NRMA

Power play: Amber charges up on $78.5 million Series E for global push

Energy startup Amber Electric has closed a large Series E to fund European expansion, led by Morgan Stanley's climate tech fund, with prior backers returning. The piece also recalls earlier raises including government and utility funding.

Also RenewEconomy·Business News Australia·Forbes Australia·Cut Through Venture·Startup Daily·This Week in Australian Startups·Dynamic Business

Major Southern Cross Media investor pushes for chairman to be dumped

Sandon Capital seeks a vote to oust Southern Cross Media's chairman and two directors after opposing its Seven West merger; the piece also recalls that merger, a stake sale and a CEO change.

Also Sandon Capital·Sandon Capital

Sendle is dead, killed by a US merger partner who misled the Aussie startup's key investor, Federation

Federation says ACI Logistix hid its finances before merging with Sendle and FirstMile into Fast Group, now winding down, killing the courier; the article also recalls past Sendle and Strongroom raises.

Sendle suddenly shutters deliveries amid financial concerns after merger investor freezes funding

Alternative parcel delivery firm Sendle stopped taking bookings five months after merging into US parent Fast Group, whose financial troubles led investor Federation Asset Management to suspend fund withdrawals and inject emergency capital.

Also SmartCompany·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·SmartCompany

NRMA Insurance backs climate tech ventures with $100k Help Fund grants

NRMA Insurance has started giving $100,000 apiece to five climate startups through its new Help Fund, a program created with Climate Salad, with $1 million committed for the first year.

Energy retailer Amber Electric powers up with Charge HQ app takeover

Amber Electric has bought EV charging app Charge HQ for an undisclosed price; the piece recalls the retailer's Series A, B and C raises from Gentrack, NRMA, Commonwealth Bank, Main Sequence and Square Peg.

Also Startup Daily

Amber Electric

Breakthrough Victoria reports a $4.5 million investment in Amber Electric's $29 million Series C, led by GenTrack with Rubio Impact Ventures, funding jobs and product expansion.

Also Alberts Impact Ventures portfolio·Startup Daily·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Early VC·Business News Australia

Five Australian startups that raised at least $38.2 million this week

Roundup of five Australian startups that secured new capital this week: Amber Electric's $29m Series C, ProcurePro's $6.15m, Yume's $2m seed, Alt.Leather's $1.1m seed, plus an undisclosed Tenacious Ventures investment in Nbryo.

Smart solar retailer Amber buys energy monitoring app Powerpal

Amber has acquired energy monitoring app Powerpal for $9.5 million. The article also recalls Amber's $13.4 million raise in October, which included NRMA among its investors.

Motoring associations combine to nab EV charging startup Chargefox at $56 million valuation

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.

NRMA backs VC’s $50 million agritech fund

Mandalay Venture Partners' sustainability-focused agrifood tech fund has secured over $21 million in commitments toward a $50 million target, with NRMA as cornerstone investor plus personal commitments from Phillip St Baker and Angus Cameron.

Also @AuManufacturing·Techboard

Helping fleets to switch to electric vehicles

The government agency announces a grant to an EV software firm launching a program helping Australian vehicle fleets and electricity networks plan their transition to electric vehicles.

Insurer VC Firemark Ventures launches $75 million second fund

IAG's venture arm Firemark Ventures has committed a $75 million second fund, already deployed into Texas 3D imaging startup Plnar; earlier backing included UpGuard, Myriota, Hyper Anna, Airtasker and Life360.

Also Startup Daily

How airport tech startup Elenium Automation snagged a new group of customers in the face of COVID-19, and raised $30 million to boot

Airport automation company Elenium Automation has raised a $30 million Series B led by NRMA, after pivoting its touchless and health-screening technology toward healthcare and other sectors during the pandemic.

Also Startup Daily

Tritium appoints former Boeing executive Jane Hunter as new CEO

Brisbane EV charging maker Tritium names ex-Boeing Phantom Works executive Jane Hunter as CEO, with founder David Finn moving to Chief Growth Officer.

New Zealand startup Parkable acquires Brisbane's Park Genie

New Zealand parking app company Parkable has bought Brisbane rival Park Genie, whose founder becomes Queensland general manager. The piece also recalls Divvy Parking's 40 percent stake sale to NRMA in 2016.

Also SmartCompany·Startup Daily

Renewables to drive ultra-rapid electric vehicle network

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.

Also ARENA·RenewEconomy·RenewEconomy·RenewEconomy

Chargefox raises $15 million to build network of ultra-rapid charging stations for electric vehicles

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.

Also RenewEconomy·SmartCompany·Startup Daily·RenewEconomy

Tritium to expand into EU, US in new EV charging partnership

Brisbane EV charger maker Tritium has agreed a deal giving Gilbarco Veeder-Root a minor stake plus sales rights, alongside US energy department funding selection and charger supply deals across Europe, the US and NRMA.