Singapore-based Noble Vici Group (NVGI) plans to develop smart IoT-enabled barista coffee machines, as the company accelerates the growth of their IoT and e-commerce business in Southeast Asia.
"We aim to be the fastest player to deploy these self-service machines in Asia," said Sir Eldee Tang, CEO of NVGI.
Called V-MORE Xpress, the smart IoT-enabled barista coffee machine is aimed at bridging the mass adoption of users and merchants for V-MORE e-commerce platform.
NVGI has teamed up with Barista Uno to offer barista-styled coffee from the IoT-enabled barista machines. Barista Uno offers roasted coffee sourced from Java, supplying quality whole beans to the barista and specialty coffee shops. V-MORE Xpress, through its IoT monitoring infrastructure, will be able to monitor the consumption of each machine to ensure operating uptime.
V-MORE Xpress delivers an effortless payment through major cashless e-Wallet providers to facilitate and simplify the public users' experience in making transactions; enabling coffee drinkers to purchase a vast selection of high-quality products and services through the digital payment within their e-Wallet. By adopting digital payments in sync with the IoT-enabled barista machines, it not only provides a hassle-free payment but also creates better customer experience.
One of the key breakthroughs offered by NVGI's IoT ecosystem is the ability to bridge the gap between online and offline commerce with its unique real-time analytic data collection through its IoT platform.
The IoT-enabled barista machines not only offer barista quality coffee to users, but also connect online users to the machines; accessing the benefits of an O2O (offline to online) platform via V-MORE Xpress.
NVGI has been developing its own ecosystem from e-commerce to IoT infrastructure, while tapping on its internal resources and capital. It has recently raised an undisclosed amount of Series A funding, which it will invest to expedite installation of smart IoT-enabled barista machines in the next 18 months across Southeast Asia.
“We are targeting to get listed to the mainboard in the US near the end of 2020. We intend to further strengthen the mix of the management team in preparation for the future prospect ahead,” Tang said.
NVGI's bold venture into the self-service IoT-enabled barista machines also provides valuable analytic information that helps in understanding the patterns of both online and offline consumer behaviour. Bridging offline and online redefines the retail experience, bringing even the unbanked consumers closer to digital space.