Startup · $25.3m raised · Energy
Queensland energy company backed by Main Sequence.
Brisbane, QLD
Every investor coverage indicates participated in a round Endua raised.
| Investor | Rounds | Invested |
|---|---|---|
| Queensland Investments Corporation (QIC) | Series A · Pre-seed | - |
| QIC Ventures | Pre-seed | - |
| PepsiCo | Accelerator | - |
| Melt Ventures | Series A · Pre-seed | $7,500,000 |
| Main Sequence Ventures | Pre-seed · Unnamed stage | - |
| Commercialisation Fund | Grant | - |
| Ampol | Pre-seed · Unnamed stage | - |
| Advanced Manufacturing Growth Centre | Grant | - |
| Accelerating Commercialisation | Grant | - |
| 77 Partners | Series A · Pre-seed | - |
Companies Endua acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Dr Paul Sernia | CEO · Founder | Startup Daily, @AuManufacturing (6 Jun 2023), SmartCompany, @AuManufacturing (23 May 2023), TechCrunch Australia |
Stories naming Endua. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
PepsiCo has chosen alumni companies Adiona Tech and X-Centric Sciences for the 2026 APAC Greenhouse Program's IMPACT Edition; the piece also recalls Adiona's $1.8m CRC-P grant and X-Centric's earlier $600,000 round.
Two Australian startups, Calyx.eco and Endua, are among ten finalists in PepsiCo's Asia-Pacific sustainability accelerator, each receiving a grant plus mentorship, with an extra prize for the eventual winner.
QVCDF money is going into Main Sequence to fund Queensland deep tech investing; the state government's extra $55 million takes the program to $130 million.
Deep tech venture firm Main Sequence has reached an initial A$450 million close on its third fund, pushing money under management past A$1 billion; Hostplus, Temasek and CSIRO are among the backers.
Also SmartCompany·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·TechCrunch Australia·@AuManufacturing
Techboard's May 2023 roundup of Australian startup funding: 42 private raises topped by Fleet Space's $50m round, two $40m acquisitions, multiple grants, accelerator intakes, and fund news including GiantLeap's $50m fund raise.
Weekly roundup of five startup raises: Fleet Space's Series C, Checkmate's Series A, Adventus's new round, Endua's hydrogen funding and Servicely's raise, with investors named.
Also Forbes Australia
Australia's national science agency says a new hydrogen generator demonstrator project will receive $10 million over six years from Advanced Carbon Engineering; the piece also notes Endua's recent $7.5 million raise.
Melt Ventures has closed a $10 million fund for hardware-focused climate tech and named its first investments, including Endua's $11.8 million pre-seed round backed by Melt, Main Sequence, QIC, 77 Partners and Ampol.
Also @AuManufacturing·SmartCompany·Startup Daily·Startup Daily·@AuManufacturing
Hardware-focused venture fund Melt Ventures has secured $10 million for its first fund, backed by new angel investors and family offices plus earlier supporters, and has already invested in three energy storage startups.
Hydrogen storage startup Endua has raised $7.5 million from QIC, Melt Ventures and 77 Partners to scale its modular hydrogen power banks for microgrid and standalone power markets.
Also @AuManufacturing·@AuManufacturing·Techboard·@AuManufacturing
Australian hydrogen startup Endua raised AU$11.8 million from QIC, Melt Ventures, 77 Partners, Main Sequence and Ampol to scale modular hydrogen power banks that store surplus renewable electricity for later use.
Australia's Main Sequence fund promotes Gabrielle Munzer to Partner to lead its biotech push; the article also covers her finance background, the firm's company-building model, a UNSW accelerator, and recent diverse hires.
Thirteen industry-research collaborations share $32 million in Round 12 CRC-P government grants, spanning hydrogen storage, hypersonic drones and mRNA manufacturing; partner contributions total $56 million. No individual recipients are named.
Main Sequence's blog post sets out why the fund led RIOS's US$28 million Series A, highlighting the robotics firm's automated workcells, usage-based pricing, and fit with Australia's manufacturing strategy.
Twenty-four Australian manufacturers have won federal grants via AMGC's Commercialisation Fund, spanning clean energy, medical, food, defence, resources and space projects, with industry co-investment lifting total project funding beyond $32 million.
Twenty-four Australian manufacturers received grants totalling just over nine million dollars under the Advanced Manufacturing Growth Centre's Commercialisation Fund, matched by far larger private co-investment across six national manufacturing priority areas.
Also @AuManufacturing·Startup Daily·@AuManufacturing·@AuManufacturing·@AuManufacturing·@AuManufacturing
Twenty-two Australian companies plus Monash University won Accelerating Commercialisation grants worth $12.2 million combined, with recipients including EVOS, BioCarbon, Ripe Robotics and Endua, each receiving matched government funding for commercialisation projects.
Also @AuManufacturing·Startup Daily·@AuManufacturing·@AuManufacturing
Main Sequence announces Australian Ethical has joined its second fund as a strategic backer, pairing ethical capital with deep tech investing to address challenges across health, food, space and industrial productivity.