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EXCLUSIVE PRESS

LILA Movetech Secures RM2.5 million Financing under MDV-TACT for its USA Expansion

04/08/2022 05:52 PM

KUALA LUMPUR, Aug 4 (Bernama) -- Sportboleh Sdn. Bhd. (Sportboleh), owner of LILA® Movementechnology (LILA Movetech) brand of high-performance products, today announced its continued expansion into the global marketplace and the initiation of its USA omni-strategy growth plans for the lucrative USA and North American sport and fitness markets. 

Sportboleh’s growth plans will be supported by a RM2.5 million financing facility from Malaysia Debt Ventures Berhad’s Technology Acceleration and Commercialisation Scheme (MDV-TACT). MDV is an agency under the purview of the Ministry of Science, Technology and Innovation (MOSTI) and a subsidiary of the Minister of Finance (Incorporated) that provides financing for high-growth technology companies. 

 

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