Syazwan Majid of Arus Oil has stared into the abyss… and survived

Undisclosed 7-figure investment from Shell Malaysia a fillip to ambitionsSyazwan Majid the CEO of co-founder of My Protech Sdn Bhd, which operates in the Malaysian market under the brand Arus Oil, hit a major milestone in his entrepreneurial journey when Shell Malaysia announced on July 13th that it had invested an undisclosed amount into the startup.

Unfulfilled in his professional job as a management accountant, Wan as he is known, always had a passion for the environment and wanted to do more than just ensure his household was environmentally responsible. But he wasn’t sure what exactly. His three years doing “market research and validation” as he describes his 2017 to 2019 weekend job as a collector of recyclables showed him the clear path forward.

Chai introduced Louis Ong, who ran his own software house, to Wan as they needed software expertise to build an app that was to be the key link between Arus Oil and the market they wanted to serve. Buying into the mission of Arus Oil, Louis joined as co-founder instead of being their outsourced tech provider.With the market validation done, the licensing needed, in hand, and founding team in place, it was all systems go with optimism and excitement over future possibilities, powering the trio.

This double win allowed Arus Oil to launch their app that same month, which boosted their market penetration in Selangor. They were also able to purchase their first asset, a one metric tonne lorry in Sept 2021 and hire two full time staff but with Wan and Chai still running their daily route, which, according to Wan, helped them better understand the challenges their drivers face and how to overcome them.

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