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 and Shenzhen).
Subsidiary entity registration (Shenzhen).
Team expansion and hiring.
Business method patent filing.
Parent entity registration (BVI).
Ready for manufacturing.
2018 (3Q): Series A investment round. (USD$20M) (Current round)
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).
Meet us at RES, Guangzhou, China (May 23-25).
Establish primary revenue stream and initial network of 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 B investment round. (TBC)
Establish additional revenue streams.
Further domestic network growth (China).
Entry to multiple international markets.