Malaysia's Poladrone raises US$4.29 million; largest seed funding round in country

Poladrone provides a wide range of drone services in both Malaysia and Thailand

Malaysia's Poladrone raises US$4.29 million; largest seed funding round in country | BEAMSTART News

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Poladrone, an end-to-end drone solutions startup from Malaysia has raised US $4.29 million in a seed funding round.

The amount raised is also the highest amount ever raised for a seed round in the country.

Investment Details

  • Wavemaker Partners led the round, with participation from Malaysia Technology Development Corporation (MTDC), ZB Capital Limited, and angel investors.
  • The funding will allow the company to scale up operations across the region, and to attract top-tier talent to improve product offerings.
  • Poladrone was founded in 2016 by Cheong Jin Xi, with operations in Malaysia and Thailand.

Why It Matters

  • Moving forward, Poladrone is setting up Service Centres in agricultural towns across Malaysia and Thailand to offer "Sales, Service, and Spare Parts" for drones.
  • As most drone-related operations happen far from metropolitan areas, Poladrone's Service Centres will provide better accessibility to customers to quickly maintain or repair their equipment.
  • Poladrone has also recently launched Mist Drone – a blanket spraying agriculture drone for open field crops.

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