Tritium, a Brisbane, Australia-based EV charging infrastructure specialist, raised AUD$10m in funding.
Queensland entrepreneur Brian Flannery was the single investor in the round, which follows an AUD$5m equity raise in March 2017 and a AUD$2.5m investment from the Queensland Government’s recently-launched Business Development Fund.
The company intends to use the funds to facilitate global expansion and three new product launches including
– Veefil-PK: an ultra-fast, high powered charger up to 475kW
– Veefil-WP: a DC charger for work places, fleets and high-density living
– Veefil-ME: an innovative 12kW Bi-directional DC home charger
Led by David Finn, CEO, Tritium is a technology driven developer of infrastructure solutions for the electric vehicle (EV) market. It is the designer and manufacturer of EV fast chargers and its range of chargers currently operational across 22 countries.