ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
DealStreetAsia

Thailand Sansiri venture looks to tech to upend property business

Drone deliveries, EV charging and autonomous driving among 'sandbox' projects

Siri Ventures has collaborated with a drone delivery company and autonomous car developer and a manufacturer of security sensors as part of its "sandbox" initiative.   © Reuters

HANOI -- Thai property developer Sansiri Pcl is counting on its venture arm, Siri Ventures, to introduce new technologies -- ranging from drone deliveries to electric-vehicle charging to autonomous driving -- into its traditional real estate business.

Siri Ventures is a joint venture between Sansiri, which owns 97% of the unit, and Siam Commercial Bank. It has so far used about a third of its $45 million in assets to directly invest in startups, mainly in the property technology (proptech) area. Another $15 million went to venture capital funds.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more