AirForce by Ecotech

Ecotech Sales & Services Sdn Bhd aims to be the largest air conditioner servicing company in Malaysia by launching the first air conditioner service maintenance app, Airforce. Airforce will provide hassle-free, reliable and convenient air conditioner service maintenance to customers in real time as well as provide a platform for air conditioner technicians to find business easily and increase profitability.

Campaign Closed

% of target	0 days left
Investors	0
Min Target	RM 500,000
Max Target	RM 3,000,000

Introduction

Ecotech Sales & Services Sdn Bhd does retail, wholesale, installation, service and repair of various types of air conditioner system. Founded in 2011, Ecotech has since accumulated many air conditioner brands distributorship, authorised service partners dealership and original equipment manufacturer spare part centre. Currently, Ecotech is involved in many air conditioner projects installation and buildings service maintenance work.

What We Do

The Challenge

Currently, the air conditioner maintenance service market is very conventional, with a small proportion of technicians having any online presence. It is a hassle to find and hire qualified professional air conditioner technicians to service and repair your air conditioners. Jobs are transacted based on returning customers, word of mouth or locating air conditioner stores. Depending on referrals from acquaintances is very time consuming. Therefore the opportunity arises to provide professional air conditioner services for the Malaysian market with ease and convenient via similar apps like Uber.

Our Solution

AirForce App

A real-time and location-based app
Through AirForce, users will be able to view currently available AirForce-approved technicians in the area and book their services in real-time
- Reduce waiting time for end users and technicians
- End users able to book appointments in real time
- Technicians will not have to wait unnecessarily for no show customers

AirForce Service Centres

We will have branches in every state to support the AirForce approved technicians (in terms of spare parts) and after sales service to customers to maintain service quality

Customers

Convenience.
Readily available professional technician in real time.
Customer is in good hands.
AirForce-approved: The AC technicians are carefully screened, reviewed and evaluated.
Service satisfaction guaranteed.

AC Technicians

Immediate customers channel.
Save time and cost.
Reduce the travel time and waiting time for professional partners.
Real-time technical advice through call centre.
Spare part pricing and availability are readily available.

Why Are We Different

Pioneer in the market. Airforce will be the first App to offer air conditioner service maintenance in real time.

Young, dynamic and strong technical team. Ecotech will be able to fully support the App business technically.

Strong network throughout Malaysia. Recruitment of professional partners will be viable.

Strong partnership with suppliers. Close collaborations will be key success to Airforce.

Our Revenue Model

Transaction Fee

Amount charged to each technician per booking

Number of Transactions

Amount charged to each technician per booking

Revenue in 3 years

Based on RM100 per A/C Servicing

Professional Partners. Ecotech will take a 10% cut from the service and installation fee charged to customers.
Advertisement. Push advertisement thru App will generate advertising revenue.
Endorsement. Big data analysis and brand collaboration should generate endorsement revenue.

Our Market Opportunity

Number of Air Conditioning units in Malaysia
Based on sale of 7.3 million units of air conditioners was sold in 2017 and 5-year lifespan of an air conditioner
_{Source: Cardas Consulting Research}

Air conditioner service maintenance industry in Malaysia
Based on RM200 annual average service maintenance cost for an air conditioner

Our Strategy

Ecotech Strategy

Our Achievements

Key Partnerships

Under Ecotech Air Cond Centre, we are the authorised service dealer* for LG, Panasonic, Hisense, Midea, York, Gree, Sharp, Samsung and Carrier, meaning we are authorised and referred to for after-sales services for their brands. With the launch of our AirForce app, we intend to leverage on these existing partnerships.

Panasonic Million Dollar Dealer since 2011*
Panasonic Authorised Service Dealer and Spare Part Centre*
Samsung Authorised Service Dealer and Spare Part Centre*
Sharp Authorised Service Dealer and Spare Part Centre*
LG Authorised Service Dealer and Spare Part Centre*
Midea Authorised Service Dealer and Spare Part Centre*
Carrier Authorised Service Dealer and Spare Part Centre*
Hitachi, York, Hisense and Gree Authorised Distributor*

We secured a contract with Bank Rakyat Malaysia to supply and install air conditioners for their 70 branches throughout Peninsular and East Malaysia.

We have also partnered with Sapura Research for air conditoner installation for their 300 telecommunication cabins throughout Malaysia.

_{*currently under Ecotech Air Cond Centre. Operations will be migrated to Ecotech Sales & Services Sdn Bhd}

Indicative Usage of Funds

The Team

Yeo Weng Keong

Founder & Director

Benny Yeo

Technical Director

Manson Khoo

Marketing Director

Term Sheet

Issuer: Ecotech Sales & Service Sdn Bhd, a private limited company incorporated in Malaysia, a private limited company incorporated in Malaysia

Type of Equity: Ordinary Shares (“Shares”)

Fund Raising Period: 90 days

Pre Money Valuation: RM12,000,000

Minimum Fundraising Target: RM 500,000

Maximum Fundraising Target: RM 3,000,000

Price per Share: RM 120.00

Minimum Equity Offered: 4%

Maximum Equity Offered: 20%

Minimum Shares Offered: 4167

Maximum Shares Offered: 25000

Minimum Investment Amount: RM 1,200

Rewards: Reward Tier 1

Investment Amount

RM 1,200

Reward(s)

GIFT VOUCHER WORTH RM 50.00

Reward Tier 2

Investment Amount

RM 6,000

Reward(s)

GIFT VOUCHER WORTH RM 300.00 + Exclusive offers on Air Conditioner deals

Reward Tier 3

Investment Amount

RM 12,000

Reward(s)

Airforce Gold MEMBERSHIP CARD + GIFT VOUCHER RM 650.00 + Exclusive offers on Air Conditioner deals

Reward Tier 4

Investment Amount

RM 96,000

Reward(s)

Airforce Gold MEMBERSHIP CARD + GIFT VOUCHER RM 4800.00 + Invitation to App Launch Ceremony + Exclusive offers on Air Conditioner deals

Impact on Shareholding Structure Upon Completion of the Offering

Investor Eligibility: Retail, Angel, Sophisticated, and/or Institutional Investors, subject to the applicable investment limits prescribed under the Securities Commission’s Guidelines on Recognised Markets.

Pre Emptive Rights

Type of Shares

Information: Issuer to provide additional information upon request

Closing Period: 14 working days after the end of the Fundraising Period.

Use of Proceeds: The funds will be used for App development, expansion, marketing and operations. The funds will be transferred to the Issuer by the end of the Closing Date.

Subscription Procedure: An Investment Agreement to subscribe ordinary shares and subject to review if required or necessary, the procedure may be amended by the Issuer and the ECF Platform.

Disclaimer: The information, calculations and remarks expressed on this term sheet or on any other part of the platform are based on information provided, disclosed and presented by Ecotech Sales & Services Sdn Bhd to Ata Plus Sdn Bhd, either in part or in whole. Ata Plus disclaims responsibility for the accuracy, completeness and/or validity of these information, and hence will not be held liable for any inaccurate, inappropriate or incomplete information presented on this term sheet or on any other part of the platform subject to the following :
The financial information listed on the deal page is provided by the Issuer; which includes the financial forecasts and projections, the capitalization table, the term sheet, and management accounts.
The financial forecasts and projections have been prepared by the issuer based on assumptions that have not been reviewed and certified by an independent certified accountant for its reasonableness.
THE ISSUER agrees that; all information concerning the product, business and the assets of THE ISSUER that have been furnished to Ata Plus Sdn Bhd for the purpose of the equity crowdfunding campaign is true, complete, and accurate in all material respect and is not misleading or deceptive whether by inclusion or omission.
Should the Investor require more information, they can do so by contacting Ecotech Sales & Services Sdn Bhd directly at [email protected]

Disclosure: This issuer is referred by a 3rd party which is . Ata Plus is not associated or related to the issuer and the referral party.

Disclaimer by Securities Commission

(i) No shares will be alotted or issued based on this document after six months from the closing of the offer period

(ii) This issue, offer or invitation for the offering is a proposal not requiring authorisation of the Securities Commission under section 212(8) of the CMSA 2007

(iii) This document has not been reviewed by the Securities Commission Malaysia. The Securities Commission does not recommend nor assumes responsibility for any information including any statement, opinion or report disclosed in relation to this fund raising exercise and makes no representation as to its accuracy or completeness. The Securities Commission expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the information disclosed.

Issuer	Ecotech Sales & Service Sdn Bhd, a private limited company incorporated in Malaysia
Type of Equity	Ordinary Shares (“Shares”)
Fund Raising Period	90 days
Pre Money Valuation	RM12,000,000
Minimum Fundraising Target	RM 500,000
Maximum Fundraising Target	RM 3,000,000
Price per Share	RM 120.00
Minimum Equity Offered	4%
Maximum Equity Offered	20%
Minimum Shares Offered	4167
Maximum Shares Offered	25000
Minimum Investment Amount	RM 1,200
Rewards	Reward Tier 1 Investment Amount RM 1,200 Reward(s) GIFT VOUCHER WORTH RM 50.00 Reward Tier 2 Investment Amount RM 6,000 Reward(s) GIFT VOUCHER WORTH RM 300.00 + Exclusive offers on Air Conditioner deals Reward Tier 3 Investment Amount RM 12,000 Reward(s) Airforce Gold MEMBERSHIP CARD + GIFT VOUCHER RM 650.00 + Exclusive offers on Air Conditioner deals Reward Tier 4 Investment Amount RM 96,000 Reward(s) Airforce Gold MEMBERSHIP CARD + GIFT VOUCHER RM 4800.00 + Invitation to App Launch Ceremony + Exclusive offers on Air Conditioner deals
Investor Eligibility	Retail, Angel, Sophisticated, and/or Institutional Investors, subject to the applicable investment limits prescribed under the Securities Commission’s Guidelines on Recognised Markets.
Information	Issuer to provide additional information upon request
Closing Period	14 working days after the end of the Fundraising Period.
Use of Proceeds	The funds will be used for App development, expansion, marketing and operations. The funds will be transferred to the Issuer by the end of the Closing Date.
Subscription Procedure	An Investment Agreement to subscribe ordinary shares and subject to review if required or necessary, the procedure may be amended by the Issuer and the ECF Platform.
Disclaimer	The information, calculations and remarks expressed on this term sheet or on any other part of the platform are based on information provided, disclosed and presented by Ecotech Sales & Services Sdn Bhd to Ata Plus Sdn Bhd, either in part or in whole. Ata Plus disclaims responsibility for the accuracy, completeness and/or validity of these information, and hence will not be held liable for any inaccurate, inappropriate or incomplete information presented on this term sheet or on any other part of the platform subject to the following : The financial information listed on the deal page is provided by the Issuer; which includes the financial forecasts and projections, the capitalization table, the term sheet, and management accounts. The financial forecasts and projections have been prepared by the issuer based on assumptions that have not been reviewed and certified by an independent certified accountant for its reasonableness. THE ISSUER agrees that; all information concerning the product, business and the assets of THE ISSUER that have been furnished to Ata Plus Sdn Bhd for the purpose of the equity crowdfunding campaign is true, complete, and accurate in all material respect and is not misleading or deceptive whether by inclusion or omission. Should the Investor require more information, they can do so by contacting Ecotech Sales & Services Sdn Bhd directly at [email protected]
Disclaimer by Securities Commission	(i) No shares will be alotted or issued based on this document after six months from the closing of the offer period (ii) This issue, offer or invitation for the offering is a proposal not requiring authorisation of the Securities Commission under section 212(8) of the CMSA 2007 (iii) This document has not been reviewed by the Securities Commission Malaysia. The Securities Commission does not recommend nor assumes responsibility for any information including any statement, opinion or report disclosed in relation to this fund raising exercise and makes no representation as to its accuracy or completeness. The Securities Commission expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the information disclosed.

Risk Disclaimer

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