Tourism Authority of Thailand (TAT)minorGTM or Marketing Partner · 23 August 2024TAT partnered with Lotus's and Altervim for the 'เที่ยวลุ้นทองกับโลตัส' campaign offering EV charging discounts and promotional prizes at Lotus's stores nationwide.
• Provincial Electricity Authority (PEA)minorStrategic or Co-development Partner · 14 August 2024Altervim and CP Group hosted a PEA delegation for a study visit on sustainable organizational development. PEA expressed interest in learning from CP's ESG experience, aligning with PEA's Sustainable Energy for All (SEforALL) initiative.
• Kasetsart University Faculty of EngineeringcoreStrategic or Co-development Partner · 29 April 2024Altervim and Kasetsart University signed MOU for technology development and research in renewable energy and energy storage systems, including battery technology, hydrogen energy systems, ground source heat pumps, and emerging energy technologies.
• Thai Electric Vehicle AssociationcoreChannel Partner/ Reseller/ Distributor · 8 March 2024Altervim Power EV signed MOU with Thai EV Association and 12 leading organizations (EGAT, MEA, PEA, Arun Plus, PTT OR, Gridwiz, Evolt, Charge, Chosen, Mahanakorn Energy, Hop Car, Great Wall Motor) to interconnect EV charging station networks and enable cross-network charging services.
• Electricity Generating Authority of Thailand (EGAT)coreChannel Partner/ Reseller/ Distributor · 8 March 2024EGAT is part of the MOU with Thai EV Association for cross-network EV charging data connectivity, enabling EV users to charge across multiple networks through a single app.
• Metropolitan Electricity Authority (MEA)coreChannel Partner/ Reseller/ Distributor · 8 March 2024MEA is part of the MOU for EV charging network interconnection, enabling cross-network charging services across Bangkok's metropolitan area.
• PTT Oil and Retail Business Public Company Limited (PTT OR)minorChannel Partner/ Reseller/ Distributor · 8 March 2024PTT OR joined the Thai EV Association MOU for EV charging network interconnection, complementing Altervim's charging network expansion.
• CP Leadership InstituteflagshipStrategic or Co-development Partner · 26 November 2023Altervim and CP Leadership Institute developed the 'Total Clean Energy Solutions' prototype — 832 kWp floating solar, EV charging stations, and intelligent digital energy management system. This serves as a model for the group's sustainability goals.
• Ek-Chai Distribution System (Lotus's Thailand)flagshipStrategic or Co-development Partner · 11 November 2023Altervim and Lotus's launched EV charging stations (Altervim Super Charge) at 100 Lotus's branches across Thailand. Lotus's target: carbon neutral by 2030, Net Zero by 2050. Lotus's North Ratchaphruek flagship store features 6 parking bays, 2 DC 150 kW chargers (CCS2, 4 cars simultaneously), and 995 kWp solar rooftop offsetting ~13,400 tons CO2 over 20 years.
• WeOmnicoreTechnology or Integration · 16 October 2023Altervim and WeOmni signed a cooperative agreement to develop EV charging service applications, enhancing the digital experience for EV users through improved app functionality and cross-network charging services.
• TotalEnergiesflagshipStrategic or Co-development Partner · 24 May 2023Altervim signed MOU with TotalEnergies (France's leading global energy company) at the Choose France Summit 2023 in Versailles. Goal: develop renewable energy projects (solar, wind, and other technologies) in the Asia-Pacific region with a target of 2 GW installed capacity by 2030. This supports carbon reduction goals across the region.
• TrueXminorStrategic or Co-development PartnerAltervim and TrueX showcased a green-energy smart home solution at CP Innovation Exposition & Symposium 2025, integrating Altervim's solar systems with TrueX's smart home technology.
• HuaweicoreTechnology or IntegrationHuawei supplies battery (BESS) technology integrated into Altervim's residential solar solutions. Huawei has also partnered on CSR solar installations (temple project with Charoen Pokphand Engineering).
• Plus Xnergy Duriane Professionals Sdn BhdcoreTechnology or IntegrationPartner for Altervim's first solar rooftop project in Malaysia (Lotus's Malaysia), providing professional solar installation services alongside Altervim's project management and financing.

Scale indicators19 records

Recent moves8 records

Expansion highlights8 records

Direct peers

• BCPG: BCPG is a Thai renewable energy IPP (solar, wind, biomass) and a key domestic competitor for Altervim's Private PPA and large-scale solar EPC business, with overlapping Thai C&I customer targets and similar decarbonization-led go-to-market.
• Energy Absolute: Energy Absolute operates Thai solar farms, BESS projects, and the EA Anywhere EV charging network — a direct peer across all three of Altervim's solar, battery, and EV charging lines, including competing retail-site charger deployments.
• Gunkul Engineering: Gunkul Engineering is a Thai-based renewable energy developer and EPC contractor with utility-scale solar and wind projects, competing for similar Private PPA, EPC, and distributed generation deals across Thailand and the region.
• Symbior Energy: Symbior Energy is a Southeast Asia-focused solar IPP and EPC contractor with C&I rooftop and utility-scale projects across Thailand, Vietnam, Malaysia, and neighboring markets — closely comparable to Altervim's PPA and distributed solar model.
• Plus Xnergy (Plus Solar / Xnergy Duriane Professionals): Plus Xnergy is a Malaysian commercial and industrial solar EPC and IPP, and is a named Altervim installation partner for Lotus's Malaysia projects — directly comparable across C&I rooftop solar finance and EPC delivery in Malaysia.
• Cleantech Solar: Cleantech Solar is an Asia-Pacific focused C&I solar PPA provider operating across Southeast Asia and India, offering comparable subscription-style rooftop solar financing to Altervim's external corporate segment.
• Constant Energy: Constant Energy is a Southeast Asia C&I solar PPA specialist with operations in Thailand, Vietnam, Cambodia, and Malaysia, targeting multinational and large enterprise customers — directly comparable to Altervim's external Private PPA book.

Broad incumbents

• Gulf Energy Development: Gulf Energy is a major Thai IPP with diversified power generation and growing renewables exposure; its scale and balance sheet position it as a broader incumbent that can compete for large-scale solar and EV infrastructure opportunities across Thailand.
• TotalEnergies Renewables / TotalEnergies SunPower: TotalEnergies is both Altervim's strategic partner (targeting 2 GW by 2030) and an established global solar developer via SunPower/Total Solar — a broader incumbent whose regional ambitions partially overlap with Altervim's enterprise market.

Others

• Sungrow: Sungrow is a leading global solar inverter and energy storage supplier whose products underpin much of Altervim's installed base; it is an enabling technology provider rather than a direct competitor, but a meaningful ecosystem participant in the same value chain.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Altervimthailand
• LinkedInlinkedin.com/company/altervim

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Altervim Company