Recharge Xolutions (RExharge) has emerged as one of the top five startups in the fifth cohort of Cradle Fund Sdn Bhd’s MYStartup Accelerator, standing out among 747 applicants.
As one of the top five, RExharge was awarded a RM50,000 grant and was also one of only four companies to secure part of the RM800,000 investment from NEXEA.
RExharge aims to become Malaysia’s leading solution provider in EV charging infrastructure and renewable energy technology. With the funding from NEXEA and Cradle, the company will focus on advancing its proprietary technologies and expanding its presence in the sustainable energy sector.
According to Bernama, the MYStartup Accelerator, driven by Cradle Fund, has channelled nearly RM5.5 million in investments across five cohorts since its launch, playing a key role in growing Malaysia’s innovation ecosystem. Cradle has supported over 1,100 tech startups and maintains the highest commercialisation rate among government grant providers in the country.
NEXEA’s involvement adds further value to RExharge’s growth trajectory, offering not just funding but access to a powerful network of mentors – comprising seasoned entrepreneurs and C-level executives – who have helped portfolio companies scale by up to 16 times annually.
With this strategic boost, Recharge Xolutions aims to lead Malaysia’s transition towards a more sustainable, electrified future.