CSL Partners Fusion Garage and Makes Strategic Investment
February 4, 2010 by Gwendolyn Regina T
We mentioned earlier this week that some exciting news regarding Fusion Garage and their product the JooJoo will be headed your way. The company just announced who the mysterious OEM partner is. One of the largest manufacturers of cell phones, mobile devices, netbook and notebook computers in Southeast Asia and distribution giant, CSL Group of Malaysia, will be the company taking care of the manufacturing cost of the JooJoo and at the same time, has also made a strategic investment in Fusion Garage.
With sales of nearly $300M USD, CSL takes care of the “upfront” manufacturing cost to get a foot in a very hot market and a revenue cut from each JooJoo sold globally.
However, the actual manufacturer is NOT CSL.
If you recall, we mentioned in our previous coverage that Fusion Garage has a Taiwanese manufacturer. This has not changed as this manufacturer will still be used. The difference is that now CSL will be footing the bill instead of Fusion Garage.
For news that would interest consumers, the JooJoo is expected to reach you by the end of February.
Follow the Fusion Garage/JooJoo/CrunchPad/TechCrunch story here on SGE: one, two, three, four, five, six.
About The Author
Gwendolyn Regina T - Co-Founder and Editor-in-Chief
Apart from SGE, Gwen is also a Partner at Thymos Capital, where she focuses on early stage investments in technology firms. She has had two exits out of her investments via the firm, one of which is iHipo. A frequent judge for business competitions both locally and overseas, she graduated from the National University of Singapore. Gwen also spent some time in Silicon Valley and studied in Stanford University under the NUS Overseas College programme. Gwen is a mentor at Spanish incubator Tetuan Valley, Polish incubator Gamma Rebels, the Singapore Ambassador for the Sandbox network and the Singapore curator for StartupDigest. She enjoys languages, travelling, dance and adventure sports. Gwen can be found on LinkedIn and Twitter.
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