article-article-body
Renewable energy startup RayGen Resources has announced $51 million in Series D, led by SLB and Breakthrough Victoria. This investment is part of the state’s initiative to transition towards more renewable energy sources, aiming to reduce reliance on fossil fuels.
The funding is expected to bolster RayGen’s manufacturing and engineering capabilities in Victoria and assist its expansion efforts both domestically and internationally.
Breakthrough Victoria and SLB join a list of RayGen’s existing strategic investors such as Equinor Ventures, AGL Energy, Photon Energy Group, Chevron Technology Ventures, and the Australian Renewable Energy Agency (ARENA), who have supported the company’s growth in previous funding rounds.
Handpicked for you
Report: Unyoked finds that time in nature improves creative output
A new report from brand consultancy Interbrand and nature-focused startup Unyoked finds that employee wellbeing and creativity spikes after time in nature.
Five ANZ startups that raised $21.2 million this week
An energy storage solution, a carbon accounting platform and technology that turns agricultural waste into activated carbon, are among the local startups to raise significant funding this week.
COMMENTS
SmartCompany is committed to hosting lively discussions. Help us keep the conversation useful, interesting and welcoming. We aim to publish comments quickly in the interest of promoting robust conversation, but we’re a small team and we deploy filters to protect against legal risk. Occasionally your comment may be held up while it is being reviewed, but we’re working as fast as we can to keep the conversation rolling.
The SmartCompany comment section is members-only content. Please subscribe to leave a comment.
The SmartCompany comment section is members-only content. Please login to leave a comment.