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    Home»Startups»Electric trucking startup raises $5 million
    Startups

    Electric trucking startup raises $5 million

    Editor Times FeaturedBy Editor Times FeaturedJune 15, 2026No Comments3 Mins Read
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    One firm’s plans to affect heavy-duty transport will speed up and increase to extra cities after a multimillion-dollar funding.

    Twenty electrical prime movers will hit Australian roads quicker than anticipated after a first-of-its-kind venture secured a $5 million enhance.

    New Vitality Transport on Monday revealed it might deploy a heavy-duty electrical truck fleet months sooner than deliberate following the funding, which might additionally fund cellular charging stations. 

    The models, initially based mostly in a depot close to the fringes of Sydney, could possibly be moved in future to increase the fleets’ attain, probably permitting them to service agricultural hubs in different NSW cities.

    The announcement comes after diesel costs rose following battle within the Center East, pushing up transport prices, and as they’re anticipated to rise once more when the gasoline excise low cost ends on June 30.

    The $5 million funding, backed by enterprise capital agency Jekara Group, will assist the start-up put its heavy-duty electrical truck fleet into operation later in 2026 reasonably than in mid-2027. 

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    Requires low-emission transport choices have spiked in latest months, New Vitality Transport co-chief govt Daniel Bleakley stated, and the fairness enhance would let the corporate meet them forward of schedule. 

    ”We’ve seen a surge in demand from a few of Australia’s largest transport consumers and this backing means we will meet that demand by offering dependable electrical highway freight in Australia earlier than the tip of the yr,” he stated. 

    A NET electrical truck. Picture: Equipped

    Sydney base

    Whereas the corporate is constructing a high-powered charging hub in Wilton, south-west of Sydney, the funding would fund an extra six ultra-fast charging models that could possibly be positioned alongside freight corridors and linked shortly. 

    ”The modular and cellular charging models we’ve chosen aren’t fastened to the bottom – they sit on a body, plug into the grid and are prepared for business operation inside weeks,” Mr Bleakley stated. 

    ”This technological answer means the charging models might be redeployed to new places sooner or later to allow (the corporate) to service new corridors, together with into regional and rural Australia.”

    The cellular charging models may lengthen the vans’ vary to service agricultural meals bowls in Yass, Wagga Wagga and Griffith, he stated.

    The corporate additionally plans to construct fixed-charging depots to increase the electrical prime movers’ attain to Adelaide, Melbourne and Brisbane by 2031. 

    Charging infrastructure had change into the primary bottleneck for low-emissions freight however extra corporations had been motivated to handle it, New Vitality Transport co-chief govt Fredrik Pehrsson stated.

    Electrical heavy automobiles had been named as a precedence by the Australian Renewable Vitality Company in 2025, though the Electrical Car Council just lately known as for coverage modifications to spice up their adoption. 

    AAP



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