Promethean Power Systems to Compete on Pitch Day in Singapore

Published Oct. 12, 2018

At Food Loss Challenge Asia by Rabobank

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Food Loss Challenge Asia announces the 20 start-ups who will take centre stage on Pitch Day, 26 October 2018 in Singapore; with the Top-5 going to the Finale on 15 November 2018.

Through the Food Loss Challenge Asia, Rabobank aims to look for solutions with its partners to address the global problem of food loss. Diane Boogaard, CEO Asia of Rabobank, comments: “With the population in Asia projected to reach over 5 billion by 2050, we rely on innovative and technological solutions to help us curb food loss along the value chain and promote the sustainable development of rural prosperity in the region. Through our networks, we connect startups to our corporate and rural clients to help us in our strive to growing a better world together.”

Mark van Binsbergen, CEO of Rabobank Singapore and one of the Food Loss Challenge Asia Judges says: “This is Rabobank’s first Food Loss Challenge event globally. We received an overwhelming number of 127 submissions from 29 countries across Asia, Africa, Middle East and Europe. The quality of submissions is very impressive. We came across many good proposals to address food loss, not only at the producer’s level but also across the whole supply chain.”

“The startups demonstrated an ability to deploy their technology with the awareness of how it would add value to their end-users,” says Arindom Datta, Asia Head of Sustainability Banking, and member of the Food Loss Challenge Asia project team. “Whilst the 127 solutions put forth addressed pain points along the food value chain, notably logistics, storage and refrigeration, many focused on enabling data-driven farm management especially for the small holder farming community. Many startups are trying to provide critical holistic solutions addressing the issue of food loss integrating diverse players in the supply chain,” Arindom continues.

The shortlisted start-ups are in the running to win USD 15,000 Jury’s Prize and/or the USD 5,000 Audience Prize at the Finale.

Promethean Power Systems manufactures and supplies cold storage and milk chilling equipment for dairy industry. Its products include milk chillers and cold storage solutions which use patented Promethean thermal storage system technology that uses thermal batteries and solar power solutions and can cool up to 1000 litres of milk.

To read about all of the shortlisetd companies, visit The Food Loss Challenge Asia website

Related News & Events: 
Oct. 12, 2018

Promethean Power is one of 20 start-ups who will take center stage for Pitch Day in Singapore on October 26th. The top five will go to the finale on November 15th. The shortlisted start-ups are in the running to win the $15,000 Jury’s Prize and/or the $5,000 Audience Prize at the Finale. Good luck! 

Mar. 25, 2018

Promethean Power Systems' milk chillers are improving the bottom line for farmers. A dairy complex official put it this way: "This power system plays an important role in reducing loss that we faced earlier due to inadequate refrigeration and poor storage. The waste has reduced to 0.01% from 8%."