Current Status Pre-Revenue
Amount Invested RM95,000
Funding Required RM500,000
Description We are hopping on the sharing economy band wagon by building a power bank sharing eco system in Malaysia. We are providing a service to allow people to rent a power bank instead of purchasing a power bank.
Business Opportunity We are solving the problem of e-waste in the country. The current non-recyclable waste is with e-waste and we are solving by reducing the e-waste in the country.
Revenue / Business Model We are renting the power banks for RM1 per hour and RM15 per day. We will have other sources of income with advertising opportunities, franchising opportunities and sales of machine.
Management Team We currently have 2 shareholders and 1 executive share holder.
Company Background We started our company in February 2018 and our contract with Brezze Singapore started on 1st July 2018 after negotiations. We have 70% of the licensing fee to Brezze Singapore and purchased 5 units of machines. Approximate investment to date is RM90,000. We started placing machines out there since September 2018 and we have 5 machines in public spaces to date and we have accumulated 300 users.
Funding Milestone We will be using the funds as per following:
70%: To purchase units
20%: Operations and Marketing
10%: Authority Licensing
% Equity Allocation 25%
Expected ROI 2 years
Company Name Brezze Malaysia Sdn. Bhd.
Business Address 15, Jalan Damansara Endah, Damansara Heights, 50490 Kuala Lumpur
Contact Person Kuhan Ganeswaran
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