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Brisbane battery casing startup with ‘tremendous potential’ lands support from ReNu


ASX-listed business ReNu Energy just recently finished the very first $250,000 tranche of its financial investment in start-up, Vaulta. To be performed in phases throughout the year, ReNu’s financial investment might ultimately amount to $1 million, which would see it command a 20% stake in Vaulta.

Vaulta was established in 2019 by Dominic Spooner, whose motivation for the business originated from disappointment over the trouble recycling lithium-ion battery parts and bad recycling practices.

Responding to the alarming requirement for circular styles in brand-new energy innovations, Vaulta has actually patented structured, no-weld battery housings. Its styles include less parts and are optimised for ease of both assembly and disassembly, vital for cell replacement, reuse and recycling.

Vaulta’s states its trademarked battery housing includes less parts, less waste, is 10-15% lighter and smaller sized, has a scalable and versatile style and decreases advancement time expenses.

Image: Vaulta

While excellent focus has actually been placed on enhancing battery innovations, Spooner informed The Guardian in 2015 that how batteries are in fact housed tends to be ignored.

” Batteries will alter our lives in manner ins which we’re possibly not even absolutely familiar with, however … we can develop our own brand-new group of issues if we’re not mindful,” Spooner stated.

” With 3,300 tonnes of lithium-ion battery waste each year in Australia (approximated to increase by 20% every year) and 2 million tonnes forecasted internationally by 2030, an innovation service was required to decrease the production of battery waste,” he included.

Running out of a Brisbane garage, Vaulta has actually seen some significant successes given that releasing, signing collaboration offers, providing United States and European consumers, getting $297,500 to commercialise its innovation from a federal grant and producing earnings in FY2022.

” ReNu Energy’s financial investment will allow us to scale our production ability and target additional sales locally and into the APAC and The United States and Canada markets,” Spooner stated.

ReNu Energy CEO Greg Watson explained Vaulta as having “remarkable capacity.”

” This financial investment chance is just one we might not disregard,” ReNu Energy Chairman Boyd White included.

Vaulta’s battery casing service serves a “large addressable market,” White stated, keeping in mind the innovation “works anywhere batteries do– from fixed storage and electrical lorries to defence, aerospace, wearable batteries and beyond.”

ReNu’s financial investment, its 5th such play in Australia, will be moneyed from existing money reserves, according to the business. When $500,000 has actually been invested as part of the 2nd tranche due by April 13, ReNu will be entitled to choose a non-executive director to Vaulta’s board.

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