Tritium Pty Ltd
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Tritium Pty Ltd - overview
Established
2001
Location
-, QLD, Australia
Primary Industry
Electronics
About
Based in Brisbane, Australia, and founded in 2001 by David Finn, Tritium Pty Ltd operates as a developer and manufacturer of proprietary hardware and software to create direct current (DC) fast chargers for electric vehicles (EVs). In May 2021, Decarbonization Plus Acquisition Corporation agreed to acquire Tritium Pty Ltd. As a result of the business combination, Tritium will become a publicly listed company on the NASDAQ, trading under the ticker symbol DCFC. The transaction is valued at AUD 520 million, at AUD 10 per share.
In September 2021, the company had a private placement of AUD 40 million by Cigna Investments, Inc. Tritium Pty Ltd offers a range of EV chargers, including RT50, RTM, RT175-S, 350kW high-powered chargers, and CAN ethernet bridges. RT50 is a robust, reliable, and compact 50kw DC fast charger that is used to charge EVs. RTM is a 75kW DC fast charger that provides modular power units.
RT175-S is 175kW DC fast charger used by fleet and heavy commercial industries for charging EVs. Tritium Pty Ltd plans to continue scaling its global operations, with Singapore the first stage of that expansion. In addition, the company plans to use the proceeds from the private placement to continue scaling its global operations, including sales, administrative support and production during its ongoing business combination with Decarbonization Plus Acquisition Corporation II.
Current Investors
Queensland Government Business Development Fund, G H Varley Pty Limited , StB Capital Partners
Primary Industry
Electronics
Sub Industries
Power Generation Equipment & Services, Automobiles, Other Vehicles & Parts, Energy Storage & Batteries, Electronics, Software
Website
www.tritium.com.au
Verticals
Clean Technology, Electric & Hybrid Vehicles, Manufacturing
Company Stage
Unspecified Round
Total Amount Raised
Subscriber access only
Tritium Pty Ltd - timeline of key events
Tritium Pty Ltd - financials
| Fiscal Year Ended | Jun 30, 2018 | Jun 30, 2019 | Jun 30, 2020 | Jun 30, 2021 | Jun 30, 2022 |
|---|---|---|---|---|---|
| Revenue (USD) | 33,847,143 | 55,903,661 | - | - | - |
| % Revenue Growth (YoY) | - | 65.2% | - | - | - |
| EBITDA (USD) | (11,683,959) | (38,292,114) | - | - | - |
| Operating Income (USD) | (12,538,728) | (43,188,269) | - | - | - |
| Operating Margin | (37.0%) | (77.3%) | - | - | - |
| % EBITDA Margin | (34.5%) | (68.5%) | - | - | - |
| NET Income (USD) | (12,742,699) | (43,654,339) | - | - | - |
| % Net Margin | (37.6%) | (78.1%) | - | - | - |
Tritium Pty Ltd - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private Debt | Completed | Tritium Pty Ltd | - |
Displaying 1 - 1 of 1
Tritium Pty Ltd - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.