PETRONAS Ventures
VC Fund
Kuala Lumpur, Malaysia
PETRONAS Ventures is a VC fund in Kuala Lumpur focused on Renewable Energy and Manufacturing. PETRONAS Ventures will invest in early to growth stage companies, and will leverage on PETRONAS’ global network across the energy value chain to achieve strong alignment and strategic fit with its co-investors and partners, in helping startups to scale up.
- Total investments:
- 13
- Last investment:
- Lead investor:
- 38%
- Fund size:
- $350M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries PETRONAS Ventures invests in
Stages PETRONAS Ventures invests in
Countries PETRONAS Ventures invests in
Round sizes
Round size
- Series A
- $1.9M–$26M
- Series B
- $11M–$42M
Investment Focus
Industry
- Renewable Energy 5 (38%)
- Manufacturing 4 (31%)
- Energy 3 (23%)
- Solar 2 (15%)
- Drones 2 (15%)
Stage
- Venture - Series Unknown 4 (31%)
- Series A 3 (23%)
- Series B 2 (15%)
- Series C 2 (15%)
- Seed 1 (8%)
Country
- United States 5 (38%)
- Malaysia 4 (31%)
- China 1 (8%)
- India 1 (8%)
- Singapore 1 (8%)
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Aether Fuels is a cutting-edge climate technology firm that seeks to use ground-breaking methods for creating scalable, affordable, and sustainable fuels to decarbonize "hard-to-abate" sectors including aviation and ocean shipping. | Venture - Series Unknown / Jan 01, 2025 | ||
| Novastus is an alternative energy company that produces negative carbon fuel using waste materials. | Venture - Series Unknown / Jan 01, 2024 | ||
| Lunar Energy's mission is to transition homes to 100% clean energy. Founded in 2020, Lunar Energy is designing and engineering the world’s best clean energy products to electrify all homes and connect communities to form clean, resilient virtual power plants. The fast-growing, global company is delivering an ecosystem of all-electric productsto make our electricity greener, our air cleaner, and our energy more safe, secure, and reliable for all. | $130M / Series C / Nov 03, 2023 | ||
| Redex is a blockchain-enabled platform that monitors and confirms REC ownership transfers and retirement.Redex provides a comprehensive set of services for managing Renewable Energy Certificates. | $10M / Series A / Oct 30, 2023 | ||
| Alloy Enterprises operates as industry disruptors looking to tackle inefficiencies in conventional manufacturing. The company is based in Somerville, Massachusetts. | $26M / Series A / May 17, 2023 | ||
| Log 9 Materials Scientific Private Limited is a graphene research and development company. At Log 9 Materials we are determined to accelerate the commercialization of graphene nanotechnology. We have just developed the first commercial product on graphene- 'Smoke-safe'. This innovative graphene based cigarette filter reduces the risk ofgetting cancer by 90%. We offer a wide range of graphene (CVD graphene, rGO) and its derivatives. We bring to you graphene as researchers and not just manufactures, so we understand the triviality of the grade of our products. | $11.2M / Series B / Jan 17, 2023 | ||
| Aerodyne Group (https://aerodyne.group) is a DT3 (Drone Tech, Data Tech, and Digital Transformation) drone-based enterprise solutions provider, and a pioneer in the use of artificial intelligence as an enabling technology for large-scale data operations, analytics, and process optimization. Aerodyne employs over 1000 droneprofessionals to operate on an unprecedented level in the UAS services sector, having managed more than 560,000 infrastructure assets with 458,058 flight operations and surveyed over 380,000 km of power infrastructure across 32 countries globally.Aerodyne is ranked first in the world by Drone Industry Insights (DII) in its ‘Drone Service Provider Ranking 2021’ and ‘Drone Service Provider (Remote Sensing) Ranking 2022; was named Frost & Sullivan’s ‘Asia Pacific UAV Services Company of 2019’; and is a recipient of the Institute of Engineering and Technology (IET) Malaysia’s ‘Industry Excellence Gold Award 2019’. The company’s founder and Group CEO, Kamarul A Muhamed, is 'EY’s Entrepreneur of the Year 2020', 'EY’s Technology Entrepreneur of the Year 2020 Malaysia', Technode Global’s Startup Leader of the Year 2021’, as well as 'SEBA Entrepreneur of the Year 2020'. | $30M / Convertible Note / Sep 26, 2022 | ||
| Immotor develops and sells portable and personal transport systems. Its products include Immotor GO, a portable motorized scooter; Immotor Super Battery, a power management source; and Immotor Cloud, a remote control and fleet management tool for Immotor GO. Daniel Huang founded Immotor on April 5, 2016. It has its headquarters in Shenzhen inChina. | Series C / Jun 28, 2022 | ||
| Log 9 Materials Scientific Private Limited is a graphene research and development company. At Log 9 Materials we are determined to accelerate the commercialization of graphene nanotechnology. We have just developed the first commercial product on graphene- 'Smoke-safe'. This innovative graphene based cigarette filter reduces the risk ofgetting cancer by 90%. We offer a wide range of graphene (CVD graphene, rGO) and its derivatives. We bring to you graphene as researchers and not just manufactures, so we understand the triviality of the grade of our products. | $1.9M / Series A / Oct 07, 2021 | ||
| Ouster builds high-resolution lidar sensors for autonomous vehicles, robotics, and many other applications. Using its unique multi-beam flash lidar design, Ouster brings Moore's Law to lidar with an all-semiconductor approach to 3D sensing. Ouster is a privately held, venture-backed company located in San Francisco, California. | $42M / Series B / Sep 08, 2020 | ||
| See all 13 investments → | |||
Co-Investors
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FAQ
What does PETRONAS Ventures invest in?
PETRONAS Ventures invests primarily in Renewable Energy, Manufacturing and Energy startups, most often at Venture - Series Unknown and Series A stage. Most of the 13 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What round sizes does PETRONAS Ventures invest in?
PETRONAS Ventures typically joins rounds of $1.9M–$26M at Series A and $11M–$42M at Series B. These are whole funding-round sizes, not PETRONAS Ventures's own check, which is rarely disclosed: the 10th–90th percentile of the confirmed public funding rounds PETRONAS Ventures took part in.
When did PETRONAS Ventures last invest?
The most recent investment recorded for PETRONAS Ventures closed in Jan 2025. Shizune tracks 13 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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