Founder, Magellan Power

Masoud Abshar

Role	Organisation	Sources
Founder	Magellan Power	RenewEconomy (Fri 20 Feb 2026), RenewEconomy (Fri 20 Feb 2026), RenewEconomy (Thu 24 Jul 2025)

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Stories naming Masoud Abshar. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

Unnamed stage $15m

Australian home battery upstart banks “strategic investment” towards manufacturing plans

Magellan Power, a Perth maker of energy storage systems, has brought in Viburnum Funds as its first private equity backer, a stake reported at $15 million, to fund local battery manufacturing and recycling.

RenewEconomy Fri 20 Feb 2026 Magellan Power PKF Perth the federal government Viburnum Funds Masoud Abshar

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Australian battery manufacturer seeks funds for significant expansion as home battery market booms

RenewEconomy profiles Magellan Power, a Perth battery systems maker founded in 1991, which is looking for capital to expand manufacturing and recycling, including its new Karri home battery, as rebate-driven demand surges.

RenewEconomy Thu 24 Jul 2025 Future Battery Industries Cooperative Research Centre Magellan Power University of WA Masoud Abshar

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Masoud Abshar

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Coverage

Australian home battery upstart banks “strategic investment” towards manufacturing plans

Australian battery manufacturer seeks funds for significant expansion as home battery market booms