Malaysian agritech and nanotech startup Qarbotech has successfully raised $1.5 million in funding to expand its innovative solutions across Southeast Asia, targeting key markets such as Malaysia, Indonesia, Thailand, and Vietnam.
- Funding: Qarbotech raised $1.5M from investors like 500 Global and Better Bite Ventures.
- Market Expansion: The funds will strengthen Qarbotech’s presence in Malaysia and support growth in Indonesia, Thailand, and Vietnam.
- Food Security Focus: CEO Chor Chee Hoe sees QarboGrow as a solution to food security challenges in Southeast Asia amid climate change.
- Collaborations in Indonesia: Partnerships, such as with PT Iceh Agro Indonesia, are underway, with promising results in pilot projects to boost rice yields.
- Investor Confidence: Investors believe Qarbotech can increase crop yields by 60% in climate-vulnerable regions.
Qarbotech is set to lead the agritech industry in Southeast Asia, enhancing agricultural productivity and sustainability while addressing critical food security challenges.
