Global port operator PSA International and private capital platform Granite Asia have announced the launch of the US$50 million G&P Strategic Innovation Fund.
The corporate venture initiative focuses on accelerating the commercial deployment and scalability of artificial intelligence, robotics, and automation technologies across port and supply chain ecosystems.
Investment Mandate and Technology Focus
The venture capital fund combines PSA’s operational assets with Granite Asia’s technology investment platform:
Co-Investment Model: Operates as a US$50 million fund co-investing alongside Granite Asia’s primary venture funds into growth-stage technology developers.
- Targeted Domains: Focuses on scaling commercial software and hardware solutions spanning port automation, supply chain AI, logistics robotics, and data connectivity.
- Practical Adoption: Aims to bridge the gap between pilot proof-of-concepts and full-scale commercial adoption across multi-modal trade networks.
- Strategic Framework: Supports PSA’s broader “Node to Network” strategy to improve operational efficiency, enterprise productivity, and carbon reduction across its global terminal portfolio.
Corporate Collaboration Scope
The initiative forms part of an expanded strategic partnership between both organizations:
- Ecosystem Integration: Incorporates shared initiatives across technology forecasting, venture capital engagement, innovation partnerships, and talent development.
- Enterprise Footprint: Unites Granite Asia’s US$11 billion technology investment platform with PSA’s international network of marine terminals and logistics hubs.
Executive Perspective
Ong Kim Pong, Group CEO of PSA International, noted that integrating AI, robotics, and automation is critical to building smarter, more resilient ports and connecting supply chain nodes across global trade networks.
Jixun Foo, Senior Managing Partner at Granite Asia, stated that combining Granite Asia’s technology investment capabilities with PSA’s global port infrastructure will accelerate real-world deployment for next-generation logistics startups.
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