Renewable energy retailer Amber has raised another $45 million in venture capital as it ramps up global ambitions for its battery and EV automation technology. The round was led by UK/Europe-based impact investor ETF (Environmental Technologies Fund) Partners and supported by existing backers including Square Peg, Gentrack, Rubio Impact Ventures, and Breakthrough Victoria. Amber previously raised $29… Read more »
Termina, a software startup that helps small business get cheaper energy prices through collective buying, has raised $3 million in a pre-Series A. The round was led by Sydney VC EVP, via its Fund IV, with support from existing investors Archangel Ventures and Skalata. The five-year-old Melbourne startup plans to expand globally, with eyes on… Read more »
Sales of new battery electric vehicles (BEVs) in the first quarter of 2025 have fallen to 2023 levels, while demand for hybrid cars as nearly doubled over the past two years. New figures from the peak motoring body Australia Automobile Association’s (AAA) quarterly EV Index reveal 17,914 BEVs were sold in the three months to… Read more »
Battery materials startup Sicona Battery Technologies has raised AU$15 million from an existing investor, India’s Himadri Speciality Chemical, as part of a deal to commercialise its technology. The Wollongong startup previously raised $22 million in a Series A led by Himadri two years ago, adding to a $3.7 million in a pre-Series A in August… Read more »
Co-founder of Australian tech darling Canva Cameron Adams and his wife Lisa Miller have pledged to donate at least half of their estimated $7 billion wealth to environmental causes. The pair have signed the Giving Pledge, a public commitment started by Bill and Melinda Gates and Warren Buffet that sees billionaires promise give a majority… Read more »
The recent call for submissions into the Strategic Examination of Australia’s R&D system has revealed ideas and frustrations that have long been articulated on numerous discussion panels. However, through this recent consultation, it has felt like more practical solutions have surfaced across the ecosystem, and many of the ideas align. So if we could request… Read more »
Around the world, more and more electric vehicles are hitting the road. Last year, more than 17 million battery-electric and hybrid vehicles were sold. Early forecasts suggest this year’s figure might reach 20 million. Nearly 20% of all cars sold today are electric. But as more motorists go electric, it creates a new challenge –… Read more »
We get hundreds of applications to UNSW Founders 10x Accelerator every year and as our reputation grows, that number climbs ever higher. Yes, you heard right. Hundreds. So the field is competitive. Each Program Manager at UNSW Founders usually has spent months scouting for startups, coaching them, running workshops on how to entrepreneur and generally… Read more »
As I sat at the second ever Systemic Investing Summit in London in March, among 180 hand-picked global wealth holders and controllers, philanthropists, academics and industry practitioners, one disturbing image kept coming to mind. While we discussed innovative financing models and systemic approaches to capital deployment that could save humanity from collapse, I couldn’t shake… Read more »
Victorian solar and thermal storage scaleup RayGen has finally completed its Series D raise after 12 months, tapping out with $127 million in total. The total comes 12 months after the Series D kicked off with a $51 million announcement – $20m from Breakthrough Victoria and a $31m follow-on and lead investment from NYSE-listed SLB.… Read more »
Qantas and European plane manufacturer Airbus have jointly committed to invest AUD$15 million into local VC Climate Tech Partners (CTP), in the hope it will accelerate the development of sustainable aviation fuel (SAF) and other aviation decarbonisation solutions. Qantas is using the Airbus A350-1000 for its “Project Sunrise”, with plans to launch non-stop flights to… Read more »
The NSW Innovation Blueprint finally dropped on Monday – 18 months after innovation, science and technology minister Anoulack Chanthivong first announced it in September 2023. And if you’re wondering if it was worth the wait, the feeling is ¯\_(ツ)_/¯ The Minns government needs to get cracking, and quickly. It has lost ground to make up… Read more »
Victorian climate tech startup Phnxx has raised $1.8 million in Seed funding to scale its modular energy system for the construction, mining and agriculture sectors. The round was supported by ASX-listed engineering company Synertec, ENGIE Factory, deep tech VC Pacific Channel, LaunchVic’s Hugh Victor McKay Fund and several angel investors. Synertec has partnered with the… Read more »
A Queensland renewable energy tech company has taken on its first external investment, banking $15 million in a round led by Ellerston Capital’s Industrial Growth Fund and Fifth Estate Asset Management. The raise for EcoJoule Energy, which provides solutions for managing renewable energy integration, will be used for international expansion, as well as a national… Read more »
Welcome to the Startup 360 with Kayla Medica and guest cohost Cat Long from climatetech startup Trace. Tomorrow is International Women’s Day, and this year’s theme is “For ALL women and girls: Rights. Equality. Empowerment. This week’s episode explores the challenges women face as founders, from funding to parenting and the self-doubt you can feel… Read more »
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