Sarawak founder launches AI fuel price platform PetrolPrice with Balaji Fund backing
Sarawak entrepreneur Aaron Nagai has launched PetrolPrice, an AI-powered platform that tracks and analyses energy prices across 196 markets. According to Malaysia SME, the startup is backed by investor Balaji Srinivasan through the Balaji Fund and was valued at US$2 million after its pre-seed round.
Key points
- The platform monitors petrol, diesel and electricity prices.
- It combines AI with automated data collection and targets consumers, businesses and policymakers.
- Srinivasan is the founder of Network School and a former chief technology officer of Coinbase.
- Nagai said the goal is to make energy pricing as accessible and transparent as financial market data.
Why it matters for Malaysia
Most Malaysian AI coverage centres on infrastructure, so a founder from Sarawak building a product for global markets is a useful counterpoint. At pre-seed stage, however, the valuation says more about investor interest than about proven demand.
Questions answered
- What does PetrolPrice do?
- PetrolPrice is an AI-powered platform founded by Sarawak entrepreneur Aaron Nagai. It uses AI and automated data collection to track and analyse petrol, diesel and electricity prices across 196 markets.
- Who is backing PetrolPrice?
- Investor Balaji Srinivasan, founder of Network School and former Coinbase chief technology officer, backs it through the Balaji Fund. The startup was valued at US$2 million after its pre-seed round, according to Malaysia SME.