Australian Government Invests In EV Fast Charger Veefil To Accelerate International Expansion

JUN 30 2016 BY MARK KANE 6

Tritium Veefil fast charger

Tritium Veefil fast charger

Tritium Veefil fast charger in Brisbane

Tritium Veefil fast charger in Brisbane

Australian DC fast charging manufacturer Tritium has announced a $2.5 million ($1.85 million USD) boost from the Queensland Government’s Business Development Fund (BDF).

Today, Tritium’s Veefil fast chargers are the only electric car chargers actually produced in Australia, and are sold in Asia Pacific, North America and Europe.

Tritium intends to accelerate growth in international markets, as well as increase customer support and services.

“Queensland Treasurer, Curtis Pitt today announced a Queensland Government $2.5m investment in Brisbane-based technology developer and manufacturer Tritium – the first company to receive investment under a new Business Development Fund (BDF) scheme established to encourage innovative businesses.  The BDF investment has been matched by an additional $2.5m raised from private investors and will help accelerate international growth of the company’s award-winning Veefil® – a fast charger for electric vehicles, which since its launch in 2013 has been recognised as the most technologically advanced in the market and is already operational in the US, Europe and Asia Pac.”

David Finn, Tritium’s Managing Director said:

“Having the Government invest in our company demonstrates confidence in our advanced technology and the company’s international expansion plans. We can now accelerate our programme to increase capacity and develop better services and support to our customers around the world.  Tritium is the only Australian company to design and manufacture EV charging stations and our Veefil® units are now installed globally on major charging networks and fast-charging highways. We are delighted the Government has recognised the market potential for our products and services.”

Curtis Pitt explained the decision to award Tritium the maximum investment available:

“This home-grown company is the first to receive funding from the Business Development Fund and it’s exactly the type of innovative business that the BDF is looking to invest in. The investment will help this world-leading Queensland business bring its innovative tech products onto the market sooner.”

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6 Comments on "Australian Government Invests In EV Fast Charger Veefil To Accelerate International Expansion"

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What Australia needs is an EV incentive program.

It sure does. I read elsewhere that of the hundreds/thousands of chargers they have built, only 5-6 have been deployed within Australia. We have very low EV update due to the lack of incentives.

Federal election tomorrow… here’s hoping.

In my opinion what we need is change to the vehicle import rules to stop manufacturers being able to control the import of vehicles and a fleet emissions standard similar to the EU to force automakers to take action. Right now with the way the laws stand if we add a subsidy (in what ever form) all we will do is increase how much an EV is sold for, if we increase tax on ICE cars all that will happen is that cost will be passed onto the consumer. Neither option will result in the automakers doing anything to change the vehicle mix on offer. All Australia is to the auto industry is a place where it can dump cars that they can’t sell anywhere else in the developed world.

I can’t see any of the current politicians understanding this issue deeply enough to make any sensible policy decisions. Even if they did understand it they wouldn’t have the ability to explain the issue to the general public in a way that lead to them being able to retain their seat at the next election.

It’s not readily apparent in this write up by Inside EVs, but Trituim is developing a 150 kW fast charger as can be seen in this quote:

Tritium managing director, David Finn, says the investment will be used to produce a higher power Veefil charging unit, that can give EVs as much as 150km of range per 10 minutes of charge; as well as a lower power unit, that could be installed at homes or workplaces.

http://reneweconomy.com.au/2016/tritium-wins-2-5m-qld-govt-82641

ChargeNet in New Zealand are using these chargers and now have about twenty up and running with more on the way.