fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home Featured

Malaysian startup Poladrone scores $4.29m in Seed funding

Team AsiaTechDaily by Team AsiaTechDaily
26 October 2021
in Featured, Transportation & Logistics
0
Poladrone

Poladrone Founder and CEO Cheong Jin Xi

27
SHARES
Share on FacebookShare on Twitter
Bookmark (0)

Please login to bookmark

No account yet? Register

End-to-end drone solutions provider Poladrone announced that it has secured $4.29 million in a Seed round led by one of Southeast Asia’s leading venture capital firms – Wavemaker Partners.

Cheong Jin Xi (JX), Poladrone’s Founder and CEO, said this will allow them to scale up operations to better serve customers across the region, and to attract top talents to further improve their products.

The company is setting up Service Centres in agricultural towns to offer “Sales, Service, and Spare Parts” in Malaysia and Thailand. They are also looking to expand to other markets in the region, specifically Indonesia.

These centres will also act as “Centres of Excellence”, where industrial training and knowledge sharing will be conducted to boost the adoption of drone technology.

Other investors that participated in the round include the Malaysian Technology Development Corporation (MTDC), a strategic investment fund wholly owned by the Khazanah Nasional Berhad, Hong Kong-based investment firm ZB Capital Limited, and angel investors.

Recently, the company has launched Mist Drone – a blanket spraying agriculture drone that is said to be better suited for open field crops, such as paddy, corn, and banana.

Cheong explained that downtime for their drones is detrimental to their customers’ livelihood.

“As most operations happen away from metropolitan areas, our Service Centers will provide better accessibility to customers to quickly maintain or repair their equipment,” he said in a statement.

Cheong said they are excited to team up with Wavemaker and MTDC who share the same vision in putting their customers’ needs at the heart of their growth strategy.

Gavin Lee, General Partner at Wavemaker Partners, said Cheong knows precisely what problems plantation owners face and how automation can help them.

Lee added that Poladrone’s work scope with eight out of 10 biggest palm oil plantations in Malaysia gives them confidence to back them and their vision of propelling Southeast Asia’s agriculture industry.

MTDC said this investment will spur the adoption of the Fourth Industrial Revolution (4IR) in the agriculture sector in line with the National 4IR Policy and the recently launched 12th Malaysian Plan.

It added that the technology that Poladrone is offering will reduce the reliance on foreign workers especially in the palm oil industry while at the same time helps increase the number of knowledge workers in the drone industry.

Previous Post

Investment Tech Unicorn Groww triples its valuation to $3 billion with a fresh fundraise of $251 million

Next Post

Indian edtech startup Teachmint nets $78m from Rocketship, Vulcan Capital

Related Posts

edit post
Holmusk
Featured

Healthtech startup Holmusk raises $45m to continue rapid expansion

January 23, 2023
edit post
Jumppoint
Featured

Hong Kong-based logistics platform for e-commerce merchants Jumppoint raises $6.5m in series A

January 16, 2023
edit post
Flik
Featured

Indonesian startup Flik scores $1.1m in East Ventures-led funding round

January 10, 2023
edit post
Alterpacks
Featured

Alterpacks’ commercialization drive gets boost with $1m funding

January 5, 2023
edit post
HD
Featured

Thai healthcare, surgery marketplace HD raises $6m in funding

January 4, 2023
edit post
SeaVantage
Featured

S Korean startup SeaVantage raises $1.3m to expand ocean visibility platform

January 4, 2023
Next Post
edit post
Teachmint

Indian edtech startup Teachmint nets $78m from Rocketship, Vulcan Capital

Discussion about this post

No Result
View All Result

Follow Us

FREE NEWSLETTER




Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback