Malaysian EV startup seeks $1.5m fundraise

Malaysia-based ChargeSini, an electric vehicle (EV) charging platform, is looking to raise US$1.5 million. The firm is currently in its seed stage.

Photo credit: ChargeSini

Founded in July by Nick Leong, ChargeSini aims to create an app that allows drivers to locate, use, and pay for EV charging stations.

The startup currently offers a variety of AC chargers with outputs ranging between 7 kilowatts and 22 kilowatts, as well as DC fast-charger products with outputs between 80 kilowatts and 140 kilowatts. It also provides installation services for private homes and other residences such as apartments.

Meanwhile, ChargeSini says that local businesses can earn between 64,000 ringgit (US$14,451) and 300,000 ringgit (US$67,743) annually by installing one of its wallbox chargers for no additional expenses due to its 100% automated operations.

The company, which works with EV solutions partner Sangitech, said it has recently installed 50 chargers in one month.

Is your startup fundraising too? Fill out this form to let Tech in Asia’s subscribers know.

See also: Roadblocks stall Singapore’s driverless car dreams

Currency converted from Malaysian ringgit to US dollars: US$1 = 4.43 ringgit.