The Australian Energy Market Operator estimates data centres will consume 6% of Australia’s grid-supplied electricity by 2030. To put that in context, that’s more than the current share of Australia’s healthcare and social assistance industry. This reflects the rapid growth of Australia’s data centre industry – the backbone of artificial intelligence (AI). This growth is,… Read more »
The latest round of the NSW Government’s EV fleets incentive program has opened with $5 million in co-funding up for grabs for businesses and organisations making the shift to electric vehicles. The provides support for the purchase or lease of up to 15 battery EVs (BEVs) and the installation of smart charging infrastructure. The latest… Read more »
Savic Motorcycles has raised $2 million in a convertible note amid a changing of the guard at the decade-old Melbourne startup. Founder Denis Savic has moved to a strategic role, with Marc Alexander, a 25-year veteran of EV systems, autonomous platforms, IoT, consumer and automotive tech taking on the CEO role. The raise, finalised in… Read more »
Over the weekend the federal government announced major changes to its A$2.3 billion home battery subsidy program. The changes include nearly $5 billion in extra funding and adjustments to the financial support provided for different-sized batteries. They follow recent reporting by The Conversation that the program is subsidising unnecessarily large home batteries and blowing out… Read more »
A veteran startup detecting faults in powerlines to prevent bushfires has raised $50 million from US and local venture funds. IND Technology was cofounded by RMIT Professor Alan Wong and Kokwai Leu Melbourne in 2013 following the 2009 Black Saturday fires, to develop Early Fault Detection (EFD) systems for preventing bushfires and grid failures. The… Read more »
Hachiko, an optimisation software startup for industrial battery energy storage systems (BESS), has raised $2.5m in a Seed round. The round was led by Archangel Ventures, with support from Twynam, Investible, Motion Capital, Electrifi Ventures, and Wattle Hill Capital. The funding will help build technical and go-to-market teams as well as deepening and expanding platform… Read more »
Another startup looking to deal with cattle methane emissions using seaweed has raised $2.176 million in Seed funding. The round for Fremantle Seaweed, at an $11 million pre-money valuation, comes a week after seven-year-old Sea Forest (ASX:SEA) listed on the ASX. The Tasmanian startup raised $20.5 million at $2 per share for a $112m market… Read more »
Australia’s climate tech sector now employs more than 7,000 people across more than 730 startups and scaleups, which attracted $680 million in venture funding in 2025. The analysis of local sector and its momentum and growth feature in the 2025 Australian Climate Tech Industry Report, released today by Climate Salad founder Mick Liubinskas. “This report… Read more »
Tasmanian climate tech startup Sea Forest was embraced by investors, with its shares closing up 12.5% on debut after listing on the ASX. The seven-year-old scaleup raised $20.5 million at $2 per share for a market capitalisation of $112.1 million, and rose as high as $2.42 before closing at $2.25. Sea Forest (ASX:SEA) was founded… Read more »
Food redistribution platform Yume Food has been placed in liquidation, with the 10-year-old social impact startup and its assets being put on the market. Founder Katy Barfield and the Yume board handed the keys to Teneo Financial Advisory Australia as Liquidators on November 18. Yume’s digital trading platform generates additional revenue for food manufacturers by… Read more »
Solar power startup MetroElectro has raised $1 million from its existing investor, Singapore climate tech VC Wavemaker Impact. The alongside the equity raise, the Melbourne startup, founded in 2024 by Lloyd Heinrich, also secured a $4 million debt facility from Ecotone Partners. Wavemaker previously backed MetroElectro’s $1.03 million pre-Seed round in May 2024. Heinrich will… Read more »
The government-backed Australian Renewable Energy Agency (ARENA) has tipped $25.3 million in new funding into Sydney startup SunDrive, which is developing cheaper, copper-based solar panels. It’s the second major funding injection from ARENA, which also tipped $11 million into SunDrive in 2023 and has now supplied nearly $40 million in capital. SunDrive began life in a… Read more »
The federal government-backed Clean Energy Finance Corporation (CEFC) is investing up to $40 million in household renewable energy fintech Brighte. The investment will share 2% off the cost of loans for home energy efficiency improvements, including solar and battery systems, energy-efficient heating and cooling, insulation, and EV chargers, with Brighte launching a new discounted green… Read more »
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 »
Perth sustainable materials startup Uluu has raised $16 million in Series A, helping it develop a facility capable of turning seaweed into a natural plastic alternative at commercial scale. The latest raise was led by Germany’s Burda Principal Investments, with contributions from Main Sequence, Novel Investments, Startmate, and impact investors and family offices, including Fairground… Read more »
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