Newton Eco Technology raising RM1mil via equity crowdfunding
By Digital News Asia January 10, 2019
- A one-stop integrated total energy management solutions provider across SEA
- Currently the company has projects worth RM28.7 million
NEWTON Eco Technology is looking to raise RM1 million to meet the increased demand for energy saving solutions and products across Malaysia. The company aims to raise the funds through Equity Crowdfunding (ECF) on the Ata Plus platform.
As Malaysia’s electricity demand continues to outstrip supply, emphasis has shifted to energy efficiency solutions. Newton Eco Technology, founded in 2014, set out to tackle the issue by providing energy-saving technology.
Newton Eco Technology is a one-stop integrated total energy management solutions provider with businesses across Southeast Asia, primarily focusing on the Malaysian market.
Its Integrated Eco Service uses Green technology, with a variety of advanced technological products and solutions to address the inefficiency in energy consumption.
With over 15 patents and innovative products under its belt, the company aims to reduce carbon footprint whilst improving a sustainable living environment.
Newton Eco Technology installs advanced energy management equipment and then earns fee income based on a pre-determined percentage of the amount of energy, water and other cost savings from their clients, which primarily consist of Blue Chip and international companies, government linked companies and hotels.
In the short term, clients contract the energy management of their whole facilities to Newton Eco Technology and pay an energy management fee regularly.
Newton Eco Technology will be responsible for the energy management of the client’s whole facility.
The dual purposes of the abovementioned proposal are to reduce the cost of the purchase of machines by clients and reduce the electricity fee paid by clients annually, achieving total energy savings and cost containment.
Since its establishment, Newton Eco Technology has secured Energy Management Service (EMS) contracts from numerous blue chip and international clients such as Mydin, CIMB, Epson, Capitaland and others.
Currently the company has projects worth RM28.7 million and with an additional RM150 million worth of projects in the pipeline.
“We believe that we are currently in an advantageous position with the new government strongly supporting the green industry. In the long term, we will carry out regional expansion plan. We will focus on expanding our client base by widening our target sectors and geographical coverage in Southeast Asia.
“In addition, the total energy management solutions market is expected to grow at double digit year-on-year so it has much growth potential,” said Newton Eco Technology executive director N Szeto.
“Newton’s technology has been widely accepted by the market and have been successfully penetrated to different market sectors. Newton clearly has a strong market network and positioning.
“With Newton’s business model in the market, we believe that Newton has the ability to penetrate the Malaysian market as well as the Asean market in a very short time and will become the major energy-saving service provider in these areas and sectors.” added N Szeto.
“The energy-saving industry is about to see exponential growth with the growing number of green conscious in society,” said Elain Lockman, co-founder and director of Ata Plus. “We are confident in Newton Eco Technology’s future growth, particularly from all the traction and partnerships it has secured from blue chip and international clients,” Elain added.
Accommodating the growth of energy management systems, Newton Eco Technology is now seeking funds to accommodate the demand for products , as well as improve product efficiency and customer experience.
For more information on the company and the investment details, please visit https://ataplus.com/deals/newton-eco-technology.