Tritium

Australian flow battery pioneer put into administration after failing to find backers

Brisbane flow battery maker Redflow has entered voluntary administration after failing to attract matching private investment, with Deloitte appointed; the article also recalls Tritium's sale to Exicom and a small earlier Redflow equity raise.

Also @AuManufacturing·RenewEconomy·RenewEconomy

Queensland EV charger startup EVOS banks $4 million in hunt for $10m Series B

EVOS, a Brisbane EV charging startup, has secured $4 million from existing backers as the opening slice of a planned $10 million Series B; its three founders previously worked at failed charger maker Tritium.

Also SmartCompany

Solar battery startup Redback's back from the brink with new owners

Brisbane battery maker Redback Technologies exits voluntary administration under new owner Australia Ebon, which injected an initial $500,000; earlier backers Energy Queensland, the Clean Energy Finance Corporation and Energy Australia are recalled.

Tritium’s rapid rise and spectacular collapse will be a lesson for Labor’s Made in Australia campaign

EV charger maker Tritium has collapsed into administration: KPMG controls its Australian units and McGrathNicol will look for a buyer, after losses, a refused bailout and a failed fight to keep its Nasdaq listing.

Unicorn dehorned: Nasdaq-listed Brisbane EV charging venture Tritium collapses into receivership

Brisbane EV charging maker Tritium, once valued at A$1.55 billion at its 2021 Nasdaq listing, has collapsed into receivership, with McGrathNicol appointed receivers and KPMG administrators after directors deemed it insolvent.

Also RenewEconomy·Startup Daily

Tritium's rapid rise and collapse is over – goes into administration

EV charger maker Tritium DCFC has collapsed into administration, with KPMG appointees taking control of its Australian subsidiaries, after losses, a troubled US expansion, and a failed bid for Queensland government support.

Also @AuManufacturing·RenewEconomy·@AuManufacturing

GLOBAL CHARGE: Brisbane clean tech startup EVOS Energy breaks into India with export grant

Brisbane EV charging maker EVOS Energy receives Queensland government backing to take its chargers into India; the profile also recalls its $5 million Series A and traces its growth.

Also Startup Daily

Carbon Revolution to manufacture in Mexico – media report

AuManufacturing columnist Peter Roberts laments the cut-price sale of wheel maker Carbon Revolution to US backers and reports plans for Mexican production, citing Tritium's offshore shift as another local manufacturing loss.

Best of the week — the five most popular stories among readers, November 6 – 10, 2023

Weekly roundup of the five most-read stories: Tritium shifting charger production to Tennessee, Carbon Revolution's NASDAQ listing, defence grants for manufacturers, a bushfire-resistant paint hitting shelves, and Cobram Estate Olives' 25-year growth.

Nine Aussie startups that raised $107.35 million this week

Weekly roundup detailing nine Australian startup funding rounds totalling $107.35 million, spanning pet e-commerce, quantum sensors, proptech, agtech, EV charging, sailing apparel, marketing tools, consumer goods and pregnancy wearables.

Also Startup Daily·Australian FinTech·SmartCompany·AgFunderNews

Hydrogen energy company Endua raises $11.8 million

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

St Baker seeks $200 million in new fund focused on EVs, flying cars and energy

Trevor St Baker is launching a second investment fund seeking $200 million from outside backers, after his first vehicle backed Tritium, Novonix, Evie Networks and other energy and mobility companies.

CEFC congratulates Gridcognition on close of seed round at nearly $4m

Energy software firm Gridcognition closed a $2.25 million seed round; CEFC committed $625,000 through its innovation fund alongside Alberts Impact Ventures, Afterwork Ventures and angel investors, taking total funding near $4 million.

Also Virescent Ventures portfolio·gridcog.com·Startup News (WA)

Tritium lists on NASDAQ, starts building US plant

Australian EV charger maker Tritium has gone public on Nasdaq via a merger with a SPAC and begun building a US factory, while keeping its Brisbane manufacturing base.

Also RenewEconomy·Startup Daily·Startup Daily·Startup Daily·RenewEconomy

The final FUNDED for 2021

Techboard's year-end roundup catalogues November funding activity: big raises for Rokt, Harrison.ai and Pet Circle, five acquisitions, Investible's second fund closing at $51.6m, plus a watchlist of companies still seeking capital.

Also SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·SmartCompany·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Australian FinTech·Forbes Australia

Pet Circle raises $125m to become Australia's latest unicorn

Sydney pet-care platform Pet Circle has raised $125 million in a Series C round backed by Prysm Capital, TDM Growth Partners, Baillie Gifford and AirTree Ventures, reaching unicorn status.

Also Techboard·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Business News Australia·petnews.com.au·Forbes Australia·Forbes Australia·SmartCompany