Previous Next

About Us

Our Serving Mission and Values


We are the corporate venture capital arm of PETRONAS, Malaysia’s global energy and solutions company. We invest in visionary entrepreneurs with breakthrough technologies and innovative business models in support of PETRONAS’ business growth and sustainability agenda.

We also aim to be the growth accelerator partner in Malaysia to influence technology-driven startup ecosystem while serving PETRONAS business needs.

Our direct investments in Asia and indirect investments into VC funds are managed by PTV International Ventures Sdn. Bhd. (PIVSB), based in Kuala Lumpur.

In North America and Europe, our investments are managed by Piva Capital (PIVA), based in San Francisco, California.

Verticals We Are Excited About

These are our current investment focus areas.

Facilities Future

Facilities of the Future

  • Robotics & Automation (AI/ML)
  • Sensors & vision technology (surface/ subsurface)
  • Asset intelligence/connected factory
  • Smart Maintenance & Inspection
  • 3D printing & in-situ manufacturing
Future Energy

Future of Energy

  • Novel energy generation
  • Energy efficient/storage solutions
  • Smart grid, electrification
  • Renewables (Solar/Wind/Bio)
  • Vehicle automation
  • Hydrogen
Specialty Chemicals

Specialty Chemicals and Advanced Materials

  • Electronic chemicals
  • Surfactant
  • Coatings
  • Additives (food/feed)
  • CO2 to value products
  • Lubricants

Our Portfolio

PIVSB Portfolio Companies

Automated farming solutions via AI driven software & agriculture robots.

“One-stop-shop” solar PV solutions with innovative financing model.

AI/ML geoscience software to convert unstructured data into actionable insights.

PIVA Portfolio Companies

AI for utilities & infrastructure use cases (risk reduction).

Commercializes Molten Oxide Electrolysis (MOE) for high-volume steel production.

Complex and functional plant/flavor proteins.

General purpose MEMS switch with ubiquitous applications.

Building materials using CO2 - decarbonization of cement & concrete industry.

Producer of bio-based plant nutrition products intended to enrich the soil.

Real time 3D scenes using AI, with input from video/images & IoT devices.

Powder Bed Fusion metal 3D printer solution for mission critical parts.

Commercializing LIDAR systems based on proprietary laser emitter and SPAD sensor technology


FutureTech Accelerator

A growth accelerator program consists of 1-on-1 mentorship and office hours, lectures, workshops and industry immersion with PETRONAS across 12 weeks. The 2nd edition i.e. FutureTech 2.0 is currently calling for entry. PETRONAS has teamed up with two Government-linked Companies (GLCs) i.e. Telekom Malaysia Berhad (TM) and Sime Darby Plantation Berhad (SDP), and supported by National Technology Innovation Sandbox (NTIS) program – an initiative by the Ministry of Science, Technology and Innovation (MOSTI). This collaboration is aimed to unlock synergies from cross-industries expertise and maximise the value impact of the programme to:

Facilities Future


Fast track commercialisation

  • More collaborators and partners
  • Rapid iteration cycles

Expanded networks for business matching and increased visibility

  • Access to new markets, industry needs, technology and tech leaders to create opportunities for growth.
Future Energy


Synergy between industries and Malaysian Government for greater accomplishment.

Accelerate Malaysian startup ecosystem development, spur growth of early stage startups, creates employment and accelerate startup technology development to industries.

Specialty Chemicals

PETRONAS and Corporate Partners

Help businesses find new growth opportunities and solve business challenges via local startup innovation and collaborations to co-create.


Our Teams


News and Events

Read our press releases and learn more about our upcoming programmes.

PETRONAS FutureTech 2.0 Welcomes 20 Malaysian Deep Tech Startups To Accelerate Innovation

PETRONAS Invests In Renewable Energy Start-Up | Innovation Gateway @ Petronas

PETRONAS, Telekom Malaysia and Sime Darby Plantation Collaborate To Accelerate Malaysian Innovation

PETRONAS Sets Up Venture Capital Arm | PETRONAS Global

PETRONAS Embarks on Its First Venture Capital Investment in Malaysia | PETRONAS Global

PETRONAS Teams up with Silicon Valley's 500 Startups | PETRONAS Global

PETRONAS FutureTech Showcase Home-Grown Techpreneurs | PETRONAS Global

PETRONAS Nurtures Right Ecosystem For Local Startups

Reach Out to Us

Have questions about our programmes? Simply drop us a message and we’ll get right back to you.

Send Us a Message