RedEarth Energy Storage Ltd

🇦🇺 This Week in Australian Startups #180, 4th October 2026

Weekly roundup reporting Australian startup funding rounds and government grants, a venture fund close, agreed acquisitions, an IPO pricing, a collapse, plus executive hires and AI policy developments.

Perennial, Ords-backed RedEarth Energy collapses into administration

Queensland battery firm RedEarth Energy Storage has entered voluntary administration, leaving backers including Perennial Partners and Thorney Technologies facing losses after once being valued at $100 million.

Also This Week in Australian Startups

Coterie Capital advises RedEarth Energy Storage on its $40m takeover

Coterie Capital advised RedEarth Energy Storage on a reverse takeover with Health and Plant Protein Group, which has acquired over 90% of RedEarth's shares in a deal implying a combined value near $40m.

Also RenewEconomy

Business News Australia Media Release: “Dragonfly’s Impact Growth Fund Looks to Raise $50 Million, Proving Sustainable Doesn’t Mean Sacrifice”

Ten Australian startups that raised a combined $88 million this week

Weekly roundup of ten Australian startup raises totalling $88.18 million, spanning energy traceability, agtech, digital health and packaging, from Enosi's $1.48 million to Packform's $25 million.

Also Cut Through Venture·Startup Daily·SmartCompany·rnz.co.nz·insolvencyinsider-au.com

Solar battery network startup RedEarth raises $12 million as it looks to ASX listing

Queensland battery maker RedEarth Energy Storage has raised $12 million ahead of a planned 2022 sharemarket float, with Ord Minnett Private Opportunities leading and Perennial Value and Thorney among the backers.

Also @AuManufacturing·RenewEconomy·Dragonfly Enviro Capital·SmartCompany

SwitchDin accelerates growth with new leadership appointment

Energy software firm SwitchDin hires Marc Sheldon as its first Chief Operating Officer to drive expansion; he previously led Asia Pacific operations at battery maker sonnen.

Power-storage startup raises $4.75 million, after five years of very deliberate bootstrapping

Brisbane battery-storage maker RedEarth Energy Storage has raised its first external funding, a Series A, backed by institutional and family-office investors and matched by a Queensland government fund.

Also SmartCompany