Led · Series A · Jun 2026

MAKO develops Flightfilm, a shark-skin-inspired surface technology intended to reduce skin-friction drag on aircraft and thereby lower fuel burn and emissions. The company was previously known as MicroTau and is based in Australia. Its immediate plans following the Series A are to pursue certification, scale production and roll out Flightfilm commercially for in-service aircraft. MAKO raised AU$28 million (about US$20 million) in the Series A led by Virescent Ventures to fund those efforts. The article did not disclose revenue, user numbers, or other operating metrics. No further details on product deployment timelines or prior funding were provided.

Participated · Equity · Dec 2025

Founded in Melbourne in 2013 by RMIT Professor Alan Wong and Kokwai Leu, IND Technology builds Early Fault Detection (EFD) systems that use pole-mounted sensors to capture radio-frequency signals from stressed or failing electricity-grid components. The data are analysed in real time, allowing utilities to locate anomalies to within 10 metres and address them before they spark outages or bushfires. The company has sold roughly 15,000 EFD units across six countries and claims the technology has already prevented more than 500 fire events globally. Customers include AusNet Services, Powercor, Western Power and Endeavour Energy, and the firm now maintains operations in the United States, Canada and Malaysia. With the latest capital, IND plans to expand its machine-learning engineering team, enhance the EFD platform’s analytics capabilities and scale delivery, field support and deployments worldwide. Earlier in the year the company sought up to $60 million at an estimated valuation of $200-300 million, reflecting strong investor interest. By automating grid monitoring, IND aims to improve reliability, cut maintenance costs and reduce the social and economic impacts of electrical faults.

Participated · Equity · Sep 2025

Founded in 2017 by Dan Adams and Chris Thompson, Melbourne-based Amber Electric positions itself as Australia’s largest provider of residential solar and battery automation. The company supplies customers with real-time wholesale electricity prices and software that intelligently charges home batteries and electric vehicles when grid power is cheapest or most renewable. Amber claims to control more than 40 % of Australia’s solar-and-battery automation market and has captured a significant share of households installing batteries through the federal rebate scheme. Its platform is already being piloted by major utilities, including a 1,000-home trial with E.ON in the UK. Management says the technology allows households to lower bills while helping balance the grid and accelerate the energy transition. Amber’s growth strategy now centers on licensing its platform to international utilities, using fresh capital to “super-charge” global expansion.

Led · Series A · Aug 2025

National Renewable Network (NRN) builds the infrastructure layer that aggregates household rooftop solar and battery systems into centrally managed Virtual Power Plants (VPPs). NRN's platform enables energy retailers to offer white‑label VPP plans with no upfront costs, repayments, or maintenance fees while NRN manages assets independently to avoid retailer asset‑ownership conflicts. The company collects customer energy data to benchmark savings against partner retailer rates and reports that around 80% of customers' energy comes from the behind‑the‑meter solar and battery system. Key technical steps for reliability include installing two 4G modems for redundancy at each site and partnering with quality solar installers for national rollout and maintenance. NRN plans to use recent funding to add 40 megawatt hours of battery storage over the next year and to expand internationally. Financially, NRN completed a $67.2 million Series A (equity and debt) and previously raised $10 million in April last year; investors view the model as a clear pathway to address grid stability challenges. National Renewable Network (NRN) installs residential solar panels and battery storage with an offering that removes upfront costs for homeowners. The company was launched in 2021 by Alan Hunter, cofounder of Splend, who serves as CEO. NRN says its model aligns with the objectives of energy retailers and consumers and aims to provide scalable distributed generation and storage. The startup plans to spend $100 million on renewables generation and storage for 15,000 homes by the end of 2026, and aims to deliver systems to 250,000 homes by 2030 and more than two million homes globally by 2040. NRN operates in Australia and is positioning to scale across the market there. Management is preparing for a larger Series A later this year to extend its rollout. National Renewable Network (NRN) is a Sydney-founded startup (2021) that supplies fully installed solar and battery systems through a B2B platform that removes large upfront costs. The company equips both owned and rented homes and offers four active energy plans, including a partnership with Diamond Energy. NRN aims to provide low-cost solar and battery setups to 250,000 Australian homes by 2030 and plans to spend $100 million to install systems in 15,000 homes over the next three years. Its model routes installations and payments through partner energy retailers so customers avoid complex financing and upfront capital. NRN says average customers save between $750 and $900 annually and that the $10 million facility will enable deployment of more than 600 systems in the coming months. The company projects current customers will save more than $6 million over the next decade as a result of the installations.

Participated · Equity · May 2024

Relectrify engineers CellSwitch™, a cell-level control electronics and software platform that manages individual battery cells to extract more energy and extend operational life by up to 30 percent. The technology can eliminate conventional inverters, lowering CAPEX and reducing failure and safety risks. Relectrify has completed industrial-scale rollouts and works with global customers, partners and battery manufacturers. Its IP is protected by over 30 granted and pending patents across the US, Canada, Europe, South Korea, China and Japan. The company is headquartered in Melbourne, Australia, and the new funding is intended to scale the CellSwitch technology into international battery storage markets. Clean Energy Finance Corporation has been a notable investor, with total commitments reported in the article. Relectrify has developed a cell-level battery management system that can produce a high-efficiency AC output directly from the battery pack, replacing a separate inverter. Its BMS+Inverter architecture reportedly extends battery lifetime by up to 30% while reducing electronics cost by around 30%. The solution supports new and second-life Li-ion and alternative chemistry batteries and has been demonstrated with customers including American Electric Power, Nissan North America and Counties Energy. The company commercialises both embedded implementations with BESS manufacturers and circular-economy second-life systems such as the ReVolve™, a 120 kWh / 36 kW BESS using repurposed Nissan Leaf cells. Relectrify is expanding its commercialisation team and forming partnerships in the US, EU and Asia while continuing R&D to extend its cell-based control technology. The company reports an increasing pipeline of commercial projects and multi-MWh rollouts of ReVolve™ systems. Relectrify builds battery and inverter systems that reuse second‑life electric vehicle battery packs, combining hardware and software in an advanced BMS+Inverter battery control technology. The company is launching a 36 kW / 120 kWh commercial-scale modular battery product roughly ten times the size of a Tesla Powerwall 2. Its technology, developed with ARENA support in 2018, is designed to boost battery lifetime and performance while reducing system costs. Relectrify is executing a $3.3 million project to finalise development, undertake certifications and roll out 20 battery units across commercial and industrial customer applications in Australia. The company will offer units to selected utilities, industry and community customers, both grid-connected and off-grid, for applications including solar integration, backup power for farms and microgrids, deferring network upgrades, and replacing diesel generators. ARENA has provided $1.49 million in funding from the Australian Government to advance the project. Relectrify develops technology to repurpose used electric-vehicle (EV) batteries for behind-the-meter household energy storage. Its system combines power-electronics hardware with battery-optimisation software to reduce repurposing costs while boosting performance and extending battery lifetime. The company notes that up to 80% of an EV battery’s storage capability can remain after it is no longer suitable for driving, and many cells can be charged and discharged a further 2,000 times. Relectrify plans to expand production and conduct commercial trials of second-life batteries with the aim of becoming a global leader. Financially, it secured a $750,000 early-stage equity investment from the Clean Energy Innovation Fund as part of a $1.5 million pre-Series A equity raise. Co-founded by Daniel Crowley and Valentin Muenzel in 2015, the Melbourne-based company is an alumnus of the University of Melbourne’s Melbourne Accelerator.