Ledger.

CEO · Founder, Endua

Dr Paul Sernia

Coverage

Stories naming Dr Paul Sernia. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

4 deals

Melt Ventures launches $10 million climate tech fund, but isn’t interested in software

Melt Ventures has closed a $10 million fund for hardware-focused climate tech and named its first investments, including Endua's $11.8 million pre-seed round backed by Melt, Main Sequence, QIC, 77 Partners and Ampol.

Also @AuManufacturing·SmartCompany·Startup Daily·Startup Daily·@AuManufacturing·mgathermal.com

2 deals

Hydrogen energy company Endua raises $11.8 million

Hydrogen storage startup Endua has raised $7.5 million from QIC, Melt Ventures and 77 Partners to scale its modular hydrogen power banks for microgrid and standalone power markets.

Also @AuManufacturing·@AuManufacturing·Techboard·@AuManufacturing

2 deals

Australian clean tech Endua fixes renewable energy's intermittency problem

Australian hydrogen startup Endua raised AU$11.8 million from QIC, Melt Ventures, 77 Partners, Main Sequence and Ampol to scale modular hydrogen power banks that store surplus renewable electricity for later use.

Also SmartCompany·SmartCompany·@AuManufacturing

14 deals

The startup funding round: Tech for COVID-19 vaccines, automating oyster farms, and $25 million for cybersecurity

Weekly funding roundup: UpGuard raises $25m, Tanggram $5m, Endua launches with $5m, Cubiko $1.7m, The Village Co $1.2m, Tribu $1.25m, SmartOysters and BatNav crowdfund, Chipper Cash closes US$100m, and Main Sequence's fund closed.

2 deals

CSIRO and Ampol team up for “step-change” hydrogen storage technology

CSIRO and Ampol have launched Brisbane hydrogen storage startup Endua with $5 million in initial backing from Main Sequence and Ampol, commercialising CSIRO electrolysis technology for off-grid and remote power applications.

Also Square Peg Capital portfolio·Startup Daily·RenewEconomy·Startup Daily·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily

Unnamed stage $5m

Endua creates hydrogen-powered clean energy storage, using tech from Australia's national science agency

Brisbane hydrogen storage startup Endua has raised AUD 5 million from Main Sequence, CSIRO and Ampol to commercialise electrolysis technology developed at CSIRO, with Ampol as industry partner.

Also @AuManufacturing·RenewEconomy·SmartCompany·@AuManufacturing·@AuManufacturing

Exit / M&A

SPAC ATTACK: Brisbane EV charging venture Tritium heads to NASDAQ listing with $1.55 billion valuation

Brisbane EV fast-charger maker Tritium is merging with US SPAC Decarbonization Plus Acquisition Corp II to list on NASDAQ at an A$1.55 billion valuation, anticipating up to US$403 million in gross proceeds.

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