The startup aims to modernise farming bringing technology into their co-farms, and to grow an expert community platform to mentor and guide its grower partners.
The company set its sights on working with cow’s milk over the long term.
The company also plans to expand to other Southeast Asian markets in 2021.
The startup plans to use the fresh funding to launch its “pork product” made from jackfruit in restaurants in Asia.
The new capital injection will help the startup to achieve its mission of building a digital infrastructure for 60 million MSMEs in Indonesia.
This is Petronas’s second venture capital investment initiative that seeks to strengthen its commitment in the renewable energy space as a solutions partner.
The startup develops the fastest, long-distance, point-to-point wireless communication network possible.
The startup will also be investing in support services for its growing user base as well as in sales and marketing to enter new markets.
The company is currently dedicating all of its resources to help all new and uninformed educational institutions meet the demands and operational complexity of the Distance Learning policy during the pandemic.
The recent capital injection is part of an initiative supported by the Maritime and Port Authority of Singapore.