| Current Status | Concept / Business Plan |
| Amount Invested | RM 130 |
| Funding Required | RM 50,000 |
| Description | To supply spray and sowing service to organizational or private agricultural operators using multi-functional drone. |
| Business Opportunity | Manpower is not economic for Malaysia’s agricultural land. In 2018, according to Department of Agriculture Malaysia, 119, 000 hectares of agricultural land is not in operated. According to a government organization, this drone service is potential for their 100,000 hectares operation. The Director of Mechanical & Electronical department requested for a demonstration of the drone prior business deal. |
| Revenue / Business Model |
Revenue for spray service is RM70 per Hectare and the Revenue for sowing service is RM50 per Hectare.
According to the agricultural schedule and drone specification, a drone can supply spray service at least 2160 hectares per year and sowing service at least 720 hectares per year. Maintenance & Operation cost are RM50 per hectare for spray service and RM39 per hectare for sowing service. |
| Management Team |
Izzul Asyraf – Received Certification by Alison, Ireland in Introduction to Drone (Build drone, simulation and pilot)
More than 2 years Sales & Technical Engineer for products & services as listed below: Phonon Diagnostics Technology: Serviced LG Chemical & Hyundai Oilbank LED Lightings: Supplied to Terengganu & KL market Solar Power Generator: Supplied and Serviced in KL user Atmospheric Water Generator: Supplied & Serviced in KL & Terengganu Rotating Parts (O-Ring, Bearings): Supplied to Kemaman Supply Based Azrul Ikmal – 7 years IT Expert Past Experience: MTC Web System, MRT Competition System, Facebook SEO Marketing, PSB Shopping Cart System, KL Dhaka Sales and WIEF Reservation System. Mas Ajeera -1 year work experience, Related success project: Social Media Marketing, Secretary, Admin & Accounting |
| Company Background | Business was started on |
| Funding Milestone |
Acquire drone component systems – RM 39,000 (expected to get confirmation for business deal from the organizations)
Apply for insurance on drone operation – RM 1,000 Business setup (Sdn. Bhd. & get Bumiputra Status, online marketing, p – RM 10,000 (Get more deals from agricultural operator) |
| % Equity Allocation | 18 |
| Expected ROI | 0.18 |
| Risks and Mitigation |
Drone downtime is the investment risk of the business operation. Extra spare parts shall be acquired in advance for the main drone parts.
Drone is not favoured by the potential clients. The favoured parts of the drone shall be assemble to meet client needs. |
| Exit Strategies | Sell the agricultural drone at new price after 6 months of drone acquired. |
| Company Name | Albar Technology Enterprise |
| Website/Facebook | http://www.albartech.com |
| Business Address | NO 9, JLN CERGAS 2 |
| Contact Person | izzul asyraf bin mohamad salim |
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