HIPL is a tech-company specializing in purpose-built IoT ice cream vending machines, from design, R&D, manufacturing to operation. Machines are designed to be fit-to-market and efficient for operators.
Unlike traditional vending machine manufacturer, HIPL's business model focuses on long-term leasing contracts with major ice cream brands, positioning HIPL as a one-stop vending solution provider, acting as their full-service vending operator. This approach generates multiple revenue streams, besides allows HIPL to retain machine ownership, and also yields recurring revenue and provides significantly higher margins than a one-time machine sale.
HIPL is the largest ice cream vending machine operator in Singapore and South-East-Asia, holding over 80% market share with 600 machines.
Mission: Provide affordable, SMART, and energy-efficient frozen suitability vending solutions for business partners, while delivering the greatest value to consumers through innovative business models and cost-effective solutions.
Vision: Become the world's largest owner of sales channels for ice cream and suitability vending solutions, making ice cream vending machines as common and easy to operate as drink vending machines.
【8world News, September 06, 2024 (9pm)】HappyIce was recently featured on Singapore's Channel 8, where we discussed the rising popularity of vending machines and demonstrated how our vending solutions empower SMEs to grow their businesses.
【8world News, August 22, 2021】During the pandemic, many fresh food industry players have recognized the sales potential of vending machines and started selling salmon and squid through these machines. Some businesses have improved product freshness through technology and digitized their operations to boost sales.
PUBLISHED BY THE STRAITS TIMES , 5 DEC 2016
Singapore's Happy Ice has introduced vending machines that operate like arcade claw machines. With over 40 installations across the country, customers can pay $2.50 to $3 to try their luck at picking up an ice cream treat using a mechanical claw. Play until you get one! And occasionally, customers can even win two ice creams at once. Daniel Ma, the director of Happy Ice, shared that the machines were designed and built in Singapore, allowing the company to reduce costs compared to buying ready-made vending machines.
Happy Ice being awarded the "Singapore SME 500 Award" in 2014. This award recognizes Singapore's leading Small-Medium Enterprises (SMEs) that have demonstrated effective development, management, and business excellence. Happy Ice's receipt of this award highlights their commitment to continuous improvement, innovation, and success.
