Startup · $1.2b raised
Renewables developer operating nine solar farms across Australia and New Zealand, owned by a Saudi investment fund and a Canadian infrastructure fund
Every investor coverage indicates participated in a round Fotowatio Renewable Ventures Australia (FRV) raised.
Every published round Fotowatio Renewable Ventures Australia (FRV) 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 Fotowatio Renewable Ventures Australia (FRV) has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Evergen | Energy technology company where Hachiko's founder and some team members previously worked | 22 Jun 2022 | 1 | 0 |
Fund closes reported for Fotowatio Renewable Ventures Australia (FRV), as distinct from the investments it has made.
Companies Fotowatio Renewable Ventures Australia (FRV) has backed that another company then bought. An exit for the holding, not a deal Fotowatio Renewable Ventures Australia (FRV) did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| No portfolio company of Fotowatio Renewable Ventures Australia (FRV) is recorded as having been acquired. | ||||
Companies Fotowatio Renewable Ventures Australia (FRV) 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 |
|---|---|---|
| Carlo Frigerio | Managing Director | RenewEconomy (4 Aug 2025), RenewEconomy (7 Aug 2024) |
Stories naming Fotowatio Renewable Ventures Australia (FRV). Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
FRV has secured financing for its Gnarwarre battery in Victoria, adding two financiers to last year's portfolio-wide refinancing; the article also recalls the Terang close and a 2022 ARENA grant.
FRV Australia proceeds with its Terang battery in Victoria after a $1.2 billion portfolio refinancing; the piece also recalls a state grant and the 2021 project purchase from Ace Energy.
Also RenewEconomy
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.
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
Energy software firm Evergen has closed a $15 million round led by FRV-X to grow its solar and battery optimisation platforms, crediting the new federal government with restoring investor confidence in Australian clean tech.
Also Techboard