Current StatusPre-Revenue
Amount InvestedRM95,000
Funding RequiredRM500,000
DescriptionWe 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 OpportunityWe 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 ModelWe 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 TeamWe currently have 2 shareholders and 1 executive share holder.
Company BackgroundWe 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 MilestoneWe will be using the funds as per following:
70%: To purchase units
20%: Operations and Marketing
10%: Authority Licensing
% Equity Allocation25%
Expected ROI2 years
Company NameBrezze Malaysia Sdn. Bhd.
Business Address15, Jalan Damansara Endah, Damansara Heights, 50490 Kuala Lumpur
Contact PersonKuhan Ganeswaran