Proton New Energy Technology (Pro-Net) secures MYR 200 million from CIMB Bank to support green mobility initiative in Malaysia
Amount Raised
RM200 Million
Round Type
Funding Round
Petaling JayaManufacturingRetail Motor VehiclesInvestors
Description
Proton New Energy Technology (Pro-Net), a subsidiary of Proton, has secured MYR 200 million (USD 42.1 million) in funding from CIMB Bank. The capital will facilitate Pro-Net's ability to meet the rising demand for electric vehicles (EVs) and upgrade EV infrastructure, aligning with Malaysia’s objective of achieving carbon neutrality. Additionally, the funds will support Pro-Net’s importation and distribution of Smart #1 vehicles.
Quick answer
Proton New Energy Technology (Pro-Net) raised RM200 Million in a Funding Round round, dated April 5, 2024. Investors: CIMB Bank. Proton New Energy Technology (Pro-Net) is based in Petaling Jaya, Selangor, Malaysia.
- How much did Proton New Energy Technology (Pro-Net) raise?
- Proton New Energy Technology (Pro-Net) raised RM200 Million in a Funding Round round on April 5, 2024.
- Who invested in Proton New Energy Technology (Pro-Net)?
- CIMB Bank is named as investors in this round.
- What does Proton New Energy Technology (Pro-Net) do?
- Proton New Energy Technology (Pro-Net) is a wholly owned subsidiary of Malaysian automaker Proton, tasked with fulfilling Proton’s commitment to its EV agenda and leading the automotive manufacturer’s transition toward..
- Where is Proton New Energy Technology (Pro-Net) based and how big is it?
- Proton New Energy Technology (Pro-Net) is based in Petaling Jaya, Selangor, Malaysia.
Source: Fundz verified event record.
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