Startup · $60m raised
Mascot, NSW
Every investor coverage indicates participated in a round 5B raised.
| Investor | Rounds | Invested |
|---|---|---|
| Australian Renewable Energy Agency | Grant · Grant | $60,000,000 |
| Australian Renewable Energy Agency (ARENA) | Grant | $46,000,000 |
| NSW Government | Grant | - |
Investors whose own portfolio pages list 5B, even though we haven't found any coverage of the round yet.
| Investor | Listed on |
|---|---|
| Artesian VC | its portfolio page ↗ |
| Artesian VC | its portfolio page ↗ |
Every published round 5B took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
Companies 5B has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| No portfolio companies recorded yet. | ||||
Fund closes reported for 5B, as distinct from the investments it has made.
Companies 5B has backed that another company then bought. An exit for the holding, not a deal 5B did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| No portfolio company of 5B is recorded as having been acquired. | ||||
Companies 5B acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Company | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| IXL Solar | Acquisition | Dec 2021 | - | @AuManufacturing, RenewEconomy |
Stories naming 5B. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
ARENA's white paper update finds ultra low-cost solar is achievable but delivery speed and scale of big projects is now the main risk, highlighting supported work by 5B, Built Robotics, Nextpower and Luminous Robotics.
Thermal storage company MGA Thermal hires a former Shell Energy Australia executive as its commercial chief, with the appointment underpinned by a $17 million raise made earlier in the year.
Also Startup Daily
The renewable energy agency has committed as much as $45m to Fortescue's Pilbara solar testing hub, where demonstration projects with Built Robotics and 5B will trial construction robotics and rapid-deployment solar technology.
Startmate reflects on a decade of backing founders, profiling breakout alumni across its cohorts and describing how its mentors reinvest in newer startups, alongside its fund model and returns.
Canberra will open a second $150 million Solar Sunshot round for PV component makers, while recapping earlier awards to 5B, Tindo Solar, Stellar PV, Solquartz and Energus.
Weekly roundup of readers' five favourite stories: a precast factory opening for a Sydney tunnel, a grants panel, Circuitwise's agreed New Zealand acquisition, NSW clean-tech grants, and BlueScope's Whyalla bid position.
ARENA has named solar maker 5B the first recipient of funding under its Solar Sunshot program, with a grant of as much as $46 million to expand Adelaide output of its Maverick system.
Also RenewEconomy·@AuManufacturing·@AuManufacturing·RenewEconomy·RenewEconomy·RenewEconomy
Solar pioneer Zhengrong Shi intends a Newcastle factory for frameless lightweight panels via Sunman's Energus subsidiary, eyeing federal programs; CEFC, Southern Cross Venture Partners and Softbank China are recalled as backers.
A profile of Startmate ranking the twenty most valuable companies it has backed, noting their valuations, past raises and founders, plus Bugcrowd's newly announced purchase of Informer and its climate focus.
Battery testing has begun in Darwin for the Bathurst Island solar-plus-storage pilot, built using 5B technology after a Northern Territory government funding announcement, with completion expected by May.
A rolling roundup of Australian energy-sector job moves, listing dozens of executives, directors and ministers joining or leaving utilities, regulators, developers and industry bodies between May and December 2023.
5B, a New South Wales solar technology firm, has hired Sun Cable's co-founder and ex-CEO David Griffin as its new chief executive, succeeding co-founder Chris McGrath.
Solar manufacturer 5B has started building its automated pilot production line in Mascot, NSW, with support from an ARENA grant; the company counts Turnbull, Holmes à Court and BP among its backers.
Techboard's monthly roundup catalogues December 2022 startup raises, led by Synchron's $110m Series C, with health and biotech taking the largest share and 55 funding events captured totalling $546m.
A year-end roundup listing six recent startup raises, giving amounts, lead investors and co-investors for Tic:Toc, 5B, Syenta, Vively, Aerotruth and Potiki, plus each company's stated plans for the money.
BP's venture arm invested $20 million to complete solar company 5B's $55 million Series B, with existing backers adding more, supporting international expansion and a North American manufacturing hub.
Australian solar company 5B completed its $55 million Series B after bp ventures invested $20 million, joining AES and Artesian, with funds earmarked for global expansion and R&D.
BP Ventures has invested $20 million in Australian solar technology company 5B Holdings, completing its $55 million Series B round co-led by existing backers AES Corporation and Artesian.
Australian solar startup 5B secured $20 million from bp ventures within its $55 million Series B, funding technology development, a North American manufacturing hub, and international expansion.
Sydney carbon accounting startup Avarni raised $3 million led by Main Sequence, with returning backers Vulpes Ventures and Common Sense Ventures, to grow its supply chain emissions platform and expand into the US.
Also Australian FinTech·insidesmallbusiness.com.au·Startup Daily·SmartCompany·TechCrunch Australia·avarni.co·Australian FinTech
Techboard's monthly roundup logs June 2022 Australian funding events, including GO1's Series E, Edrolo's Series B, two acquisitions, several new funds reaching closes, and accelerator intake announcements.
Also Techboard
Roundup covering Victorian zero-emission bus trials, Frew Foods' planned plant expansion, 5B's layoffs and completed capital raise, Wellnex Life's convertible note raising, SafetyCulture investing in Inauro, plus wind farm and university research news.
Australian solar firm 5B completed a Series B round and is cutting staff while refocusing on its Maverick deployment technology amid supply chain pressures.
US solar startup Erthos closed a $US17.5 million Series B led by Capricorn's Technology Impact Fund to scale its low-cost earth-mounted solar system, building on $7.4 million raised in 2019.
Solar technology company 5B has launched an automation program backed by a government agency grant, aiming to cut the cost of its deployable solar systems, and recently bought a solar manufacturing business.
Also @AuManufacturing
The renewable energy agency announces a $14 million grant to Sydney solar company 5B to automate manufacturing of its Maverick utility-scale solar array, within a larger $33.4 million project at its Mascot headquarters.