Malaysia-based Poladrone raises $4.29M seed round to protect crops –
Summary
Rhinoceros beetles are one of the greatest threats to oil palm crops, attacking plants while they are young and potentially lowering a farm’s yield for years. Founded in 2016 by Cheong Jin Xi, Poladrone now operates in Malaysia and Thailand and plans to expand into Indonesia, the world’s largest oil palm producer. Its seed round will be used for more hiring and to scale operations and build more Service Centers in agricultural areas, where clients can buy equipment and spare parts. In 2020, the company launched Oryctes, developed with support from Malaysia Digital Economy Corporation, for precision spot spraying of rhinoceros beetles and other pests. In addition to selling its products, Poladrone’s Service Centers also provide repairs, training and workshops, with the goal of increasing drone adoption.
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