About ZEPH · the firm

The fund is new.
Our partners aren't.

ZEPH is an energy-transition investment platform in Bangladesh. We have no portfolio yet — what we have is three partners who have spent their careers building, financing, and exiting companies in exactly this market. The track record on this page is theirs, earned before ZEPH. It is the reason the fund exists.

01

What ZEPH is.

An energy-transition investment platform built for one country at one moment — Bangladesh, mid-takeoff, still paying a fuel bill it doesn't need to.

What we are
An investment platform

Not a contractor, not a manufacturer. We put capital — equity and debt — behind the companies flipping Bangladesh off diesel.

Where
Dhaka, Bangladesh

175 million people, a fast-rising grid, and a diesel import bill the country wants gone. One market — known cold, walked in person.

Founded
2026

The firm is new. The partnership behind it has been operating in this region for over two decades.

The thesis in one line.

Most businesses in Bangladesh are fuel-bill businesses: a cheap diesel engine bought once, then an endless, rising cost to feed it. We turn them into asset-backed businesses — a larger upfront investment in solar and batteries, after which the energy is close to free and the surplus is sold back to the grid. The fuel bill becomes an asset on the balance sheet. That flip is what we finance, across every layer of the transition.

02

One platform,
three arms.

Each arm solves a different half of the same problem — and they compound. One company can take equity, asset debt, and a China supply line from the same partnership.

Early-stage equity

ZEPH Ventures

The venture-capital arm. $100K–$1M first cheques into energy-transition founders in Bangladesh — pre-seed and seed — with a second cheque and operator support behind it.

Led by Alex Miller & ABM Obaidullah
Structured working-capital debt

ZEPH Capital

The debt arm. A structured working-capital fund that finances the hard assets — solar, batteries, fleets — so founders don't burn equity buying capex and their cap tables stay clean.

Led by Kimiwa Saddat
China supply-chain conduit

ZEPH Energy

The supply arm. A direct conduit to Chinese manufacturers, so companies we back build at a Chinese cost base — sourcing panels, cells, and vehicles at the price the factory floor sees.

Led by Alex Miller & ABM Obaidullah
03

The partners.

Three operators. The companies named below are their personal track records — built, run, advised, and exited before ZEPH. None is a ZEPH portfolio company. The point is the operating history.

Alex Miller
Partner

Alex Miller

ZEPH Ventures & ZEPH Energy

Alex is the founder of AimHuge, an AI training company helping engineering teams across Asia ship production AI. He brings deep operating experience in high-growth emerging-market ventures across China, Southeast Asia, and South Asia, and spent three and a half years as Entrepreneur in Residence at Accelerating Asia — one of South and Southeast Asia's leading venture accelerators — working with the top-performing startups in the region.

He founded Particle Alliance, a syndicate backing high-growth, impact-driven startups across the region, and is a co-founder of Idea Bank.co. Through these vehicles he has invested in or advised climate ventures across Asia — Orko AI (fleet management), SafeTruck (fleet safety, Malaysia), and Roots.ag / Living Roots (bioactive fertilizer for regenerative agriculture) — and serves as an Evaluator at the EIT Urban Mobility Fund.

His earlier career spans Head of Product at ReFUEL4 (AI ad-tech; San Francisco, Singapore, Tokyo; Facebook's Innovator of the Year 2016, acquired by Superfaction), CTO at GetCraft, and senior product manager for advertising at Renren — China's largest social network at the time — through its IPO. A long-time advocate for electric mobility, he speaks Mandarin Chinese, Indonesian, and Singlish, with working Thai. At ZEPH he co-leads Ventures and runs the China supply line for Energy.

Kimiwa Saddat
Partner

Kimiwa Saddat

ZEPH Capital

Kimiwa brings 23 years of senior banking leadership to ZEPH Capital, built across the full spectrum of the industry — multinational, large local, and new-generation banks. His career has run through HSBC Bangladesh, Eastern Bank Limited, The City Bank PLC, Meghna Bank PLC, and Community Bank Bangladesh PLC.

Most recently he was Managing Director of Community Bank Bangladesh PLC. Before that he was Deputy Managing Director at Meghna Bank PLC, leading the Corporate Banking division, and earlier First Vice President and Unit Head, Corporate Banking, at The City Bank PLC — senior responsibility for corporate credit, syndications, and structured deals at every stop.

His functional expertise is exactly what an asset-debt fund runs on: structured trade and supply-chain finance, letters of credit and guarantees, cross-border facilities, and conventional, Islamic, and offshore banking. He holds an MBA in Finance from the University of Dhaka and is a Certified Financial Consultant accredited in Canada. He joined ZEPH in May 2026 to build and lead ZEPH Capital — the structured working-capital debt fund behind every asset the platform finances.

ABM Obaidullah
Partner

ABM Obaidullah

ZEPH Ventures & ZEPH Energy

Obaidullah is a serial entrepreneur and emerging-market investor with operating experience spanning manufacturing, agritech, and venture capital across Bangladesh and Singapore.

He founded Redgreen, a hardware technology company in Dhaka, acquired by A to Z Ventures in 2021. He went on to build Tiger Ventures, a Singapore-based fund backing early-stage founders across Asia, and Freshway AGtech, one of Bangladesh's leading plant-based feed producers, where he is Co-Founder and Managing Director. He is also Managing Partner of CEAN Global, the first independent climate and ESG assurance agency in Bangladesh.

That mix — building hardware companies, running a fund, operating in agritech and climate assurance — is the operator half of Ventures and the manufacturing fluency behind Energy. At ZEPH he co-leads the equity arm and the China supply line, with a mandate to replace Bangladesh's fossil-fuel dependency with clean, self-sustaining alternatives.

04

What the partners
have built.

Before ZEPH — companies our partners personally founded, financed, advised, or exited. Not a fund portfolio. The operating history is the credibility.

Founded & exited
Redgreen

Dhaka hardware company, acquired by A to Z Ventures in 2021.

Founded
AimHuge

AI training company helping Asian engineering teams ship production AI.

Arranged
Bank syndications

Senior corporate-banking deals and structured trade finance across five Bangladeshi banks.

Built & runs
Freshway AGtech

One of Bangladesh's leading plant-based feed producers.

Backed
Climate ventures, Asia-wide

Orko AI, SafeTruck, Roots.ag — fleet management and regenerative agriculture.

Built
Tiger Ventures

Singapore-based fund backing early-stage founders across Asia.

05

Talk to a partner.

Founders raising, LPs sizing us up, partners with a deal — one inbox, and a partner reads it. There is also a dedicated contact page if you'd rather start there.

Work with ZEPH

New fund.
Proven operators.

Founders: pitch us through the Idea Bank. LPs and partners: reach a partner directly, or read the company profile first.

Explore the Idea Bank