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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
Energy, CleanTech, Solar, Renewable Energy
2013
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.
Funding Rounds
4
1
0
$57.1M
Details
3
5B Australia has raised a total of $57.1M in funding over 3 rounds.
Announcement date | Transaction name | Number of Investors | Money raised | Lead Investor |
---|---|---|---|---|
2020 | Early Stage Venture | 8.6M | ||
2022 | Early Stage Venture | 21.6M | ||
2022 | Early Stage Venture | 16.8M |
Investors
5B Australia is funded by 12 investors.
Investor Name | Lead Investor | Funding Round | Partners |
---|---|---|---|
BP Ventures | - | FUNDING ROUND - BP Ventures | 16.8M |
Darren Miller | - | FUNDING ROUND - Darren Miller | 10.1M |
5B Australia | - | FUNDING ROUND - 5B Australia | 10.1M |
Australian Renewable Energy Agency | - | FUNDING ROUND - Australian Renewable Energy Agency | 10.1M |
Recent Activity
News
Jun 10, 2024
Fast Company - These fold-up solar panels can cover a field in a single day
News
Feb 29, 2024
RenewEconomy - Australian solar innovator 5B lands biggest Maverick order, to be made in new India factory
News
Apr 16, 2023
5b.co - 5B appointed by Zenith Energy for 16MWp solar power project in Western Australia
Funding Round
Dec 15, 2022
5B Australia raised $16764369 on 2022-12-15 in Series B
Funding Round
Jun 03, 2022
5B Australia raised $21622105 on 2022-06-03 in Series B
Funding Round
Jan 18, 2022
5B Australia raised $10062148 on 2022-01-18 in Grant