Startup · $25m raised
Sydney, NSW
Every investor coverage indicates participated in a round Evergen raised.
| Investor | Rounds | Invested |
|---|---|---|
| Providence Asset Group | Series B · Unnamed stage | $3,000,000 |
| FRV-X | Series B | $15,000,000 |
| FRV Australia | Series B | - |
| Fotowatio Renewable Ventures Australia (FRV) | Series B | - |
| Fotowatio Renewable Ventures (FRV) | Series B | - |
| Artesian VC | Series B · Series A | - |
| AMP Capital | Series B · Series A | - |
Companies Evergen acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Alan Yu | Director (former) | RenewEconomy (Wed 7 Oct 2020), RenewEconomy (Tue 6 Oct 2020) |
| Ben Hutt | CEO and Managing Director | solarinsider.com.au, esdnews.com.au, evergen.energy, frv.com, pv-tech.org, RenewEconomy (Wed 22 Jun 2022), RenewEconomy (Wed 7 Oct 2020), RenewEconomy (Tue 6 Oct 2020), RenewEconomy (Mon 1 Jun 2020), RenewEconomy (Wed 26 Feb 2020), RenewEconomy (Thu 19 Dec 2019), RenewEconomy (Tue 26 Nov 2019) |
| Emad Nashed | Senior Software Engineer | RenewEconomy |
| Lucy Carpinelli | Solution Architect | RenewEconomy |
| Michael Cummings | Chair (former) | solarinsider.com.au, evergen.energy, frv.com, RenewEconomy |
Stories naming Evergen. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Investible's climate tech arm explains its seed investment in Hachiko, a software platform for commercial and industrial batteries, citing distributed storage growth and the founder's energy-trading background.
Techboard's monthly roundup logs June 2022 Australian funding events, including GO1's Series E, Edrolo's Series B, two acquisitions, several new funds reaching closes, and accelerator intake announcements.
Also Techboard
Energy software firm Evergen has closed a $15 million round led by FRV-X to grow its solar and battery optimisation platforms, crediting the new federal government with restoring investor confidence in Australian clean tech.
Also pv-tech.org·frv.com·evergen.energy·esdnews.com.au·Techboard·solarinsider.com.au·hamiltonlocke.com.au
Hydrogen tech maker Lavo and JV partner Nedstack will build a factory near Brisbane, reportedly costing $20 million and supported by an Advanced Manufacturing Growth Centre grant, with production planned for late 2021.
Providence Asset Group has bought a $3 million stake in energy software firm Evergen, joining AMP Capital and Artesian as leading shareholders; co-founder Alan Yu joins the board and further investment is planned.
Also RenewEconomy·RenewEconomy
Energy software company Evergen, spun out of CSIRO, closed a six million dollar Series A round raised through crowdfunding, with commitments from two investment firms, to grow its battery optimisation platform.
Evergen has appointed Lucy Carpinelli as solution architect and Emad Nashed as senior software engineer to build its energy trading technology; CEO Ben Hutt says the hires support growth and battery orchestration plans.
Evergen opens its AMP Capital and Artesian-led Series A to crowd investors via VentureCrowd, seeking funds for global expansion after New Zealand trials and a South African distribution deal.
Also RenewEconomy