Kuala Lumpur, 9 December 2020 – CL Technologies (International) Sdn Bhd, a Malaysian technological solution provider best known for its product, the V-Charge Power Bank Station has launched its Equity Crowdfunding (ECF) campaign with Ata Plus, a registered and recognised ECF platform under the Securities Commission. It is raising up to a maximum of RM3,000,000 and is offering investors up to a 15.38 percent stake in its company. To date, CL Technology has raised RM1,963,500 from ECF investors.
The solutions provider prides itself on using technology to introduce convenience and simplicity into its customers’ lives and implements this vision seamlessly through its power bank sharing model, ‘V-Charge’. Recognising the increasing importance of having our smartphones connected throughout the day, CL Technologies provides a solution before it becomes a problem by providing power banks for rent.
Guided by the simple mission of becoming Malaysia’s – then eventually, South East Asia’s largest power bank sharing ecosystem, CL Technologies strategically places its V-Charge stations at key locations across the Klang Valley. Easily located, and highly accessible, the company adds to its reputation of being user-friendly by introducing the only power bank rental station which charges its users zero deposit, and offers rental rates as low as RM 1 per hour.
Charging into an increasing wireless community, over 6,000 V-Charge power bank units have been deliberately set-up in locations where plug points are unavailable or inconvenient to access such as in F&B outlets, 24-hour laundromats, spas, and auto-workshops around Klang Valley. Passionate and determined, Kevin Ng, the Managing Director of CL Technologies said, “V-Charge is all about providing a solution to everyone’s common problem. This shared-economy business model was built towards improving lifestyle convenience and offering simplicity to all, and so everyone should be given the opportunity to participate.” The most prominently featured charging stations are located in Pavilion KL and Avenue K in Kuala Lumpur.
Adding on, Samuel Yap, CL Technology’s Vice President of Sales also emphasised on the importance of community in getting V-Charge off the ground, “Through this ECF campaign, V-Charge opens the opportunity for retail investors to join our growing business with a minimum investment of only RM 3,000, as we believe visibility and participation amongst the public is crucial to the nature of our business.”
V-Charge serves an increasing global appetite, with the brand having set up its stations in China, Hong Kong, Thailand and Indonesia. Approximately 70 percent of the funds raised will be invested towards the purchase and sales activities of CL-Technology. The remainder will be channelled to marketing, certification and licensing.
“The company has placed an incredible amount of work in their campaign and it is exciting to see this effort is being recognised by investors as well. So far, CL Technology has gone 292 percent above their minimum target, with more funds being raised,” said Elain Lockman, Co-Founder and Director of Ata Plus. “Having been around for the launch of the Equity Crowdfunding concept in Malaysia, it is deeply vindicating to have more and more companies turning to alternative funding platforms like us for fundraising and to observe the increasing confidence and interest from investors as well,” added Elain.
For more information on CL Technologies and the investment details, please visit https://ata-plus.com/deals/cltech.
