Global port operator PSA International and Singapore-based Granite Asia announced on Wednesday the launch of a $50 million fund to help scale global supply chain innovation.
The launch of the fund, called G&P Strategic Innovation Fund, comes as rapid advances in artificial intelligence, robotics and automation create new ways to move goods globally, the firms said in a joint statement.
The fund is designed to help promising technologies move beyond pilots into practical, scalable adoption across complex trade ecosystems.
The fund will co-invest with Granite Asia‘s existing funds in technology companies developing solutions for ports, logistics and global supply chains.
“The G&P Strategic Innovation Fund brings together Granite Asia‘s technology investment platform with PSA’s global operational scale and supply chain know-how,” said Jixun Foo, senior managing partner at Granite Asia.
Reuters
