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V-Charge

V-Charge aims to be South East Asia’s largest power bank sharing ecosystem, enabling its users to stay charged and connected at all times. V-Charge’s unique power bank sharing model with a ‘Zero Deposit’ system, is targeted at retail and shopping mall outlets across the Klang Valley, and is already stationed at key locations such as Pavilion KL and Avenue K. 

Campaign Closed RM 2,945,250 raised
589% Complete
589% of target 0 days left
Investors13
Min Target RM 500,000
Max TargetRM 3,000,000

Introduction

CL Technologies (International) Sdn Bhd was established in February 2019 as a technological solutions provider which focuses on technologies which improve lifestyle convenience and simplicity.
 

Recognizing the importance of staying charged and connected to your smartphone at all times in the current age. CL Technologies has developed its unique power bank sharing model, ‘V-Charge’, to address the common but crucial pain point of phone batteries running out of power at crucial times.


Our  mission is to be Malaysia, and eventually South East Asia’s largest power bank sharing ecosystem, by focusing on simplicity and convenience in both our payment and usage processes for our V-Charge stations, situated across key locations in the Klang Valley.


What We Do

The Challenge

cl the problem

 

Our Solution

Users can now access our V-charge Power Bank Stations situated across key locations in the Klang Valley and rent our power banks for just RM 1 per hour (with no deposit required).

Just by following this steps:

cltech the product

 

 

 


Why Are We Different

No Upfront Deposit for Users

We are the only power bank rental station in the market that charges users zero deposit. Survey shows 63% of people are not inclined towards paying an upfront deposit.

 

Convenient and Portable Size

Our compact-sized Brezze stations cater to all sizes of premises and allow our partner merchants to place our V-Charge stations wherever they think is most convenient.

 

Worldwide Presence

The V-charge brand is getting its name out there with stations already present in China, Hong Kong, Thailand, and Indonesia.

 


Our Revenue Model

CL Technologies (International) Sdn Bhd has develop V-charge’s software and has secured assets of 600 units of V-Charge power bank rental machines, and over 6000 units of Power Banks, which have been deployed across F&B outlets, 24 hour laundries, spa centers, mamak stores and shopping malls situation across the Klang Valley.

V-Charge users rent a Power Bank at Point A, and return it to Point B, with a low rental fee of only RM 1.00 per hour, up to a maximum rental of RM 10.00 for 24 hours.


Our Market Opportunity

According to iResearch, the market size of China’s power bank sharing sector recorded almost 100 million yuan in 2017 and is projected to hit 330 million yuan in 2020. An investment carnival in 2017 saw five power bank rental startups attract over 20 investment institutions, together pooling a staggering RMB 300 million (US$ 43 million) of investments in a single month.

cltech global market

 

 


Our Strategy

Short Term

  • To build our network of V-Charge stations across prime locations in the Klang Valley and increase awareness of our service

 
Medium Term

  • Expanding to different states in Malaysia

  • Advertising on screen spots, power banks wraps and kiosk wraps

 
Long Term

  • Data utilization for various purposes


Our Achievements

Premier Shopping Malls - Pavilion Kuala Lumpur

pavi 1

cltech

 

Café / Restaurant

cltech cafe 2

cafe 2

 

Self Service Laundry and Auto Workshop

self laundry 1

car

 

Active Lifestyle and Outdoor Event

lifestyle 1

bar


Indicative Usage of Funds

Funding Allocation of RM3 million

cltech chart

 

Financial Projection Overview from Year 2021-2023

financial projection


The Team

Kevin Ng Chen Lok

Managing Director

Developing and implementing strategic plans and company policies, maintaining an open dialogue with stakeholders, manage and advance a business's strategic objectives

Samuel Yap Kee Wai

Sale Vice President

Overseeing internal operations, helping to build strong customer relationships, maximising the company's operating performance, and helping to achieve the company's financial goals.

Term Sheet

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