EVOS seeks $10 million to boost EV charger manufacture

Electric vehicle charger manufacturer and fleet management specialist EVOS Energy is seeking an additional $6 million from investors, having already completed a $4 million raise from existing investors. The latest $10 million funding round, once completed, will fuel growth in the company’s sales and marketing teams selling their locally designed and manufactured EV chargers. The…

Samsara Eco raises $100m to recycle plastics

Plastic recycling startup Samsara Eco has raised $100 million in its latest funding round. Led by global investment company, Temasek and Australian deep tech investment fund, Main Sequence, funds also came from Wollemi Capital, lululemon, Hitachi Ventures, Titanium Ventures (formerly Telstra Ventures) and DCVC. The capital will help Samsara Eco scale its enzymatic recycling capabilities,…

Diraq raises further US$7m, bringing total capital raise to US$22m

Quantum computing processor developer Diraq has announced an additional $7 million USD in Series A funding, bringing the total round funding raised to $22 million. The company attracted further investment from strategic investors including Main Sequence, Taronga Ventures, Uniseed and UniSuper, Co:Act Capital as funding from foundation shareholder and research partner, UNSW, Sydney. Diraq’s Series…

Latrobe Magnesium to raise $18m to progress magnesium production

Latrobe Magnesium has received firm commitments to raise $12.0 million from new and existing institutional and professional investors via an institutional placement and has announced plans for an entitlement offer to shareholders to raise another $6 million. The company, which recently produced what it called the world’s first environmentally sustainable magnesium oxide (MgO) from fly…

Manufacturing news briefs — stories you might have missed

Cyclopharm raises $20 million, seeks another $2 million Radiopharmaceutical imaging company Cyclopharm has successfully completed its institutional placement, raising $20 million before costs. The Placement attracted strong demand from both existing shareholders and from new institutional and sophisticated investors in Australia, Hong Kong, and the UK. A share purchase plan to raise up to $2.0…