About Redback Technologies
Redback Technologies is a company based in Brisbane (Australia) founded in 2015.. Redback Technologies has raised $15.55 million across 4 funding rounds from investors including Ausgrid, Clean Energy Finance Corporation and Right Click Capital. Redback Technologies offers products and services including Smart Inverters, Hybrid Battery System, Smart Load Control, and MyRedback App. Redback Technologies operates in a competitive market with competitors including Fluence, Northvolt, Verkor, Alsym Energy and Connected Energy, among others.
- Headquarter Brisbane, Australia
-
Sectors
Energy & Utilities
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$15.55 M (USD)
in 4 rounds
-
Latest Funding Round
$7 M (USD), Series A
Oct 12, 2017
-
Investors
Ausgrid
& 3 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Redback Technologies
Redback Technologies offers a comprehensive portfolio of products and services, including Smart Inverters, Hybrid Battery System, Smart Load Control, and MyRedback App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Devices that convert solar energy for home use.
Stores solar power for later household consumption.
Optimizes solar usage to reduce grid dependency.
App for tracking solar and battery performance data.
Unlock access to complete
Unlock access to complete
Funding Insights of Redback Technologies
Redback Technologies has successfully raised a total of $15.55M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $7 million completed in October 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $7.0M
-
First Round
First Round
(04 Oct 2016)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2017 | Amount | Series A - Redback Technologies | Valuation |
investors |
|
| Apr, 2017 | Amount | Grant - Redback Technologies | Valuation |
investors |
|
| Apr, 2017 | Amount | Series A - Redback Technologies | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Redback Technologies
Redback Technologies has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Ausgrid, Clean Energy Finance Corporation and Right Click Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Clean energy investments are facilitated by this Australian corporation.
|
Founded Year | Domain | Location | |
|
Tech focused VC firm investing in Australia
|
Founded Year | Domain | Location | |
|
A Queensland government-backed fund investing in the energy sector.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Redback Technologies
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Redback Technologies
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Redback Technologies Comparisons
Competitors of Redback Technologies
Redback Technologies operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Fluence, Northvolt, Verkor, Alsym Energy and Connected Energy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Energy storage systems are supplied for industrial renewable applications.
|
|
| domain | founded_year | HQ Location |
Lithium-ion batteries for electric vehicles are manufactured and optimized.
|
|
| domain | founded_year | HQ Location |
Lithium-ion batteries are manufactured for electric vehicles and storage.
|
|
| domain | founded_year | HQ Location |
Non-flammable battery solutions are provided for vehicles and storage systems.
|
|
| domain | founded_year | HQ Location |
Battery energy storage systems are supplied to various industries.
|
|
| domain | founded_year | HQ Location |
Lithium-based energy storage systems are manufactured for utilities.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Redback Technologies
Frequently Asked Questions about Redback Technologies
When was Redback Technologies founded?
Redback Technologies was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Redback Technologies located?
Redback Technologies is headquartered in Brisbane, Australia. It is registered at Brisbane, Queensland, Australia.
Is Redback Technologies a funded company?
Redback Technologies is a funded company, having raised a total of $15.55M across 4 funding rounds to date. The company's 1st funding round was a Grant of $540K, raised on Oct 04, 2016.
What does Redback Technologies do?
Developer of solar power packs for home. It manufactures smart hybrid systems of solar power packs which helps the user go completely off-grid and use in-house power for regular use. During day the battery pack is charged using solar and at night it is discharged for home use. The batteries can even be charged from the grid is required and power from the battery can even be dischargedsold to the grid.
Who are the top competitors of Redback Technologies?
What products or services does Redback Technologies offer?
Redback Technologies offers Smart Inverters, Hybrid Battery System, Smart Load Control, and MyRedback App.
Who are Redback Technologies's investors?
Redback Technologies has 4 investors. Key investors include Ausgrid, Clean Energy Finance Corporation, Right Click Capital, and Energy Queensland.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.