Electrolyser manufacturer Hysata closes $42.5 million Series A round

Hydrogen technology company Hysata has announced completion of an oversubscribed $42.5 million Series A round, which it says will be used to expand its team and build a pilot production facility for its novel electrolysers. Participants in the round included The Clean Energy Finance Corporation (through Virescent Ventures), IP Group Australia, Hostplus, Denmark’s Vestas Ventures,…

Lyro Robotics capital raise to fund 20 robots

Robotics developer Lyro Robotics will fund the manufacture of 20 of its robots that are optimised for handling delicate produce, replacing repetitive, labour intensive tasks. The Brisbane company has raised $1.5 million in early stage funding to increase production of its robot systems which neatly integrate computer vision, machine learning and robotic grasping algorithms. The…