Led · Seed · Sep 2025

Founded in 2021 by Tim Hill and Brodie Ruttan, Fleetyr offers software that integrates and visualises siloed data streams—ranging from telematics to HR records and fuel-card transactions—into one interface for fleet managers. The product helps customers detect fraud, reduce idle time, and cut operational costs while improving safety outcomes. Fleetyr’s go-to-market strategy leverages close relationships with software and hardware providers, which currently generate 90% of its leads. The platform has gained traction quickly, now serving customers across five continents, and the company has already reached profitability through bootstrapping. Management sees a large opportunity as the global fleet management software market is projected to exceed US$50 billion by 2030. With fresh capital, Fleetyr plans to expand its team, add features such as benchmarking and network mapping, and deepen its international presence. The company positions itself as an essential analytics layer amid the rapid data explosion from connected vehicles and tightening regulatory environments.

Participated · Equity · May 2023

Endua develops modular, compact proton exchange membrane (PEM) electrolysers intended for on-site, decentralized hydrogen production. The company’s PEM architecture is designed to reduce dependence on imports and simplify deployment by minimizing site works, infrastructure and commissioning complexity. Endua targets sectors including transport, off-grid power generation and industrial gases, and highlights reduced logistics and storage costs as a benefit of on-site hydrogen production. The company is executing the Advanced Hydrogen Electrolyser for Australian Decarbonisation (AHEAD) project to scale local manufacturing and deployment. Endua says the funding will help build local expertise and strengthen supply chains to capture future growth in Australia and internationally. The business recently obtained $4.88M (AUD7.2M) in financial support via the Australian government’s Industry Growth Program. Endua builds stand‑alone, modular hydrogen power banks that use electrolyzers to split water, high‑pressure tanks to store hydrogen for months, and fuel cells to convert stored hydrogen back to electricity. Each module can drive power loads up to 100 kW, scalable to serve water pumps, farm sheds, telecom infrastructure and other remote loads. The systems are designed to integrate with existing solar and wind installations to capture excess energy and overcome intermittency. Founded in 2021 and based in Australia, Endua manufactures its products domestically and is establishing manufacturing facilities in Queensland. The company has received AU$11.8 million in new funding and will use the capital to scale pilot systems and hire over the next 18 months. Endua has also received a total of $4.3 million in grants, including the Entrepreneurs’ Programme Accelerating Commercialisation Grant, the Cooperative Research Centres Project and the Advanced Manufacturing Growth Centre Grant. Endua develops hydrogen-powered clean energy storage and modular power banks that use electrolysis to produce and store hydrogen for long-term, dispatchable renewable power. Its modular packs can run up to 150 kilowatts per pack and be extended to serve different use cases as an alternative to diesel generators; batteries are positioned as complementary backup. The core technology was developed at CSIRO and is being commercialized through Main Sequence's venture-science program, with Paul Sernia serving as CEO. Endua is backed by A$5 million in funding from Main Sequence, CSIRO and Ampol, which will also act as an industry partner. The startup plans to launch in Australia first, targeting industrial and off-grid diesel-generator users—regional communities, mines, remote infrastructure and farming applications—before expanding internationally and to smaller businesses and residences. Ampol will test and commercialize the technology to its roughly 80,000 B2B customers as part of its Future Energy and Decarbonisation Strategy.