# 5B Australia

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/5b-australia-pty

- Industry: Renewable Energy
- Headquarters: Mascot, Australia
- Website: www.5b.co
- Total disclosed funding: $38M
- Latest round: Series B (Dec 22, 2022)
- Investors on record: 4

## About

Based in New South Wales, Australia, and founded in 2013 by CEO Chris McGrath, and Eden Tehan, 5B Australia Pty Ltd, a.k.a. 5B is a clean technology company that designs, develops, commercializes, licenses, and deploys solar technology solutions. The company has its manufacturing and testing facility in Adelaide. In June 2022, 5B Australia Pty Ltd raised AUD 30 million in a Series B funding co-led by Artesian and AES Corporation.

The company provides 5B Maverick, a ground mount solar solution with each array comprising up to 90 solar panels used for commercial, industrial, off-grid, and large-scale solar power generation. As of June 2022, 5B has worked on multiple projects in Happy Valley, Colon, Port Bonython, Carosue Dam, Moomba Oilfields, Albury Landfill, and more.

5B Australia plans to use its proceeds from June 2022 funding to support its supply and delivery chain development and execution of its product and technology roadmap, market expansion, and unlock the full potential of its Maverick solar technology.

## Funding rounds

- Series B, Dec 22, 2022, $17M — AES Corporation, BP Ventures, Artesian
- Series B, Jun 17, 2022, $21M — AES Corporation, Artesian, Perpetual Nominees Limited

## Investors

- AES Corporation — Series B
- Artesian (https://capitalatlas.ai/funds/artesian) — Series B
- Perpetual Nominees Limited — Series B
- BP Ventures (https://capitalatlas.ai/funds/bp-ventures) — Series B