# Petronas Ventures

Petronas Ventures is a Venture Capital based in Kuala Lumpur, Malaysia.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Kuala Lumpur, Malaysia
- **Region:** Asia
- **Address:** Petronas Twin Towers, Kuala Lumpur City Centre, 50088 Kuala Lumpur, Malaysia
- **Founded:** 2019
- **Assets under management:** 350 (Altss estimate)
- **Website:** www.petronas.com
- **LinkedIn:** https://www.linkedin.com/company/petronas

## Regulatory record

- **Reports private funds:** No

## About

Petronas Ventures was formed in 2019 as the dedicated corporate venture capital vehicle of Petroliam Nasional Berhad. Arni Laily Anwarrudin serves as its head. The unit operates separately from the parent's upstream and downstream businesses while drawing on the same balance sheet. The firm allocates exclusively to private equity and venture strategies. It targets early-stage through expansion rounds in energy storage, hydrogen, sustainable fuels, drones, agtech and advanced materials. Confirmed holdings include Sea6 Energy, Aerodyne Group, Log9 Materials, Hysata, Green Li-ion and Aether Fuels. Geographic reach covers Malaysia, India, Singapore, Australia and the United States. Ticket sizes range from $1 million to $10 million per investment. The organization lists no disclosed headcount or additional offices beyond its Kuala Lumpur headquarters. It maintains membership in the Singapore Venture & Private Capital Association. A related vehicle, Twin Towers Ventures, focuses on APAC and MENA opportunities. Petronas Ventures participated as a speaker at CERAWeek in March 2023. The unit's mandate is defined by its position inside a national oil company. Investment decisions therefore incorporate the parent's 2050 net-zero target alongside standard return objectives. This creates a structural filter that favors technologies aligned with decarbonization of hydrocarbon value chains.

## Sectors

- Energy Transition & Renewables
- Oil & Gas
- Venture (General)

## People

- Arni Laily Anwarrudin — Head of Petronas Ventures

## Questions

### Who runs investment decisions at Petronas Ventures?

Arni Laily Anwarrudin serves as Head of Petronas Ventures and leads investment decisions for the corporate venture capital arm.

### Does Petronas Ventures participate in fund commitments or only direct deals?

The firm executes direct equity investments in startups. No fund commitments are disclosed in available records.

### What investment stages does Petronas Ventures typically target?

The unit targets seed through expansion and late-stage rounds. Ticket sizes fall between $1 million and $10 million.

### Which sectors does Petronas Ventures explicitly prioritize?

Priority areas include energy transition, renewables, hydrogen, battery recycling, sustainable fuels and related deep tech.

### Where does the underlying capital originate?

Capital is provided by Petroliam Nasional Berhad, Malaysia's state-owned energy company.

### How is Petronas Ventures related to Twin Towers Ventures?

Twin Towers Ventures operates as a subsidiary focused on APAC and MENA regions.

## Related profiles

- [FinMark Capital Limited](https://altss.com/profile/finmark-capital-limited)
- [Singtel Innov8](https://altss.com/profile/singtel-innov8)

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Last updated: 2026-06-03T20:00:00.000Z

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