Congratulations to 30X30 scaleup JET Charge on their massive $72M raise announced today! This latest funding round was led by Paris-headquartered energy transition specialist Mirova, along with backing from existing shareholders the Clean Energy Finance Corporation, RACV and Kilara Capital. JET Charge will use the capital injection to support the next stage of the region’s transition to electric vehicles and accelerate the deployment of EV infrastructure at scale. Read the full story ⬇️ Tim Washington Ellen Liang #EV #EnergyTech #Investment
When we started JET Charge 12 years ago from a driveway in Melbourne we couldn't have imagined that we'd work with a group of people so great it would gain international attention. It's therefore with great excitment(!) that I'd like to share we have raised $72M, led by Mirova, an infrastructure investor with amazing pedigree. Not only do they share our commitment to the EV transition, they are backed by Natixis Investment Managers, one of the largest investment funds in the world. We're also lucky to gain continued support from our long term shareholders Clean Energy Finance Corporation (managed by Virescent Ventures), RACV and Kilara Capital. The proudest thing for me out of all of this is the fact that we, for perhaps the first time, presented our bold strategy to an organisation outside of JET Charge, and an international investor who, with the benefit of seeing perhaps every major EV charigng investment opportunity globally, decided to say "yep - we'll back you on this". With this equity injection, our aim is to take a "front and centre" position in getting our region past EV charging pilots to EV charging infrastructure at scale. We already operate in environments where electric mobility is the norm, and have seen first hand the incredible amount of technical, technological, operational and financial depth you need to truly manage a zero emissions automotive future. We're going to do this by continuing to invest in our people, our proprietary technologies and our globally leading business models (like expanding our Charging as a Service offering), so that more people and organisations can shift to electric vehicles with confidence. Massive thank you to everyone at JET Charge for pulling this off - an incredible feat of human endeavour, achieved by what is still a young company punching way above our weight, in a funding environment that is widely acknowledged as being challenging for everything other than AI. Thank you to our Chair Monique Conheady for all your valuable guidance, and to Neil Taylor, Ben Gust, Jonathon Cronin and Emma Jenkin for your support. Thank you to our advisors Mitch Turner and Peter Liu, CFA at UBS and my long term mentor Peter Stirling, as well as Genovieve Lajeunesse at King & Wood Mallesons for your tireless work, LONG LONG hours, and infinite wisdom. Thank you to Witold Marais, Nicolas Hayon, Stelyne P. and Jean-François Hay for your belief in us, and to Ben Sloman for helping us drive towards a common outcome, and to Ilona Hunnisett for working with us to the end. Perhaps selfishly, the most important and heartfelt thankful goes to my co-founder Ellen Liang, who was my rock throughout all of this, without whom this transaction, and our business, would not exist in the form it does today. Looking forward to a much needed break with family, and then to come FIRED UP in the new year!! https://lnkd.in/gf2YepNd
Co-founder and CEO at JET Charge
2wThanks guys! Let's shoot for that 2030 goal ;)