5B Australia

5B Australia

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Overview

Since 5B’s inception in 2013 by solar engineers Chris McGrath and Eden Tehan, the company has been on a mission to transform the solar energy landscape. Proudly hailing from Australia, 5B specialises in the rapid expansion of large-scale solar deployment with the company’s innovative prefabricated, pre-wired ground mount technology.

Initially working on some of Australia's earliest large-scale solar projects, McGrath and Tehan envisioned a departure from conventional methods, reimagining the very basis of solar farm design and construction. This gave rise to 5B’s flagship technology: the 5B Maverick, an accordion-style prefabricated solar array that can be quickly deployed by a small crew. Representing a paradigm shift in the traditional deployment and construction of solar projects, 5B Maverick offers speed, efficiency, and reliability.

At the core of 5B’s ethos lies prefabrication, a philosophy aimed at streamlining processes by shifting tasks from the unpredictable field environment to a controlled factory setting. This approach not only improves efficiency but also mitigates risks associated with on-site construction, ensuring superior quality control and reducing the likelihood of issues such as faulty connections and dead modules.

Fuelled by a commitment to innovation, 5B is shaping the future of energy. By reengineering the solar supply chain from the ground up, the company is making clean energy more accessible and competitive than ever before, catalysing a global transition towards sustainable power solutions with over 140 project sites worldwide.

The company's name, 5B, is a reference to the almost infinite amount of energy potential in the 5 billion years of sunshine the earth has left. The name serves to urge stakeholders to contemplate how this boundless resource can be harnessed most effectively.

As 5B continues to expand its network of partners and deploy projects across the globe, the technology manufacturer remains steadfast in its commitment to being the safest, fastest, and most cost-effective solar array technology available to customers worldwide.

About

Industries

Energy, CleanTech, Solar, Renewable Energy

Founded

2013

Employees

101-250

Headquarters locations

Mascot, New South Wales, Australia, Oceania

Social

Profile Resume

5B Australia headquartered in New South Wales, Australia, Oceania, operates in the Energy, CleanTech, Solar, Renewable Energy sector. The company focuses on Energy and has secured $3.7B in funding across 64 round(s). With a team of 101-250 employees, 5B Australia is actively contributing to advancements in Energy. Their latest funding round, Grant - 5B Australia, raised $10.1M. Discover more about their projects, partnerships, and impact on our platform.

Employees

imagePlace Brett Freeman

Brett Freeman

Chief Commercial Officer

imagePlace Eden Tehan

Eden Tehan

GM International

imagePlace Chris McGrath

Chris McGrath

Co-founder, CEO

Funding Rounds

Funding rounds

4

Investors

1

Lead Investors

0

Total Funding Amount

$57.1M

Details

3

5B Australia has raised a total of $57.1M in funding over 3 rounds.

Announcement dateTransaction nameNumber of InvestorsMoney raisedLead Investor
2020Early Stage Venture8.6M
2022Early Stage Venture21.6M
2022Early Stage Venture16.8M

Investors

5B Australia is funded by 12 investors.

Investor NameLead InvestorFunding RoundPartners
BP Ventures-FUNDING ROUND - BP Ventures16.8M
Darren Miller-FUNDING ROUND - Darren Miller10.1M
5B Australia-FUNDING ROUND - 5B Australia10.1M
Australian Renewable Energy Agency-FUNDING ROUND - Australian Renewable Energy Agency10.1M