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Applied EV finalises $57.8m Series B round co-led by NRF and Barrenjoey. The funds will be used to restructure the company into 'AEV 2.0' and enhance software development for fleets of autonomous vehicles.
Amount Raised
A$57.8 Million
Round Type
Series B
MelbourneManufacturingBiotechnologySoftwareTransportationAutomotiveLogisticsInvestors
Description
Applied EV has successfully completed its Series B funding round, raising $57.8 million. Co-led by the National Reconstruction Fund and Barrenjoey, this round aims to restructure the company and enhance its software platform. The funding will also support hiring efforts and focus on customer deployment activities. The company plans an 'AEV 2.0' initiative to improve its logistics solutions.
Fundz sees it the moment Applied EV raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
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What this usually meansApplied EV raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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