Investor · 1 deal
Every published round Australian Motoring Services (AMS) took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Chargefox | Unnamed stage | 22 Oct 2018 | $15m | Participant | Startup Daily (Mon 4 Jul 2022), RenewEconomy (Fri 26 Oct 2018), SmartCompany, Startup Daily (Mon 22 Oct 2018), RenewEconomy (Mon 22 Oct 2018) |
Companies Australian Motoring Services (AMS) has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Chargefox | 22 Oct 2018 | 1 | 0 |
Fund closes reported for Australian Motoring Services (AMS), as distinct from the investments it has made.
Companies Australian Motoring Services (AMS) has backed that another company then bought. An exit for the holding, not a deal Australian Motoring Services (AMS) did.
| Name | Role | Sources |
|---|---|---|
| Michael Reed | CEO | ARENA, Startup Daily |
Stories naming Australian Motoring Services (AMS). Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Australia's motoring clubs, via Australian Motoring Services and led by the NRMA, have taken full ownership of EV charging network Chargefox in a deal reportedly worth nearly $30 million, valuing the business at $56 million.
The renewable energy agency grants millions so a charging company can build the nation's first renewable-powered ultra-rapid EV network, with state government support and backing from motoring clubs and private investors.
Chargefox has secured $15 million from a government agency, a state government, motoring clubs and private backers to begin building a national network of ultra-fast electric vehicle charging stations linking major east-coast cities.