BFM 89.9

HIGHLIGHTS 
Podcast  >  Enterprise  >  Open For Business  >  DF Automation’s 12 Year Journey, ECF Raise, Growth Plans Ahead, and IPO Target

DF Automation’s 12 Year Journey, ECF Raise, Growth Plans Ahead, and IPO Target

Dr Yeong Che Fai, CEO and Co-founder, DF Automation & Robotics

21-Feb-24 10:00

DF Automation’s 12 Year Journey, ECF Raise, Growth Plans Ahead, and IPO Target

In 2023 alone, investments in robotics soared to $12.9 billion, underscoring the promising outlook for the global autonomous mobile robots industry and DF Automation looks primed to ride this wave and is currently raising funds to do so. Founded in 2012, Johor-based DF Automation specialises in producing Autonomous Mobile Robot and Automated Guided Vehicle solutions with clear objectives: Optimise workflow, enhance productivity, and slash operational costs.

This year marks DF Automation’s 12th year in the industry to support their growth ambitions, they are offering between 3.6% to 9% of the company to raise between RM3 million and RM8 million on equity crowdfunding platform pitchIN. This follows a RM3 million raise on the platform back in 2019. As of 14th of February, they have achieved 43% of the funding target, valued at RM1,285,716.

We speak to Dr Yeong Che Fai, the Chairman and Co-founder of DF Automation & Robotics to get a better understanding of the value and potential of the robotics industry, and their origins and ambitions, as well as plans for the funds they are currently raising.

Produced by: Roshan Kanesan

Presented by: Roshan Kanesan


This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  technologyentrepreneursinvestments

Tags:  ofbbb2023autonomous mobile robotautomated guided vehicleroboticsinvestmentsequity crowdfunding





Play / Pause

Listen now : BFM 89.9 -- The Business Station

Today’s Shows



11:00 AM

Best of Enterprise

(REPEAT) Benjamin Croc, co-founder of BrioHR shares the company’s journey from tackling onboarding pain points to building a full-stack HR platform, and how they plan to use their $6.5 million Series A funding to scale regionally, deepen their product, and double down on AI.

12:00 PM

BBC World Service

(REPEAT) BFM presents the BBC World Service, which provides in-depth coverage of issues from around the world.

1:00 PM

A Bit of Culture

(REPEAT) Kam, Sheryll and Matt get together again to talk about syntax and AI, algorithm and “broligarch”.

2:00 PM

Ringgit & Sense

(REPEAT) Should we invest in gold? Ringgit and Sense tries to answer this question, together with Robin Lee, former CFO of the World Gold Council and former CEO of HelloGold.

2:30 PM

The Property Show

(REPEAT) What are the risks of a private lease scheme, or PLS? The Property Show speaks to Yeoh Tung Seng, Partner at Yeoh & Joanne to find the answer.

3:00 PM

Best of The Bigger Picture

(REPEAT) We speak to Charles Santiago about his tenure at SPAN, the politics of water and labour rights violations in the region.

4:00 PM

Best of Evening Edition

(REPEAT) We unpack the story behind Potehi or Chinese glove puppet theatre and its significance to our culture.

5:00 PM

BBC World Service

BFM presents the BBC World Service, which provides in-depth coverage of issues from around the world.