LR: Electrochemical scientist Dr. Amruta Vijayakumar and senior research coordinator Dr. Jacinta Bakker. Source: Provided.
Climate change technology is an increasingly important part of Australia’s startup ecosystem, with stories of startups raising millions of dollars for climate, energy and sustainability-focused solutions. I hear it every week.
So, in honor of Earth Day 2024, we’re taking a quick look at some of the most innovative Australian technology startups in this sector that have raised significant amounts of funding so far this year.
RayGen Resources: $51 million
Today, RayGen Resources announced a $51 million Series D led by Breakthrough Victoria and SLB.
The funding is expected to strengthen RayGen’s manufacturing and engineering capabilities in Victoria and support its expansion efforts nationally and internationally.
Richard Payne, CEO of RayGen Resources.Image: Raygen
Amber Electric: $29 million
In January, amber electric The company has raised a $29 million Series C round (estimated valuation at $120 million) to support its expansion in Australia and entry into international markets, with a focus on battery and EV automation technology. .
LR:: Mark Rees (Gentrack CTO), Chris Thompson (Amber Co-Founder and Co-CEO), Gary Miles (Gentrack CEO), Dan Adams (Amber Co-Founder and Co-CEO).Source: Provided
National Renewable Network: $10 million
Also in January National Renewable Network It has secured $10 million in new funding for a B2B platform aimed at making solar power and battery systems more accessible to Australians.
NRN founder Alan Hunter.Source: Provided
Cauldron: $9.5 million
March: Start of precision fermentation cauldron has closed a $9.5 million Series A funding round to continue expanding its cutting-edge approach to continuous fermentation. This sets the stage for more sustainable bio-based products to achieve price parity and mainstream adoption.
Michelle Stansfield, co-founder and CEO of Cauldron.Source: Cauldron
Jupiter Ionics: $9 million
Also in March, jupiter ionix has raised $9 million in Series A funding for a carbon-neutral ammonia that could have widespread application in fertilizers used in agriculture.
LR: Electrochemical scientist Dr. Amruta Vijayakumar and senior research coordinator Dr. Jacinta Bakker. Source: Provided.
Grid Cog: $6.4 million
Western Australian clean energy software startup grid cog also raised capital in March, securing £3.3 million ($6.4 million) for a platform that helps companies simulate and track clean energy projects to help them assess the best solution for their needs.
Founder of Gridcog. Source: Provided.
MGA Thermal: $5.7 million
April, New South Wales-based clean energy startup MGA thermal has raised $5.7 million, bringing its latest round of funding to approximately $14 million as it prepares to enter the next phase of testing for its thermal energy storage system.
LR: MGA Thermal Executive Chairman and Chief Scientist Eric Kisi and CEO Mark Claudus.Source: Provided
Sunday: $5.3 million
Also in April, Tasmanian accounting startup Sunday Its platform is said to be “the only carbon accounting platform originally built for accountants.”
LR: Someday’s Danny Hoare, Jessica Richmond, Lindsay Ellis.Source: Jazz Upton, Moon Cheese Studio
Gaia Envirotech: $4.3 million
February, Victoria startups Gaia Envirotech Raised $4.3 million to continue decarbonization efforts in the food, manufacturing, and agriculture sectors. The Ballarat-based organic waste management and bioenergy company has developed a so-called modular anaerobic digestion and in-vessel composting service to help businesses meet their environmental, social and governance (ESG) goals.
RFM visited the Gaia EnviroTech biolab and office in Ballarat.Source: Gaia Envirotech
Bigen: $2.6 million
green tech startup bigen announced in April that it had closed a $2.6 million Series A round and is building a large-scale production plant for the technology that turns agricultural waste from nut shells into activated carbon and uses it to filter environmental toxins. He also announced plans to establish a new company.
Dream: 2 million dollars
Earlier this year, a food distribution startup dream We’ve raised $2 million in seed funding to continue building our platform to connect and reduce food waste. Manufacturers provide surplus food to businesses and charities.
Katie Barfield, CEO and Founder of Dreams.Image: Attached
Fremantle Seaweed: $1.26 million
March, Fremantle seaweed We secured $1.26 million through a Birchal equity crowdfunding campaign. The startup farms seaweed as a way to combat climate change and provide a sustainable food source.
Fremantle Seaweed founders Chris de Kuyper and Mick Holland.Source: Fremantle Seaweed
Alternative leather: $1.1 million
End of January, based in Melbourne alternative leather We raised an oversubscribed $1.1 million in seed funding for animal-free, plastic-free, agricultural waste-based leather products.
Tina Funder, Founder and CEO of ALT.Leather.Source: Provided
AVESS Energy: $1 million
April launches Perth-based energy storage system Aves Energy The company raised $1 million in a funding round called Series A Round 2. The company owns 50% of Korean vanadium redox flow battery (VRFB) research and development company KORID Energy and is the owner of its technology, promoting itself as “Australia’s next energy storage solution” .
Aves Energy.Source: Provided
Carbon Headquarters: $600,000
During February, carbon headquarters has secured $600,000 in pre-seed funding for an all-in-one digital platform that makes carbon projects more efficient and transparent for developers.
LR: CarbonHQ founders Allen Huang and Eugene Dutsky.Source: Provided
