Investor · 3 deals
Every published round RACV took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Jet Charge | Unnamed stage | 19 Dec 2024 | $72m | Participant | SmartCompany, Startup Daily, Kilara Capital portfolio | |
| Jet Charge | Accelerator | 17 Feb 2022 | $25m | Lead | SmartCompany (Fri 20 Dec 2024), Startup Daily (Thu 19 Dec 2024), SmartCompany (Thu 12 Oct 2023), LaunchVic, Startup Daily (Mon 24 Apr 2023), RenewEconomy, Virescent Ventures portfolio | |
| Chargefox | Unnamed stage | 22 Oct 2018 | $15m | Participant | Startup Daily (Mon 4 Jul 2022), RenewEconomy (Fri 26 Oct 2018), SmartCompany, Startup Daily (Mon 22 Oct 2018), RenewEconomy (Mon 22 Oct 2018) |
Companies RACV has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Chargefox | 22 Oct 2018 | 1 | 0 | |
| Jet Charge | 17 Feb 2022, Accelerator | 2 | 1 |
Fund closes reported for RACV, as distinct from the investments it has made.
Companies RACV has backed that another company then bought. An exit for the holding, not a deal RACV did.
| Name | Role | Sources |
|---|---|---|
| Neil Taylor | MD and CEO | Virescent Ventures portfolio |
| Renae Gasmier | GM of Energy Services | Startup News (WA), Virescent Ventures portfolio, CEFC, gridcog.com |
Stories naming RACV. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
EnergyLab names ten hardware-focused climate tech companies joining its 2026 Climate Solutions Accelerator, which pairs seed investment with a six-month program. Several hold government grants, and Catch Power's 2024 purchase of Solar Analytics is recalled.
Also RenewEconomy
Profile of JET Charge co-founder Tim Washington, tracing the EV charging firm's growth and recalling its 2020 institutional round and $72 million Series C led by Mirova.
Origin Energy is buying Energy Locals, the membership-based power retailer founded to disrupt Australia's major gentailers. Its current owners, a consortium led by Palisade Impact, purchased it from Quinbrook about a year ago.
Weekly roundup covering seven Australian companies' fresh capital: EV charging, satellite IoT, sovereign cloud, wearables, workplace messaging, plus two crowdfunding raises on Birchal.
Also Startup Daily·Startup Daily·@AuManufacturing·@AuManufacturing
Jet Charge, an Australian electric-vehicle charging company, has secured $72 million with Mirova leading and earlier backers returning, to develop charging technology and its subscription model.
Also SmartCompany
Orkestra, a Melbourne clean-energy software firm, won $2.77 million in ARENA co-funding to accelerate commercial EV charger rollout; a year earlier it banked $2 million in seed funding from Tidal Ventures.
LaunchVic profiles EV charging firm JET Charge, covering its 2022 Series B raise backed by RACV and other investors and its place in the second 30X30 scaleup intake.
IoT home-safety maker Sensor Global has banked a $2.65m seed round from property-focused backers including Second Century Ventures, which rated it the pick of its 2023 Australian accelerator intake.
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.
An EV charging company has closed a Series B of over A$25 million led by RACV, with the CEFC's innovation fund, Claremont Capital and earlier individual backers taking part; its 2020 Series A is also recalled.
Energy software firm Gridcognition closed a $2.25 million seed round; CEFC committed $625,000 through its innovation fund alongside Alberts Impact Ventures, Afterwork Ventures and angel investors, taking total funding near $4 million.
Also Virescent Ventures portfolio·gridcog.com·Startup News (WA)·Startup News (WA)·Startup News (WA)
ARENA is funding twelve distributed energy projects with $9.6 million: five grid-capacity pilots led by five companies, plus seven studies led by utilities, universities and CSIRO.
Also @AuManufacturing
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.
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.
RAC's innovation arm BetterLabs has launched a three million dollar seed fund for WA startups, led by Derek Gerrard, and the article recalls earlier investments by RACV, RACQ and BetterLabs itself.