Qarbotech Secures $1.5M

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.