Venture capital firm Malaysia Venture Capital Management Berhad (MAVCAP), with a portfolio nearing MYR5 (US$1.25) billion, is investing as a limited partner in Vynn Capital’s latest Mobility and Supply Chain Fund.
The Mobility and Supply Chain Fund, with a targeted size of US$30 million, aims to innovate Southeast Asia’s technology landscape in the mobility and supply chain sector.
Malaysian venture capital firm Vynn Capital established a fund to tackle challenges and opportunities in Southeast Asia’s mobility and supply chain sectors. The fund is directed towards early-stage startups in the region raising Seed to Series A rounds.
YAM Tunku Ali Redhauddin ibni Tuanku Muhriz, Partner at Vynn Capital, commented, “As one of the most experienced venture backers in the region, MAVCAP will continue to provide us access to institutional networks, allowing us to provide better support to our portfolio companies. This is especially important in the world of constantly changing market dynamics.”
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With the backing of experienced partners, startups can access essential resources and expertise to drive innovative solutions for the future of vehicle and transport infrastructure. The Mobility and Supply Chain Fund also aims to address current challenges in fostering a more sustainable and greener environment through technological solutions. This positions Malaysia at the forefront of fostering innovation in the mobility industry and promoting regional collaboration by strategically investing in companies targeting the broader Southeast Asia market.
“This collaboration aligns with our mission to catalyse innovation and growth in Malaysia and across Southeast Asia,” said Shahril Anas bin Hasan Aziz, Chief Executive Officer of MAVCAP.
With support from Sime Darby Berhad, the Fund is also enabling greater private partnerships and encouraging industry players to invest in technology companies, thereby enhancing the future of mobility across Southeast Asia.
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