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.
These are our current investment focus areas.
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.
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
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:
Fast track commercialisation
Expanded networks for business matching and increased visibility
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.
Help businesses find new growth opportunities and solve business challenges via local startup innovation and collaborations to co-create.
Read our press releases and learn more about our upcoming programmes.
Have questions about our programmes? Simply drop us a message and we’ll get right back to you.
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