From Palm Oil to Carbon Credits: The EB Tech Pivot

Discover how a Sarawak startup is leveraging AI to enhance environmental sustainability in agriculture and forestry. In this episode of Open For Business, we take a closer look at EB Tech, a technology startup using artificial intelligence to tackle environmental challenges. Founded in 2021/2022, EB Tech initially developed AI solutions for the palm oil sector—employing robotics and autonomous drones to address operational inefficiencies—before pivoting to broader sustainability initiatives such as carbon credit management and nature-based solutions.

CEO Moses Vincent and CFO Ashweein Narayanan explain how EB Tech integrates deep learning, computer vision, and robotics into a hybrid business model that combines software-as-a-service with project consultancy. They discuss the practical challenges of scaling a tech venture in a capital-intensive industry and share their plans for forming strategic partnerships in markets such as Thailand and Taiwan.

The conversation also highlights emerging industry trends and external validation, including EB Tech’s Rising Star Award at Cradle Fund’s inaugural PLUGIN conference for Malaysian startups in December 2024.

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