PSA and Granite launch innovation fund

PSA International and Granite Asia have launched a US$50 million strategic innovation fund to accelerate the adoption of artificial intelligence, robotics and automation across ports, logistics and global supply chains.

The G&P Strategic Innovation Fund will co-invest alongside Granite Asia’s existing funds in technology companies developing solutions for complex trade ecosystems. The initiative aims to help promising technologies progress beyond pilot projects into practical, scalable applications across PSA’s global operating network.

The fund forms part of a broader strategic partnership between the companies, covering technology insights, venture engagement, talent development and innovation partnerships. It also supports PSA’s wider AI strategy, which focuses on operational excellence, customer solutions, trusted data foundations, enterprise productivity and sustainability.

Ong Kim Pong, group chief executive of PSA International, said: “Innovation, automation and artificial intelligence are increasingly becoming critical differentiators in global supply chains.”

He added that the partnership would strengthen operational excellence and improve connectivity across PSA’s port ecosystems, supporting its ‘Node to Network’ vision to enhance global trade flows.

Jixun Foo, senior managing partner at Granite Asia, said the fund would combine the investment platform’s technology expertise with PSA’s operational scale and supply chain knowledge.

“The G&P Strategic Innovation Fund brings together Granite Asia’s technology investment platform with PSA’s global operational scale and supply chain know-how,” Foo said. “We see a powerful opportunity to identify and support the next generation of entrepreneurs whose solutions can deliver real-world impact for ports, logistics and global trade.”

Granite Asia, a US$11 billion private capital platform, brings experience investing in AI, robotics and other emerging technologies. PSA contributes an extensive international port network and operational expertise, providing a potential pathway for portfolio companies to test and scale solutions in real-world environments.

The launch comes as advances in intelligent automation and digital technologies create new opportunities to improve cargo handling, logistics coordination and supply chain resilience.