Accelerating Technology Innovations
We are committed to the development and scalability of future technology and the ecosystems that bring them to life. PETRONAS Ventures (formerly known as PETRONAS Corporate Venture Capital) was established in 2019, driving technology innovation to maintain PETRONAS’ competitive edge in this ever disruptive and challenging business environment. Our investment verticals focus on Industry 4.0, advance materials and specialty chemicals as well as future of energy.
We mark our foray into venture capital through investments in Braintree Technologies Sdn Bhd and SOLS Energy Sdn Bhd. Both companies are graduates of PETRONAS FutureTech Accelerator 2019, which aims to contribute to Malaysia’s economic future and growing domestic ecosystem.
Investment in Braintree Technologies supports robotics and artificial intelligence software development that would provide total agricultural solutions, converting non-revenue generating land into high-value crop farms via automated farming. Investment in SOLS Energy reaffirms our commitment to renewable energy as a solutions partner. It helps to expand the innovative business model that provides sustainable energy for residential and small-to-medium enterprise (SME) sectors.
PETRONAS Ventures will continue to support PETRONAS’ business growth and sustainability agenda through strategic investment, partnerships and collaborations, closely in line with our Sustainability Agenda, in our commitment to UN SDGs and our Statement of Purpose as a Solutions Partner.