2016: Concept development and prototyping.
Research in Japan.
Component research in Shenzhen.
2016 (June): Seed round. (USD$1.5M)
Initial entity registration (Hong Kong).
Office and lab setup (Hong Kong, Shenzhen, Zhuhai).
Subsidiary entity registration (Shenzhen, Zhuhai).
Team expansion and hiring.
Business method patent filing.
Parent entity registration (BVI).
Belt and Road Innovation Conference (BARIC), Xiamen, China (May 11-13).
SIAL China/Asia Food Tech/Fresh Logistics Asia/Fresh Food Asia, Shanghai, China (May 16-18).
RES, Guangzhou, China (May 23-25).
F&A Next, Wageningen, Netherlands (May 30-31).
Profiled by Yicai Global, Shanghai, China (June 11).
ARM Innovator Asia Tour, Shenzhen, China (June 29).
RISE, Hong Kong, China (July 9-12).
Subsidiary entity registration (Macau).
Ready for manufacturing.
2018 (3Q): Series A investment round. (USD$20M) (Current round)
Establish primary revenue stream and initial network of 300 service locations (HK/Macau/Guangdong).
Establish central facility and service fleet.
Prove operations around logistics, supply-chain and servicing.
Ongoing customer growth.
Further engineering enhancement.
International market entry research.
2020 (1Q-2Q): Series A+ investment round. (TBC)
Establish additional revenue streams.
Further domestic network growth (China).
Entry to multiple international markets.