Volt

Tesla reportedly discontinues solar roof tiles, and will now focus only on conventional PV modules

Tesla has reportedly dropped its Solar Roof tiles as financially unviable and will supply only conventional panels; the piece also recalls Australian startup Volt raising funds in 2024 for a competing product.

Also RenewEconomy

Small business lender Avenue is off its banking P plates

Avenue Bank, a Sydney lender to small businesses, has obtained a full banking licence from APRA, 18 months behind schedule; the article recalls its $37m Series B, Liberty's backing, and neobank failures and sales.

Fintech Indebted sacks 40 staff amid $22.5 million raise

Debt collection startup Indebted raised $22.5 million led by Perennial, doubling its valuation, while cutting 40 jobs; the article also recalls earlier raises and an acquisition.

Ignition Lane's Weekly Wrap: Venture capital is down, but a long way from out

Ignition Lane's weekly wrap reports falling Australian venture funding, lists several startup raises and fund raises, covers Chargefox's acquisition, Volt's closure, the Zip-Sezzle merger termination, and global tech news.

Also Startup Daily·Techboard

Neobank Volt is shutting down after failing to find fresh capital

Startup Daily reports neobank Volt is winding up, returning deposits and selling its mortgage book after a failed capital raise, recapping earlier raises by Judo Bank and Alex plus past neobank failures and acquisitions.

Also Startup Daily

Turnbull-backed medtech startup HealthMatch makes half its staff redundant

Clinical trials matching startup HealthMatch halves its team, shedding 18 jobs, 18 months after a Square Peg-led raise. The piece also recalls funding for Volt and Milkrun and reports the closures of Volt and Send.

Also Startup Daily·Startup Daily·SmartCompany

Volt urges customers to empty their deposit accounts as the neobank pioneer exits the banking sector

Volt, Australia's first licensed neobank, is closing its deposit-taking business and handing back its banking licence after global capital raising failed, telling customers to move funds; the article recalls Xinja, 86 400 and Judo outcomes.

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