Project Summary (Excerpt)
The investment supports the commercial deployment and scaling of battery-electric heavy mining equipment retrofits. Capital will be used to accelerate the transition from successful prototype development to revenue-generating fleet deployment, enabling the delivery of low-emission mining equipment that reduces operating costs, diesel consumption, and greenhouse gas emissions. The funding forms part of a broader capital strategy combining private investment, customer contracts, grant funding, and project finance.
Project Description
The project involves the conversion and deployment of large-scale mining equipment from diesel to battery-electric operation using proprietary electrification technology. Funding supports engineering, manufacturing, testing, commissioning, and commercial deployment of an electric 100-ton dump truck and an electric 50-ton wheel loader, as well as the development of associated charging and energy infrastructure where required. The project builds on proven engineering work and existing customer demand for lower-cost, lower-emission mining equipment solutions.
Investment Opportunity Details
The opportunity provides exposure to the rapidly growing mining decarbonisation market through a business that has demonstrated technical capability, secured customer engagement, established strategic partnerships, and attracted significant competitive grant funding. Investment proceeds are directed toward commercial asset deployment and revenue generation rather than early-stage research, creating a pathway toward scalable recurring income from equipment leasing, fleet services, and future conversion projects.
निवेशक जानकारी
वित्तीय जानकारी
अपेक्षित निवेश: $5,000,000
प्रयुक्त प्रौद्योगिकी:
Two machines will be electrified: a 100-ton CAT777 Dump Truck and a 50-ton CAT988 Wheel Loader.
They will be dry-hired to a WA miner under a standard contractor agreement at an agreed hourly rate.
परियोजना की जानकारी
परियोजना की मुख्य विशेषताएं:
The opportunity provides exposure to the rapidly growing mining decarbonisation market through a business that has demonstrated technical capability, secured customer engagement, established strategic partnerships, and attracted significant competitive grant funding. Investment proceeds are directed toward commercial asset deployment and revenue generation rather than early-stage research, creating a pathway toward scalable recurring income from equipment leasing, fleet services, and future conversion projects.
परियोजना समय:
अपेक्षित आरंभ तिथि:
26 August, 2026
अपेक्षित समाप्ति तिथि:
25 August, 2027
फंडिंग राउंड समाप्ति तिथि:
25 December, 2026
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