# Redback Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/redback-technologies

- Industry: Renewable Energy
- Headquarters: Brisbane, Australia
- Website: www.redbacktech.com
- Total disclosed funding: $7M
- Latest round: Series A (Oct 12, 2017)
- Investors on record: 2

## About

Redback Technologies delivers innovative renewable energy solutions, specializing in energy management systems, solar inverters, and battery storage technologies that enhance energy consumption efficiency for users worldwide.Founded in 2015 and headquartered in Brisbane, Australia, Redback Technologies focuses on renewable energy solutions. The company raised AUD 9.000 mn in Series A funding on October 12, 2017, from Clean Energy Finance Corporation and Right Click Capital, marking a pivotal moment in its growth.Redback Technologies specializes in renewable energy solutions aimed at facilitating the global transition towards sustainable energy sources. The company’s core offerings include advanced energy management systems, solar inverters, and battery storage solutions designed to optimize energy consumption and enhance the efficiency of renewable energy systems. These products assist residential and commercial users in managing energy resources effectively, particularly in regions reliant on solar energy. Redback Technologies serves a diverse customer base, including homeowners, businesses, and energy providers, particularly in markets such as Australia, New Zealand, and select parts of Europe and North America. The company’s products are engineered to address challenges related to energy reliability, cost reduction, and carbon emissions, providing end users with innovative tools for energy independence and sustainability.Redback Technologies generates revenue through direct sales of its products and services, primarily targeting both residential and commercial markets. The business model incorporates direct-to-consumer sales as well as partnerships with energy retailers and wholesalers, enabling a streamlined distribution of their flagship energy management systems and battery storage solutions. Customers engage with the company through structured transactions that may include one-time purchases of products or ongoing service agreements for system monitoring and support. Pricing structures are designed to accommodate a range of client needs and project scopes, allowing flexibility for different market segments. The emphasis on system integration and tailored customer solutions enhances the value proposition and supports the company’s growth within the renewable energy sector.With the AUD 9.000 mn raised in Series A funding in October 2017, Redback Technologies aims to enhance its product line, focusing on new technologies in energy management systems and solar integration solutions. The company plans to expand its market presence into Europe and North America by 2025, leveraging recent investments to develop partnerships and distribution channels in these regions.

## Funding rounds

- Series A, Oct 12, 2017, $7M — Right Click Capital, CEFC

## Investors

- Right Click Capital (https://capitalatlas.ai/funds/right-click-capital) — Series A
- CEFC — Series A