OpenSys, Peoplender in tie-up to provide financing to SMEs to go solar

KUALA LUMPUR, Sept 14 -- OpenSys (M) Bhd's subsidiary OpenSys Technologies Sdn Bhd has collaborated with Peoplender Sdn Bhd, the market operator of peer-to-peer (P2P) financing platform Fundaztic, to assist small and medium enterprises (SMEs) go green via solar investments.

OpenSys said Fundaztic will become the first P2P financier on OpenSys Technologies' buySolar platform, offering a total of RM5 million in financing to keen SMEs, it said in a joint statement today.

buySolar is a one-stop online marketplace, offering end-to-end solar installation services from online application, cost estimation, financing to after-sales services.

It said the financing will be made available to fund the purchase of solar systems costing up to RM200,000 per SME.

The funding will cover the system cost, net energy metering cost, installation, and other related professional/installation costs.

Fundaztic will raise the funds for the collateral-free term financing of up to 90 per cent of the final quotation amount using its online P2P platform.

Successful buySolar customers will then make monthly repayments with interest to participating investors through Fundaztic until the end of their financing tenure.

“We’ve seen encouraging response from businesses to adopt rooftop solar photovoltaic systems for their numerous benefits like cost-saving, greater return on investment, and sustainability.

"With buySolar collaborating with Fundaztic on our platform, we would be able to offer various financing options that can be adapted to SMEs’ differing requirements and budgets," chief operating officer OpenSys Technologies Luke Sebastian said.



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Serba Dinamik in collaboration with Sabah govt to reduce rural digital divide

KUALA LUMPUR, Sept 22 -- Serba Dinamik Group Bhd, a provider of internet access through local satellite technology, has installed the Proof of Concept (POC) for Very Small Aperture Terminal (VSAT) satellite internet access in Kampung Betutai, Tuaran, Sabah to reduce the rural digital divide.

MCE signs MoU with China's Chongqing Beidou for JV to develop electric, hydrogen motorcycles

KUALA LUMPUR, Sept 20 -- MCE Holdings Bhd's wholly-owned subsidiary MCE Ventures Sdn Bhd (MVSB) has signed a memorandum of understanding (MOU) with China’s Chongqing Beidou Jiean Neo-Energy Technology Ltd (BDJA) to establish a joint venture (JV) for the electric vehicle business.

SEDA Malaysia Celebrates A Decade Of Sustainable Energy Journey

PUTRAJAYA, Sept 20 (Bernama) -- Sustainable Energy Authority Development (SEDA) Malaysia officially launched its 10th Anniversary celebration via online ceremony officiated by SEDA Malaysia’s Chairman, YB Tuan Lukanisman Awang Sauni.

The Authority, which was established in 2011 achieved its first decade of operation on 1st September this year. As a statutory body under the Ministry of Natural Energy and Resources (KeTSA), SEDA Malaysia is responsible for the development of the sustainable energy industry in Malaysia.

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