PETRONAS Ventures
Corporate VCKuala Lumpur
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.
What they invest in
from 32 of 41 portfolio companiesCleantech ×13Energy ×13Climate Tech ×10AI & Machine Learning ×8Hardware ×7Impact & Social Good ×6Advanced Manufacturing ×5Deep Tech ×5
HQs:United States×8Malaysia×4Singapore×2Germany×1Indonesia×1India×1
Investments · 41 tracked
founders shown can be your intro pathVelo3D 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)
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 LearningRoboticsSaaS
Co-investorsDRONE FUNDUntroD CapitalGobi PartnersIntervestKWAPVentureTECH
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)Dhaval Shah(Chief Technology Officer)
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)Andrea Bedell(Executive Officer)
Co-investorsCongruent VenturesFlybridge Capital PartnersPiva CapitalRiot VenturesUnlessLockheed Martin Ventures
Co-investorsAster Capital
Boston Metal develops Molten Oxide Electrolysis (MOE), a platform technology for producing high-value and critical metals from inputs such as low-grade ores, mining waste, and industrial waste.
Advanced ManufacturingCleantechNew Materials
Tadeu Carneiro(CEO)in
Co-investorsBMW i VenturesClimate InvestmentEnergy Impact PartnersFine Structures VenturesKhosla VenturesMarunouchi Innovation Partners+6 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
Co-investorsAgFunder
Co-investorsIngka Investments
Econic develops a patented catalyst technology that converts CO2 into renewable-carbon polyols and surfactants, replacing fossil-based raw materials.
CleantechClimate 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
Leon Farrant(CEO)inReza Katal(CTO)inInventor co-founder(Co-founder)
Co-investorsEntrepreneur FirstEDP VenturesEnergy Revolution VenturesEnvisioning PartnersSOSVTRIREC
Novel electrolysis technology for producing green hydrogen.
Co-investorsNSW Clean Technology Innovation GrantsVirescent Ventures
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
Co-investorsEmerald Technology Ventures AgENGIE New VenturesHG VenturesPiva CapitalWIND VenturesExtantia Capital
Iraya Energies uses machine learning and AI to turn unstructured geoscience and engineering data into searchable, actionable insights for oil, gas, and energy exploration and production companies.
AI & Machine LearningData & InfrastructureEnergy
Nina Marie Hernandez(CEO)
Koloma explores and produces natural hydrogen to support global decarbonization efforts.
CleantechClimate TechDeep TechEnergyDenver, US
Jeff Knupp(Executive Officer)Bunmi Adekore(Executive Officer, Director)Paul Harraka(Executive Officer)Peter Johnson(Executive Officer, Director)
BoardChristian Garcia(Director)inShayle Kann(Director)in
Co-investorsCongruent VenturesEnergy Impact PartnersEvok InnovationsMaterial ImpactMOL SwitchPiva Capital+4 more
Co-investorsExfinity VenturesKube VCTrifecta Capital Advisors
Lunar Energy makes a home energy system that generates, stores, and uses solar power to reduce electricity bills and support grid stability.
CleantechEnergyHardware
Mark Holveck(Founder)in
Co-investorsACTIVATE CAPITAL PARTNERSB Capital GroupB4 CapitalDCVC (Data Collective)LeitmotifPiva Capital+4 more
EnergyCambridge, US
Phil Delleville(Executive Officer, Director)Ramya Swaminathan(Executive Officer, Director)Jeannine Sargent(Director)Alex Syed(Director)Steve Hirsh(Director)
BoardJesus Santos Egea(Director)
Co-investorsPiva CapitalBreakthrough Energy Ventures
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
Chris(Co-Founder & CTO)Risa Stack(Co-Founder & Board Member)Russ Garcia(CEO)
Co-investorsVertical Venture PartnersGE VenturesStandard InvestmentsDBL Partners
The Merdeka Award Trust runs recognition programmes, including the Merdeka Award and the Merdeka Award Grant for International Attachment, to honour individuals and organisations for their contributions to Malaysia across fields such as science, technology, and the arts.
Impact & Social Good
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 CapitalCreativeCoLas Olas Venture CapitalPontifax AgTech
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)
Co-investorsGlobal BrainLever VCPiva CapitalKhosla Ventures
PETRONAS Leadership Centre is the corporate learning and leadership development hub of energy company PETRONAS, offering leadership and functional-skills programmes built with top business schools and partners for the company's talents.
EdTechEnergyFuture of Work
Co-investorsPiva Capital
Plantible Foods redesigns the food supply chain to advance health for people and the planet.
AgTechBiotechFoodTechImpact & Social Good
Tony Martens(Founder & CEO)inMaurits Van de Ven(Founder)
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(Founder/CEO)inNathan White(Founder/CEO)inKyle Moore(Founder)inChuma Ogunwole(Founder/COO)in
Co-investorsBold Capital PartnersCatapult VenturesDCVC (Data Collective)MetaplanetObvious VenturesPerot Jain+4 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 mechanized, large-scale ocean farming of tropical seaweed and converts the biomass into patented products for agriculture, aquaculture, food ingredients, renewable chemicals, bioplastics, and biofuel.
AgTechClimate TechNew MaterialsBangalore, IN
Co-investorsAqua SparkSilverstrand Capital
SEEd.Lab (Social Enterprise Education Lab) is a program that helps young graduates and entrepreneurs develop, scale, and commercialize social enterprises addressing social and environmental problems.
EdTechImpact & Social Good
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 LearningHardwareIoTRobotics
Mark Frichtl(Founder)inEric Younge(Founder)in
Co-investorsAmity VenturesCongruent VenturesCreative VenturesIDEA Fund PartnersPiva CapitalPrelude Ventures+1 more
SOLS Energy installs residential and commercial solar PV systems and EV chargers across Malaysia, serving homeowners, businesses, and off-grid Orang Asli (Indigenous) communities.
CleantechEnergyImpact & Social Good
Urbint provides an AI-powered platform that helps energy and utility companies predict operational risks through emergency preparedness and response, worker safety, and damage prevention (811 ticket risk-profiling to prevent excavation strikes).
AI & Machine LearningEnergySaaS
Corey Capasso(Founder)in
Co-investorsBlue Bear Capital PartnersClimate InvestmentEnergize CapitalEnergy Impact PartnersMagma PartnersMetaProp Ventures+5 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-investorsCongruent VenturesPiva CapitalTyche PartnersBreakthrough Energy VenturesNational 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)Chris 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+2 more
Yayasan PETRONAS is the social impact foundation of PETRONAS, running and funding community programs in education, community well-being and development, and environment across Malaysia.
Climate TechImpact & Social GoodKuala Lumpur, MY
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
Pyka · dailyaibrief.com · Jul 2, 2026
Boston Metal · recyclingtoday.com · May 28, 2026
Lunar Energy · b.capital · Mar 19, 2026
Sense Photonics · finance.yahoo.com · Feb 9, 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 channelFrom 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
Nurturing Life Below Water
PETRONAS
PETRONAS @ IPA Convex 2026
PETRONAS
Images
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