Malaysia's Aonic Raises $10M Series A to Propel Homegrown Drone Tech Globally

Malaysia's innovative drone company Aonic has secured a $10 million Series A funding round to expand its homegrown technology worldwide.

The investment, led by Kairous Capital and supported by Malaysia's National Fund-of-Funds through Jelawang Capital, marks a pivotal moment for the agritech firm.

Building a Drone Powerhouse from Malaysian Roots

Founded in Malaysia, Aonic designs, engineers, and manufactures end-to-end drone solutions tailored for agriculture and industrial sectors across Southeast Asia.

Since 2022, the company has achieved triple-digit compound annual growth rates, surpassing $60 million in annual revenue while turning profitable in 2023.

Aonic's drones replace labor-intensive manual spraying, boosting farmers' incomes by 50%, farm output by 54%, and slashing water usage by 75% based on field data.

Fueling Global Expansion and Innovation

The fresh capital will deepen R&D efforts, scale Malaysia-built drones and software, and accelerate entry into international markets.

With over 50 service centers providing sales, service, and spare parts across the region, Aonic ensures reliable on-ground support for users.

CEO Cheong Jin Xi emphasized that years of building robust foundations now enable consistent global scaling.

Adrian Hia from Kairous Capital hailed Aonic as a rare Malaysian firm delivering transformative agritech at scale.

By offering training and financing, Aonic lowers adoption barriers, empowering more farmers with cutting-edge automation.

As automation demand surges in Indonesia and the Philippines, Aonic positions Malaysia as a drone tech leader.

This funding not only amplifies Aonic's impact on sustainable farming but also highlights the nation's growing prowess in high-tech manufacturing.