Startup · $16.7m raised
Perth-based home battery market newcomer
Perth, WA
Every investor coverage indicates participated in a round Magellan Power raised.
| Investor | Rounds | Invested |
|---|---|---|
| Western Australian government | Grant | - |
| Viburnum Funds | Unnamed stage | - |
Companies Magellan Power acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Magellan Power. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Three Western Australian firms, including battery newcomer Magellan Power, have been awarded grants totalling $1.7 million under the state's Local Battery Manufacturing Program to develop prototypes and expand battery manufacturing capacity.
Also RenewEconomy
Magellan Power, a Perth maker of energy storage systems, has brought in Viburnum Funds as its first private equity backer, a stake reported at $15 million, to fund local battery manufacturing and recycling.
Also RenewEconomy
RenewEconomy profiles Magellan Power, a Perth battery systems maker founded in 1991, which is looking for capital to expand manufacturing and recycling, including its new Karri home battery, as rebate-driven demand surges.