Clayton Franklin with the team at Electric Power Conversions Australia and their electrified Cat 777 100-tonne haul truck.
Supercharge Australia welcomes 12 startups who have accepted our second annual Innovation Challenge—Retrofit Nation!
Beginning in August, we sought startups with solutions to convert half of Australia’s vehicle fleet into electric vehicles (EVs), or 10 million vehicles. To achieve this, they will need to find ways to deploy up to 1.3TWh of batteries that would be required to reach this goal.
Applicants this year will benefit from technical support, networking, mentoring, wide exposure, and introductions to investors and customers in an industry roundtable to accelerate their success.
Delivered over two months with most sessions online, startups will receive advice from international and domestic experts in finance, IP, and business growth, and pitching the opportunity to investors. This will culminate in the second Supercharge Australia Innovation Challenge Awards event, in Sydney on November 7. Participants in the inaugural Supercharge Australia Innovation Challenge in 2023 raised over AU$48 million in funding after the first Challenge.
Participating startups join a virtual call with the team behind Supercharge Australia Innovation Challenger 2: Retrofit Nation.
“This is the first innovation challenge of its type in Australia to focus on mass EV retrofitting vehicles. With the incredible increase in battery demand this would generate, we aim to change the conversation on the viability of battery and cell manufacturing in Australia, taking advantage of our huge competitive advantage in the lithium battery supply chain,” said Kirk McDonald, Project Manager for Supercharge Australia.
“Not only would retrofitting half the Australian vehicle fleet to electric vehicles rapidly reduce emissions from transport, it would also support a big capacity uplift in our startup innovation ecosystem and clean energy advanced manufacturing,” said Megan Fisher, CEO of EnergyLab.
The Challenge aims to rapidly decarbonise Australia’s transport sector, which in 2022 contributed to 19% of Australia’s emissions; with trucks, buses, and light commercial vehicles accounting for about 40% of the total transport figure. The potential CO2 savings are critically important, and vehicle acquisition cost savings of up to 50% per vehicle in comparison to new purchases have been identified in overseas markets.
Get to know each participating startup’s business model and hear from their founders below (click dropdowns for full descriptions):
