Startup · $14m raised
Melbourne, VIC
Every investor coverage indicates participated in a round Jupiter Ionics raised.
| Investor | Rounds | Invested |
|---|---|---|
| Breakthrough Victoria | Series A | $4,000,000 |
| Australian Renewable Energy Agency (ARENA) | Grant | $2,500,000 |
| Tenacious Ventures | Grant · Series A · Seed | - |
| CIMIC Group | Series A | - |
| JCVC | Series A | - |
| Monash Investment Holdings | Series A | - |
| Olabella | Series A | - |
| Wesfarmers Chemicals | Series A | - |
| Wesfarmers Chemicals, Energy & Fertilisers | Series A | - |
Companies Jupiter Ionics acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Jupiter Ionics. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Victoria has folded LaunchVic and its Breakthrough Victoria investment fund into a new body, Innovation Victoria, naming its chair, deputy chair and leader, while recapping agrifood startups the fund has backed.
Breakthrough Victoria rounds up April–May 2026 portfolio news, including grants for Number 8 Bio and Xefco, Liquid Instruments' Series C, program selections, partnerships, regulatory clearances and two new Aravax directors.
The fund's authors recap two climate-investment events, weighing the massive global capital needs, mixed public-private funding models, and its clean-economy portfolio activity in Victoria.
Breakthrough Victoria showcases nine climate-focused portfolio companies across clean energy and agrifood, describing each technology and its contribution to the energy transition and circular economy.
Breakthrough Victoria highlights recent achievements of portfolio companies including funding, awards, and expansions for firms like Liquid Instruments, Quantum Brilliance, and Samsara Eco.
Breakthrough Victoria's update describes its $2 million commitment to ElectraLith's Series A, led by Main Sequence, covering the lithium extractor's water-free refining technology, Monash ties, pilot plant plans and growing team.
Also Startup Daily
Breakthrough Victoria's yearly investment review reports sixteen new portfolio companies backed in FY23/24, itemising five with amounts — Xefco, Raygen, Jupiter Ionics, Bygen, Aravax — and cumulative investment beyond $300 million.
Also SmartCompany
Breakthrough Victoria's agrifood director reflects on Victoria's food-system challenges and how portfolio companies Smart Paddock, Jupiter Ionics and Eden Brew could help build a more sustainable food future.
Victorian Governor's awards name DAS top startup and Acusensus top scaleup; HEX's Jeanette Cheah is Ecosystem Hero, with Tractor's Jodie Imam and Giant Leap's Rachel Yang sharing Investor of the Year.
Also LaunchVic
Agtech investor Tenacious Ventures reached an $18 million first close on its second fund, which has a $50 million target; backers include Trawalla Group, Wollemi Capital Group and Macdoch Ventures.
Also Forbes Australia
Australia's renewable energy agency handed out $59.1 million in grants across two rounds, backing 21 university, CRC and startup projects in green hydrogen and cleaner iron and steel production.
Also RenewEconomy
The Australian Renewable Energy Agency has expanded its hydrogen and green metals research funding to $59.1 million across 21 projects, with recipients including Hysata, Curtin University and Fortescue subsidiary MIH2.
Fremantle Seaweed, Vanable, FLK it over, Bae Juice, Nullify, Recce Pharmaceuticals, Broad Radio, VaultEscrow, Esper, Anni, CSF Enterprises, and Jupiter Ionics secured funding through various rounds including crowdfunding, seed, and grants.
Also SmartCompany·SmartCompany
Newsletter highlights Australian startup funding including Jet Zero, Kismet, VaultEscrow, Jupiter Ionics, ChronoForge, FLK it over, Anni, and Bae Juice, alongside M&A activity.
Also Early VC
Roundup of four Australian startups that each announced fresh capital this week: a caregiver healthcare app, a green ammonia producer, a clean energy project modelling platform, and a wellness advice marketplace.
Also SmartCompany
Emissions-free ammonia developer Jupiter Ionics has raised $9 million, adding Breakthrough Victoria, CIMIC Group and Wesfarmers Chemicals, Energy & Fertilisers to its earlier backers, and also recalls a $2.65 million grant from 2022.
Breakthrough Victoria puts $4 million into Jupiter Ionics' $9 million Series A for its green ammonia cell technology, alongside Wesfarmers Chemicals, Energy & Fertilisers and CIMIC Group.
Also @AuManufacturing·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Early VC
An agtech venture firm argues deeptech startups can deliver venture-grade returns: technical breakthroughs unlock industrial demand, while debt and project finance limit dilution, so outsized unicorns need not be the only target.
Tenacious Ventures led a A$2.5 million seed round in Jupiter Ionics, a Monash University spin-out making green ammonia electrochemically. Funds go to R&D and commercialization; Tenacious also recently closed its $27 million maiden fund.
Roundup of nine startup raises totalling $70 million, including Q-CTRL's Series B, Foundry Lab's round led by Blackbird, and EnGeneIC's crowdfunded COVID-19 vaccine raise, plus a new Elenium Automation board member.
Monash University has licensed its fossil-free ammonia process to spin-off Jupiter Ionics, which secured seed funding to commercialise the zero-emission production technique.
Tenacious Ventures' investment note on its participation in Jupiter Ionics' AUD 2.5 million seed round; the startup develops carbon-neutral ammonia production using technology invented at Monash University.