Investor relations

A growing book of income-generating solar assets.

Okapi originates, underwrites and services rent-to-own rooftop solar leases across Peninsular Malaysia: long-tenor fixed payments, secured on assets we monitor live, originated through the country's largest installer network and processed by an AI-native operation.

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2.0×
2026 run-rate vs 2025, capacity financed
9.3 MW
Cumulative capacity financed since 2022
9.4 yrs
Weighted average lease tenor
95%
Of fleet reporting live monitoring data

Figures as of 22 October 2026. 2026 run-rate: capacity financed in the first ten months of 2026 is twice full-year 2025.

The asset

Why rent-to-own solar underwrites well.

Household electricity is among the last bills a family stops paying, and our lease replaces it with a cheaper one.

01
Essential-utility cashflows
Fixed monthly payments priced below the customer's existing TNB bill, so the lease saves the payer money from month one.
02
Collateral that reports in
Every system streams generation data to our platform, and 95% of the fleet reports live. We see asset performance daily, not at default.
03
Tailwinds, not fashion
Rising tariffs, equatorial sun and national net-metering policy make the underlying economics stronger every year of the tenor.
04
Ownership as the incentive
Rent-to-own aligns the homeowner with the asset: every payment builds toward owning a system that keeps paying them after the term.

Portfolio quality

Diversified origination, disciplined underwriting.

<20%
Largest installer's share of originations
No single channel dominates the book. Originations come from 53 installers with signed leases, across 13 states and federal territories.
2-layer
Automated decisioning, human override
CTOS and CCRIS bureau integration, utility-bill verification and eKYC feed an automated credit decision, with a human review layer that takes precedence.
100%
Asset-level servicing in-house
Billing, monitoring and maintenance stay on our platform for the full tenor. The customer relationship and the collateral never leave our sight.

AI-native operations

The book compounds. The headcount doesn't.

Okapi was built AI-first, not retrofitted. Every stage of the lease lifecycle (intake, underwriting, servicing, collections) runs with AI in the loop, so origination volume scales far faster than the team behind it.

01
Documents read themselves
TNB bills, ICs and property documents are extracted, verified and matched by AI at intake, so supporting documents typically clear the day they arrive.
02
Underwriting at machine speed
Bureau data, verified bills and eKYC feed a rules-based credit decision in minutes, with AI as a second opinion that flags issues the rules can't see. Human underwriters always have the final say.
03
Servicing that watches the fleet
Generation telemetry from 95% of the fleet is monitored continuously, and underperformance is flagged and dispatched automatically, before the customer notices.
04
Leverage in every seat
From sales support to engineering, AI tooling is standard issue across the company. 530+ partner salespeople are served by a team a fraction of that size.

Cap table