St Baker Energy Innovation Fund
Level 11, 344 Queen Street, Brisbane, Queensland, 4000, Australia
Overview
St Baker's Energy Innovation Fund invests in early-stage development enterprises with breakthrough energy and e-mobility solutions. The Fund leverages its breadth of knowledge in these fast-growing areas, both technical and commercial, to build value for its investee firms and provide a substantial, sustainable return.
- Total investments
- 4
- Lead investments
- 1
- Investments · 12mo
- 1
- Active investors
- 1
Investment portfolio
- Applied EV
Participated · Series B · Jan 2026
Founded in 2015, Applied EV (AEV) builds the Blanc Robot, a cab-less, flat-chassis autonomous electric vehicle platform that can be configured for multiple industrial and logistics use cases, including last-mile delivery and operations in hazardous or remote mining sites. The Generation 6 Blanc Robot, introduced a year ago, integrates proprietary electronics and software developed and installed in Australia while sourcing its chassis from Suzuki Motor Corporation. AEV’s mission is to commercialise and scale this platform globally, leveraging Australia’s engineering talent and on-shore manufacturing capabilities. The company currently employs 113 people after a 40 % workforce reduction over the past year but expects to add 25 skilled roles with new funding. To date, AEV has raised a total of roughly US$80 million, including a prior US$40.5 million round in 2022 backed by Suzuki. The latest capital infusion strengthens its balance sheet and supports large-scale production, deployment and commercial contracts for the Blanc Robot.
- Revel
Participated · Series B · Feb 2022
Revel builds and operates public fast-charging stations for electric vehicles, with an initial focus on New York City. The company secured a $60 million loan from NY Green Bank to expand its fast-charging network in NYC. That funding will support nine sites that together will add 267 new fast-charging stalls by 2027; over the next 12 months Revel plans to complete five public sites with about 158 stalls, including a JFK airport station. Revel broke ground at JFK in November and expects that site to open in Q1 2025; its Maspeth, Queens site will include 60 stalls, making it one of the largest public charging stations in the nation. NY Green Bank's loan is its first investment in EV charging infrastructure, which the article frames as a sign that debt lenders are beginning to see charging infrastructure as a returnable investment. Revel is continuing to raise both equity and debt to build additional stations in California and hopes to launch a Bay Area site this year, aiming to serve ride-hail drivers and the emerging electric robotaxi industry. Revel operates high-volume public EV fast-charging Superhubs designed for multiple use cases, including general consumers, Revel’s all-electric rideshare fleet, third-party rideshare operators and light-duty delivery vehicles. Its flagship Superhub is in Bed-Stuy, Brooklyn, and the company plans to open additional sites in US cities in 2023. All new Superhubs will be future-proofed with a large number of stalls and charging speeds of at least 150kW. Revel is led by CEO Frank Reig. The company raised $50M in debt financing led by BlackRock Alternatives through its Climate Infrastructure fund to grow its Superhub network. The investment follows a $126M Series B announced in February that was led by BlackRock. Revel began as a Brooklyn-based operator of shared electric mopeds and has expanded into building public EV fast-charging “Superhubs” and an all-EV ride-hail service. The company launched its first Superhub in Brooklyn last June with 25 charge points and plans to build additional hubs with 10 to 15 universal DC-fast chargers each. Revel says new hubs will be open 24/7 and accessible to any brand of EV. It launched an all-Tesla ride-hail service in Manhattan six months ago with a fleet of 50 Tesla Model Ys and has provided over 93,000 rides to date. Revel is winding down its e-bike subscription unit while continuing its moped service. The company plans to use the new funding to expand its Superhub network across NYC and potentially other major U.S. cities. Revel operates a shared electric-moped service with more than 1,400 mopeds across Washington, D.C., and Brooklyn and Queens in New York. Its core product is motor-vehicle mopeds capped at 30 mph that are intended to ride in the street and require license plates and third-party auto liability insurance. The company provides two helmets (with single-use liners) per ride and requires users be licensed drivers aged 21 or older who pass an initial safe-driving history check. Vehicles have about a 50-mile range, an estimated three-year asset life, and Revel performs battery swaps and routine maintenance every four to six months using full-time employees rather than gig workers. Pricing is $1 to start, $0.25 per minute to ride and $0.10 per minute while parked, and Revel offers a Revel Access program that cuts costs by 40% for eligible riders. The company says the capital will be used to scale its fleet within current cities and expand into new markets, targeting about 10 cities by mid-2020. Revel deploys shared, safety-certified electric mopeds that include insurance and helmets and are registered with the New York Department of Motor Vehicles. After a nine-month pilot that used 68 mopeds, Revel has launched 1,000 new two-rider mopeds across more than 20 neighborhoods in Brooklyn and Queens. Riders must register in the Revel app with a driver’s license and pay a one-time $19 fee for a motor vehicle license check. The company opened a 10,000-square-foot operations facility in Red Hook to support the commercial launch and expanded service area. Revel introduced a new pricing structure — $1 to start plus $0.25 per minute (free first minute), $2 to start for two riders, and $0.10 per minute to pause — and offers a 40% discount for SNAP recipients and NYCHA residents. According to the company, it has raised equity and debt financing to support the rollout.
- Songtradr
Led · Series C · Aug 2020
Songtradr operates a music-licensing platform that connects songwriters and musicians with opportunities to place music in film, advertising, television, video games and apps. The company was founded by an Australian songwriter who transitioned into tech entrepreneurship. It is described in the reporting as US-based and focuses on helping musicians monetize their compositions through sync and licensing. Songtradr completed a marathon capital raising campaign that totaled more than $100 million. Its latest close was a US$70 million tranche (reported as $109 million) that was reached after an 18-month process. After the fundraising, the company is described as being worth $879 million. Songtradr is a music licensing marketplace that licenses music for advertising, films, TV, gaming and other uses for clients such as Disney, Netflix, Apple, Coca-Cola, Amazon and Google. The platform hosts songs from roughly 600,000 musicians, songwriters and rights holders. Over the past year the company has acquired multiple businesses, including MassiveMusic, Cuesongs, Song Zu, Pretzel and Tunefind. Headquartered in Los Angeles with offices in Europe and the Asia‑Pacific region, Songtradr says it will use new funding for further M&A, new product development and to grow global headcount. The company reported 100% year‑over‑year revenue growth for 2020. Songtradr is a cleared-for-licensing B2B music rights and licensing marketplace that connects a global community of artists, songwriters and music rights owners to corporate music users. Led by CEO Paul Wiltshire and based in Los Angeles, the company operates offices across Europe and APAC. The platform’s core product is a marketplace facilitating licensing transactions between creators and buyers such as brands, advertising agencies, streaming platforms, SVOD networks, film, TV and gaming companies. Songtradr connects 500,000+ artists, songwriters and rights owners. The company raised US$30M in a Series C that valued it at US$165M. It intends to use the funds to accelerate global expansion, product development and to fund key acquisitions. Songtradr is described as the largest music licensing platform in the world and operates a fully automated, open marketplace for music licensing. The platform connects artists to film, TV, brands and other media while enabling creators to control their content and rights and monetize music including distribution to major streaming platforms. Songtradr reports a catalog of over 400,000 artists and catalogs from 190+ countries and year-over-year revenue growth of over 400 percent. The company uses proprietary technologies to simplify licensing for music supervisors, brands, filmmakers and other creatives. Leadership emphasizes product development and growth, and the company says the recent financing will fund rapid global expansion and acquisition plans. The company is based in Santa Monica, Calif., and is led by founder and CEO Paul Wiltshire. Songtradr is a fully automated, worldwide music-licensing marketplace that connects music creators to tastemakers, brands, apps, TV and filmmakers. Led by founder and CEO Paul Wiltshire, the platform uses proprietary search and variable-license-pricing technology to enable easy licensing. Music creators retain control of their rights and are provided tools to monetize their music assets. The company hosts more than 140,000 artists and catalogs from 150+ countries. Songtradr raised a US$4M Series A and intends to use the funds for ongoing expansion; the round brings total capital raised to US$9M.
Team
Rodger Whitby
Chief Executive Officer
LinkedIn