Startup · $10m raised
Every investor coverage indicates participated in a round Iondrive raised.
| Investor | Rounds | Invested |
|---|---|---|
| Australian Government | Grant | - |
| Industry Growth Program | Grant | $3,885,362 |
| CSIRO | Grant | - |
| Green Industries SA | Grant | - |
Companies Iondrive acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Iondrive. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Roundup of the week's five most-read pieces: a hydrogen startup's pilot launch after its seed raise, federal grants to three manufacturers, an opinion piece, Codan's annual results, and a battery maker's failure.
Three companies named among recipients of $28.7 million in federal grant funding, with individual awards to SDIP, Iondrive and Caulmar; SDIP also featured on the publisher's innovative manufacturers list.
Also @AuManufacturing
Weekly roundup of the publisher's five most-read stories: Victorian government grants to eleven manufacturers, Kongsberg defence export contracts, a federal grant for Iondrive, battery maker Energy Renaissance entering administration, and NSW recycling grants.
Iondrive has secured up to $3.9m from Canberra's Industry Growth Program for a battery-recycling pilot plant, with an earlier $100,000 award from Green Industries SA funding urban mining research.
Allegro Energy's chief executive argues local manufacturing can put Australia at the front of advanced manufacturing, recounting his flow-battery company's Hunter base, Origin Energy pilot and Series A capital, ahead of a Sydney panel.
Manufacturing roundup: two hydrogen aircraft developers register cryogenic hydrogen tanks, a new WA Chief Scientist begins, a battery recycler wins a state grant, and the steel lobby seeks US tariff relief.
Weekly most-read roundup: a NSW lean-manufacturing program opens, Simcoa wins a $39.8m grant, First Graphene ships additive to the UK, Oceania Glass collapses, and a battery-recycling profile.
Battery recycler Iondrive completed a $6.1 million share placement to fund a pilot plant for its deep eutectic solvent recycling process; proceeds may partly fund acquiring the University of Adelaide technology.
Also @AuManufacturing