Malaysia-based agritech startup Plant Cartridge announced that it has secured a US$3 million seed funding round from 500 Global and a private group of business conglomerates.
In a press statement, the company said that it plans to use the funding to expand its operations by 1,000,000 square feet, and develop new advanced farming solutions that are sustainable, scalable and accessible.
“The enthusiastic support of our investors is a testament to the importance of our work and the confidence they have in Plant Cartridge’s technologies. In return, our team’s immediate focus is on scaling our operations quickly to enable more farmers in Asia to be sustainable, efficient, productive, and profitable,” said Channing Liang, CEO of Plant Cartridge.
Founded in 2016, Plant Cartridge aims to transform the agricultural industry and food supply chain by empowering agriculture producers. The company’s services range from modern sustainable farming systems to financial support and market access.
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It provides agriculture investors and operators with hardware and software for controlled environment agriculture (CEA), including seed, germination, irrigation, and nutrient management systems, along with an integrated farm operating system for crops such as leafy vegetables, fruiting or tuberous plants. It builds greenhouses, indoor farms, and open planting for farm owners, complete with all its supporting facilities.
The Kuala Lumpur-headquartered company said that its solutions allow farm owners of all sizes to reduce environmental impact while increasing productivity. The advantages include decreasing growing media usage by up to 200 times, reducing water consumption by 90 per cent, and boosting crop yield by up to 10 times.
Co-founders Liang (CEO) and Michael Mak (COO) were IT professionals in multi-national corporations with deep experience in leading large-scale sustainable integrated farm projects for the government.
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