Budding talent
- 500-backed online flower delivery platform BloomThis has been selected as the champion for the Digitalization category at the AmBank BizRACE by AmBank Group, a Malaysian banking group.
- A total of nine winning SMEs were chosen from over 2,000 registrations. According to the article, the program aims to help SMEs scale their businesses by leveraging on the knowledge, training, branding as well as networking opportunities provided,”
- The total prize value for the program is close to US$500,000. Winners were also awarded an executive development program at Cambridge University’s Judge Business School.
- Read the full article here.
A cleaner world
- 500-backed cleantech startup SEPPURE has signed an agreement with GIIAVA, a manufacturer and exporter of soya lecithin powder and liquid.
- Together, they will work together to develop a more sustainable and economical manufacturing process.
- SEPPURE will implement its new generation of nanofilters at GIIAVA’s facility in Singapore. The startup claims that trials have demonstrated up to 50% reduction in energy consumption and 90% in greenhouse gas emissions. According to the statement, GIIAVA expects to save a 5- to 6-figure sum annually from energy savings.
- SEPPURE founder, CEO, and CTO Dr. Mohammad Farahani said, “The GIIAVA plant in Singapore will be a game-changer for the agri-food industry. This project will pave the way for the adoption of more sustainable and more energy-efficient agri-food processes that rely less on fossil fuels…”
- Read the full statement here.
Driving growth
- 500-backed used car marketplace Carsome said it plans to introduce more selections of electric vehicles (EVs) on its platform following the Malaysian government’s announcement of tax incentives for EVs.
- Co-founder and group CEO Eric Cheng said, “We already have some Tesla models both new and used on our platform. Carsome is joining the EVs movement with brand-new Tesla models available now on our website starting with the Tesla Model 3. These Tesla models are available on a pre-order basis.”
- “We are breaking record numbers on a month-to-month basis. We think that if there is no huge disruption in 2022, we will be able to continue with this momentum,” he added.
- Read the full article here.
