Samreen Ahmad · · 1 min read500 Global-backed agritech firm reaps $3m in seed money
Plant Cartridge, a Kuala Lumpur-based agritech company that offers sustainable agriculture solutions, has raised US$3 million in seed funding.
Phptp credit: Plant Cartridge
Backed by 500 Global and a private group of business conglomerates, Plant Cartridge plans to use the fresh capital to expand its operations by 1 million square feet, and develop new, advanced farming solutions that are sustainable, scalable, and accessible.
Founded in 2016 by Channing Liang and Michael Mak, the agritech firm aims to transform the agricultural industry and food supply chain by providing farmers with modern sustainable farming systems, financial support, and market access.
The company provides hardware and software for controlled environment agriculture, including seed, germination, irrigation, and nutrient management systems, and an integrated farm-operating system for crops such as leafy vegetables, fruits, or tuberous plants. It claims to reduce water consumption by 90%, and boost crop yield by up to 10x via its solutions.
See also: Indonesian agritech is pandemic-proof, but here are the warning signs
Editing by Deepti Sri and Arpit Nayak
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
