Hull cleaning robotics startup Hullbot has raised $16 million in a Series A. The round was led by US-based Regeneration VC with support from Climate Tech Partners, making the first investment from its new fund backing technologies for emissions reduction in hard-to-abate industries. Also investing were Katapult Ocean, Folklore, Trinity Ventures, Rypples, NewSouth Innovations, and… Read more »
The Australian Senate passed the new laws last week, setting in place a new climate-related financial disclosure regime that kicks off at the start of 2025 for Australia’s biggest companies, then trickling down to others in the coming years. While the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024 doesn’t sound like… Read more »
Climate startup Goterra is continuing to kick goals in industry collaborations, with the country’s largest hotel, the 878-room Hyatt Regency Sydney, installing the modular food waste management system onsite. It’s the second version of Goterra’s compact unit, which can also be found at Melbourne Airport, where fly larvae munch through more than two tonnes of… Read more »
Since the release of ChatGPT in November 2022, the world has seen an incredible surge in investment, development and use of artificial intelligence (AI) applications. According to one estimate, the amount of computational power used for AI is doubling roughly every 100 days. The social and economic impacts of this boom have provoked reactions around… Read more »
As the urgency of climate change ramps up, focus is increasing on digital currencies to address their environmental impact. According to industry forecasts, the global cryptocurrency market is expected to surge to US$4.94 billion by 2030. But the process of mining digital currencies such as Bitcoin requires immense computational power – causing a significant drain… Read more »
Scientists at RMIT have made a breakthrough by developing a cheaper and more energy-efficient way to make hydrogen directly from seawater, without needing to desalinate the water. Hydrogen has long been touted as a sustainable alternative fuel and a potential solution to critical energy challenges, particularly for industries that are more difficult to transition to… Read more »
Small business carbon footprint measurement startup NetNada has raised $200,000 in Seed funding from Skalata Ventures to make reporting easier and more affordable for SMEs. The backing from Paul Little and Darrell Wade’s Melbourne VC comes amid a shift in focus from bi-annual cohorts to now invest in up to 5 early-stage companies per month, on… Read more »
Giant Leap has become the first VC fund in Australia to set a minimum emissions reduction target for climate technology investments. The Melbourne impact investor has set a benchmark of 1 kilogram of carbon emissions avoided per $1 of revenue generated. Giant Leap Associate Charlie Macdonald said the minimum target was developed using data from… Read more »
New Zealand carbon credits assessment startup CarbonCrop has raised an additional NZ$1.9 million (A$1,73m) ahead of a Series A later this year. The round led by WNT Ventures, which previously backed its $1.5 million Seed raise in 2020. Also signing on now are the Impact Enterprise Fund, K1W1 and Icehouse Ventures Climate Fund. The startup launched… Read more »
National startup and scaleup hub Stone & Chalk Group has become carbon neutral and is now on a drive help other companies achieve the same goal with support from software venture Trellis. Stone & Chalk Group CEO Michael Bromley said climate change and net-zero commitments are reshaping Australia’s corporate landscape, with leading tech companies such… Read more »
GreenTech startup, Trace has raised $1.5 million as it looks to help small and medium sized companies (SMEs) track and manage their carbon emissions. The round was backed by 21 investors including private family office 5 Pillars Capital, existing investor Antler, The Fund, Epoch Capital, Existential Capital and several angel investors, including Envato co-founder Collis Ta’eed… Read more »
Researchers at the University of Queensland (UQ) will conduct a world-first global trial to see if the spare battery capacity in electric vehicles (EV) could support the local electricity grid, and potentially power homes. UQ has partnered with analytics platform Teslascope to recruit Tesla owners internationally to take part in the study examining car use and… Read more »
Emmi, a carbon risk management startup that lets institutional investors improve their understanding of how financially exposed they are to carbon risks, has launched after attracting a series of high profile investors to join its board. Tim Samway, chair of Hyperion Asset Management, Coca-Cola Amatil and Boral director Catherine Brenner and Startmate investor Patrick Sieb… Read more »
New Zealand engineering startup ZeroJet is hoping to transform the boating industry by replacing outboards in a five year plan that would be like taking 1.5 million cars off the road. The Auckland-based company, founded in 2015 by Neil Mans and Bex Rempel, built the world’s fastest and lightest electric jet boat, with a top… Read more »
The Morrison government today announced A$1.9 billion over ten years to develop clean technology in industry, agriculture and transport. In some ways it’s a step in the right direction, but a far cry from what’s needed to drive Australia’s shift to a low emissions economy. The big change involves what the money is for. The… Read more »
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