KUALA LUMPUR, Nov 9 (Bernama) — Agroz Group Sdn Bhd (“Agroz”) and AVF Ventures Sdn Bhd, through its investee company, Agroz Vertical Farms Sdn Bhd (“AVF”), has launched an equity crowdfunding (“ECF”) campaign through pitchIN, Malaysia’s leading equity crowdfunding platform and a Registered Market Operator (RMO) with the Securities Commission of Malaysia. Through this ECF campaign, AVF aims to raise a maximum of RM6.5 million to build a new Controlled Environment Agriculture (“CEA”) indoor vertical farm in Selangor in an effort to boost supply capacity to meet unmet demands of leafy greens and herbs in the Klang Valley.
The new farm will be built in a plant factory with an estimated 5,000 to 6,000 sqft growing area to maximise space and yields and produce higher leafy greens and herbs yields. This new CEA farm will be Malaysia’s first industrial scale designed CEA indoor vertical farm that will bolster Malaysia’s effort for food security.
