PETRONAS Ventures
Corporate VCKuala Lumpur · 1 people tracked
Find your way into PETRONAS Ventures
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Investment thesis
PETRONAS Ventures is the corporate venture capital unit of PETRONAS, Malaysia's fully integrated national energy provider. It invests in technologies that shape the future of energy and industry, aligned with the parent company's Energy Transition Strategy. This includes areas such as renewables, cleaner and less emission-intensive energy solutions, specialty chemicals, carbon capture and storage, bio-based value chains, hydrogen, and green mobility. As a corporate VC, it supports PETRONAS's broader ambition to capture new growth opportunities while progressing toward net zero carbon emissions by 2050.
Source: firm website, verified Aug 7, 2026.
Team · 1 people
from curated
What they invest in
from 33 of 41 portfolio companiesCleantech ×16Energy ×16Climate Tech ×15AI & Machine Learning ×8Hardware ×7Deep Tech ×6Impact & Social Good ×6Advanced Manufacturing ×5
HQs:United States×14Malaysia×8India×2Singapore×2Germany×1United Kingdom×1
Investments · 41 tracked
founders shown can be your intro pathBy year:2020 · 12015 · 12 dated
Velo3D manufactures metal additive manufacturing systems using laser powder bed fusion technology for industrial production.
Advanced ManufacturingDeep TechHardwareSanta Clara, US
Benyamin Buller(Executive Officer, Director, Promoter)Erel Milshtein(Executive Officer)in
BoardStrohband Sven(Director)Ofer Shochet(Director)
Co-investorsBessemer Venture PartnersKluz VenturesLam CapitalPiva CapitalPlayground Global
Aerodyne is a drone technology and data analytics provider that offers Drone-as-a-Service and an AI-powered, cloud-based asset management platform (vertikaliti) for inspecting industrial assets such as powerlines, wind turbines, and solar installations.
AI & Machine LearningMobility & TransportationRoboticsSaaS
Co-investors500 GlobalDRONE FUNDUntroD CapitalGobi PartnersIntervestKWAP+1 more
Aether Fuels develops technology to convert syngas and carbon feedstocks into sustainable fuels, using its Aether Aurora solution built on technology licensed from GTI Energy.
CleantechClimate TechEnergy
Conor Madigan(Founder and CEO)inDhaval Shah(Chief Technology Officer)in
BoardMichelle Robson(Director)inPhilippe Inagaki(Director)
Co-investorsXora Innovation Pte LtdAP VenturesCDP Venture CapitalFoothill VenturesJetBlue VenturesSKY VC+4 more
Alloy Enterprises designs and manufactures thermal management and cooling solutions for high-density servers and critical IT equipment.
Advanced ManufacturingData & InfrastructureDefense TechEnterprise SoftwareHardwareSomerville, US
Alison Forsyth(Executive Officer, Director)Nicholas Mykulowycz(Executive Officer, Director)inAndrea Bedell(Executive Officer)
Co-investorsCongruent VenturesFlybridge Capital PartnersPiva CapitalRiot VenturesUnlessLockheed Martin Ventures
Boston Metal develops Molten Oxide Electrolysis (MOE), an electrified process for producing steel and other metals from a range of oxide feedstocks without direct emissions.
Advanced ManufacturingCleantechClimate TechNew MaterialsWoburn, US
Donald Sadoway(Co-founder (MIT professor))inAntoine Allanore(Co-founder (MIT professor))Tadeu Carneiro(CEO)in
Co-investorsBreakthrough Energy VenturesClimate InvestmentPrelude VenturesInternational Finance CorporationBMW i VenturesEnergy Impact Partners+7 more
BraintreeX builds agricultural robots and data platforms for precision farming, offering automation such as robotic fertilization along with AI-driven data insights.
AgTechAI & Machine LearningRobotics
Arif Makhdzirin
Co-investors500 GlobalAgFunder
Co-investorsIngka Investments
Econic Technologies develops a patented catalyst technology that converts CO2 and other renewable carbon sources into polyols and surfactants for use in consumer products.
Circular EconomyCleantechClimate TechNew Materials
Co-investorsClimate Investment
Green Li-ion develops technology that processes crushed and shredded black mass from lithium-ion batteries into precursor cathode active material (GREENpCAM), graphite, and technical-grade lithium carbonate.
Circular EconomyCleantechClimate TechEnergyNew MaterialsSingapore, SG
Inventor co-founder(Co-founder)Leon Farrant(CEO)inReza Katal(CTO)in
Co-investorsEntrepreneur FirstTRIRECEDP VenturesEnergy Revolution VenturesEnvisioning PartnersSOSV
Novel electrolysis technology for producing green hydrogen.
Co-investorsNSW Clean Technology Innovation GrantsVestas VenturesVirescent VenturesBlueScopeXbp venturesKiko Ventures+1 more
Co-investorsTransLink Capital
INERATEC produces synthetic fuels and chemicals from CO₂ and renewable hydrogen using microstructure technology, offering e-SAF, e-diesel, and other drop-in ready fuels and chemical products for energy and manufacturing industries.
CleantechClimate TechEnergyNot stated on page, DE
Tim Boeltken(Founder)inPfeifer Peter(Founder)in
Co-investorsEmerald Technology Ventures AgENGIE New VenturesHG VenturesHonda Innovations Silicon ValleyPiva CapitalPlanet A Ventures+2 more
Iraya Energies applies data science and machine learning to oil and gas exploration and operations, leveraging geoscience expertise and large historical datasets.
AI & Machine LearningData & InfrastructureEnergyKuala Lumpur, MY
Nina Marie Hernandez(Chief Executive Officer)Francois Baillard(Chief Technical Officer)
Koloma explores and produces natural hydrogen to support global decarbonization efforts.
CleantechClimate TechDeep TechEnergyDenver, US
Jeff Knupp(Executive Officer)inBunmi Adekore(Executive Officer, Director)Paul Harraka(Executive Officer)inPeter Johnson(Executive Officer, Director)
BoardChristian Garcia(Director)inShayle Kann(Director)in
Co-investorsBreakthrough Energy VenturesCongruent VenturesEnergy Impact PartnersEvok InnovationsMaterial ImpactMOL Switch+6 more
Co-investorsExfinity VenturesKube VCTrifecta Capital Advisors
Lunar Energy develops home energy technology that converts and stores solar power to provide continuous clean electricity for residential customers.
CleantechClimate TechEnergyHardwareMountain View, US
Mark Holveck(Founder)inKunal Girotra(Founder)in
Co-investorsACTIVATE CAPITAL PARTNERSB Capital GroupB4 CapitalDCVC (Data Collective)LeitmotifPiva Capital+4 more
Malta Inc. develops a steam-based ultra-high temperature heat pump that delivers 300–550°C process heat for industrial decarbonization and serves as the core technology for its utility-scale long-duration energy storage system.
CleantechClimate TechEnergyCambridge, US
Phil Delleville(Executive Officer, Director)inRamya Swaminathan(Executive Officer, Director)inJeannine Sargent(Director)Alex Syed(Director)Steve Hirsh(Director)
BoardJesus Santos Egea(Director)
Co-investorsBreakthrough Energy VenturesPiva Capital
Menlo Micro develops MEMS-based electronic switch technology, spun out of General Electric's Global Research Center, offering switching solutions used across a range of electronic systems including RF, industrial, and communications applications.
CleantechDeep TechHardwareSemiconductorsIthaca, US
Risa Stack(Co-Founder & Board Member)inChris Keimel(Co-Founder & CTO)inRuss Garcia(CEO)inRich Simoncic(CEO)in
Co-investorsVertical Venture PartnersGE VenturesStandard InvestmentsDBL Partners
The Merdeka Award Trust is a non-profit organization that recognizes outstanding achievements and contributions of individuals and organizations across Malaysia's key sectors, including science, technology, and the arts.
Impact & Social GoodSector AgnosticMalaysia, MY
Novastus develops moisture-removal and waste-processing systems that convert municipal solid waste into clean fuel and recyclable materials, serving industries, power companies, and municipalities seeking to reduce landfill waste.
Circular EconomyCleantechClimate TechEnergyCookeville, US
Michael Idelchik(Co-Founder / CTO)Kelly Warbis(Co-Founder / CEO)
OneRail operates the OmniPoint platform, an AI-native last-mile delivery orchestration system that optimizes delivery mode, routing, and carrier selection while providing access to a network of gig and professional couriers on a single rate card.
AI & Machine LearningLogistics & Supply ChainSaaS
Bill Catania(Founder)inJason Quintanain
Co-investorsAliment CapitalBullpen CapitalChicago VenturesCreativeCoeGateway CapitalIronspring Venture+3 more
Oobli develops sweet proteins derived from equatorial fruits and berries, using a fermentation process to produce a sugar alternative that is thousands of times sweeter than sugar.
BiotechCleantechFoodTechImpact & Social Good
Jason Ryder(Founder & CTO)in
Co-investorsGlobal BrainLever VCPiva CapitalKhosla Ventures
PETRONAS Leadership Centre is an internal talent development and leadership training organization within PETRONAS, a global energy company, focused on nurturing leaders in the energy sector through programs centered on leadership excellence, innovation, and sustainability.
EdTechEnergyEnterprise SoftwareFuture of WorkHR TechNot stated, MY
Hezlinn Idris(Chief Executive Officer, PETRONAS Leadership Centre)
Planted Solar operates a vertically integrated solar platform that links site origination, design, permitting, construction, and operations, using high-density terrain-following arrays and precision field machines to reduce land use and speed deployment.
CleantechClimate TechConstruction TechEnergyOakland, US
Richard Erb(Founder)in
Co-investorsBreakthrough Energy VenturesPiva CapitalKhosla Ventures
Plantible Foods redesigns the food supply chain to advance health for people and the planet.
AgTechBiotechFoodTechImpact & Social GoodSan Marcos, US
Tony Martens(Founder & CEO)inMaurits Van de Ven(Founder)in
BoardAlan Chen(Director)
Co-investorsAstanor VenturesCerity Partners VenturesDoon CapitalFTW VenturesGood FriendsLerer Hippeau+4 more
Pyka develops all-electric cargo aircraft for military logistics applications.
Advanced ManufacturingAgTechClimate TechDefense TechHardwareLogistics & Supply ChainRoboticsSpace TechSan Francisco, US
Michael Norcia(Co-Founder, Chief Executive Officer)inNathan White(Co-Founder, Head of Flight Operations)inKyle Moore(Co-Founder, Software Fellow)inChuma Ogunwole(Co-Founder, Chief Operating Officer)in
Co-investorsBold Capital PartnersCatapult VenturesDCVC (Data Collective)MetaplanetObvious VenturesPerot Jain+8 more
APX operates the TIGR Registry, a global platform for tracking, trading, and retiring Renewable Energy Certificates (RECs) from renewable energy projects across over 40 countries.
B2B MarketplacesCleantechClimate TechEnergySingapore, SG
Co-investorsGlobal BrainAramco Ventures
Sea6 Energy develops seaweed-derived biotechnology products and biomaterials for agriculture, animal health, food ingredients, and bioplastics, leveraging ocean farming and bioprocessing technologies.
AgTechBiotechCircular EconomyCleantechClimate TechEnergyNew MaterialsBangalore, IN
Co-investorsAqua SparkSilverstrand Capital
Ouster develops high-resolution lidar sensors for long, mid, and short-range applications, enabling automation and autonomous systems across infrastructure and industrial sectors.
AI & Machine LearningDeep TechHardwareIoTRoboticsSan Francisco, US
Charles Angus Pacala(Executive Officer, Director)Mark Frichtl(Founder)inEric Younge(Founder)inZachary Frankel(Director)David Blau(Director)Ashok M. Rao(Director)
Co-investorsAmity VenturesCongruent VenturesCreative VenturesFontinalis PartnersIDEA Fund PartnersPiva Capital+4 more
SOLS Energy is a residential solar company that designs and installs solar PV systems for homes across Malaysia, and runs off-grid solar and job-training programmes for Orang Asli and other low-income Indigenous communities.
CleantechClimate TechEnergyImpact & Social GoodMalaysia, MY
TR (Raj) Ridvan SinghinTR Raj SinghinRaj Ridvan Singh(Founder-CEO)inDanutcha SinghHakim AlbasrawyinJaran Waliain
Co-investors500 Global
Urbint builds AI and predictive analytics software that helps utilities, energy providers, and critical infrastructure companies predict and prevent incidents such as field safety hazards, storm impacts, and excavation damages.
AI & Machine LearningEnergySaaS
Corey Capasso(Founder of Urbint, SVP of Itron Resiliency Solutions)inMatt Crye(President of Urbint)inSid Jain(VP of Finance)inSonam Kala(VP of Strategy)inJim Duffy(VP of Sales)inJon Kremer(VP of Product Management)in
Co-investorsEnergize CapitalEnergy Impact PartnersPiva CapitalNational Grid PartnersSalesforce VenturesBlue Bear Capital Partners+6 more
VEIR manufactures low- and medium-voltage superconducting systems that deliver electricity for high-performance AI data centers.
AI & Machine LearningDeep TechEnergyHardwareWoburn, US
Tim Heidel(CEO & Co-Founder)in
BoardDoug Stewart(Director)Adam Wallen(Executive Officer, Director)in
Co-investorsBreakthrough Energy VenturesCongruent VenturesPiva CapitalTyche PartnersNational Grid PartnersVXI Capital+5 more
Worlds develops AI technology for processing and analyzing visual data in spatial and temporal context to enable enterprise applications in the physical world.
Advanced ManufacturingAI & Machine LearningDeep TechEnterprise Software
Dave Copps(CEO)inChris Rhode(President)
Co-investorsMoneta VenturesPiva CapitalGreen Park & Golf VenturesPerot Jain
Xage builds zero trust access and security solutions to protect critical infrastructure systems and prevent cyberattacks.
CybersecurityEnterprise SoftwareIoTSaaSPalo Alto, US
Roman Arutyunov(Executive Officer)inSusanto Irwan(Executive Officer, Director)inSriinDuncan Greatwood(Executive Officer, Director)inDorea El-Sayed(Executive Officer)Norman Thorlakson(Executive Officer)
Co-investorsCity LightMarch Capital PartnersMomenta VenturesPiva CapitalThe HiveAramco Ventures+5 more
Yayasan PETRONAS is the social impact and philanthropic arm of PETRONAS, focused on driving sustainable development in Malaysia through education, community well-being, and environmental initiatives.
Climate TechEdTechImpact & Social GoodKuala Lumpur, MY
Shariah Nelly Francis(CEO, Yayasan PETRONAS)
Exits · 1
IPOs and acquisitions across the tracked portfolioVelo 3DNASDAQ: VELO
Portfolio news
latest coverage across their companiesAether Fuels · qcintel.com · Aug 6, 2026
VEIR · newmarketpitch.com · Jul 13, 2026
Sense Photonics · benzinga.com · Jul 7, 2026
Pyka · dailyaibrief.com · Jul 2, 2026
Boston Metal · recyclingtoday.com · May 28, 2026
Lunar Energy · b.capital · Mar 19, 2026
Frequently asked questions
- How many investments has PETRONAS Ventures made?
- PETRONAS Ventures has 7 tracked investments.
- What sectors does PETRONAS Ventures focus on?
- PETRONAS Ventures focuses on Cleantech, Climate Tech, Deep Tech, Energy, Future of Work, Hardware, Mobility & Transportation, New Materials.
- Where is PETRONAS Ventures located?
- PETRONAS Ventures is headquartered in Kuala Lumpur, MY.
- Does PETRONAS Ventures lead rounds?
- PETRONAS Ventures typically participates in rounds rather than leading them.
Media · Podcasts & interviews
from their channelPeople of PETRONAS: Normah Basri
PETRONAS
PETRONAS Hari Kebangsaan & Hari Malaysia 2026: Jangan Kau Kata | Do Not Say
PETRONAS
From The Ground Up
PETRONAS
PETRONAS: Dari Alam, Datang Harapan - Edisi Pendidikan
PETRONAS
PETRONAS: Dari Alam, Datang Harapan - Edisi Air
PETRONAS
PETRONAS: Dari Alam, Datang Harapan - Edisi Solar
PETRONAS
Images
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