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.
Rush believes that day-to-day life is not something that can be done without a properly working smartphone.
The investment was made through Ascent Myanmar Growth Fund I (AMGF).
The tech company plans to use the fresh funding to help accelerate its go- to market strategy, engage with customers and early adopters, and continue strengthening its team.
The startup plans to bring an online to offline (O2O) approach in order to facilitate a deal between apartment owners and renters in Jakarta in a much simpler way.