Growth StageEnergy
Magellan Power Raises A$15 Million Strategic Investment From Viburnin Funds
•February 20, 2026
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Why It Matters
The funding accelerates Australian‑made battery manufacturing, reducing import reliance and meeting surging demand for clean‑energy storage. It also signals strong investor confidence in the domestic energy‑storage ecosystem.
Key Takeaways
- •A$15M minority stake from Viburnum Funds.
- •Funding targets Karri home‑battery manufacturing.
- •Plans include 100 kW‑1 MW community battery production.
- •New 15,000 m² Perth headquarters under construction.
- •4R program repurposes used EV batteries.
Pulse Analysis
Australia’s residential and community‑scale battery market is entering a rapid growth phase, driven by federal incentives such as the Cheaper Home Batteries scheme and rising renewable‑energy penetration. Domestic players are under pressure to deliver locally‑made solutions that can withstand harsh conditions, a niche Magellan Power has cultivated since its 1991 inception as a UPS specialist. By expanding into both home‑battery and larger community storage, the company taps into a broadening demand curve that spans homeowners, micro‑grids, and commercial sites.
The A$15 million strategic investment from Viburnum Funds provides Magellan with the financial runway to scale its manufacturing footprint. The infusion will underwrite the launch of the Karri battery line at the Bibra Lake facility, while also supporting the development of modular 100 kW to 1 MW community units. Concurrently, the new 15,000‑square‑metre headquarters in Hope Valley consolidates R&D, production, and the 4R program, which focuses on repurposing end‑of‑life EV batteries—a critical step toward a circular battery economy and cost‑effective second‑life applications.
Beyond immediate capacity gains, the deal highlights a broader shift toward private‑equity confidence in Australia’s clean‑tech sector. With potential participation in the A$500 million Battery Breakthrough Initiative, Magellan is poised to compete with imported systems and attract further institutional capital. The combined manufacturing, recycling, and innovation agenda not only strengthens domestic supply chains but also positions Australia as a regional hub for sustainable energy‑storage solutions.
Deal Summary
Perth‑based energy storage specialist Magellan Power announced a strategic investment from Viburnum Funds, which took a minority stake worth A$15 million. The funding will support Magellan’s expansion, including local manufacturing of its Karri home‑battery and community‑scale storage systems. The deal was reported earlier this week and is the company’s first private‑equity investment.
Article
Source: RenewEconomy
Magellan Power secures first private‑equity investment
Perth‑based energy storage and off‑grid energy system specialist Magellan Power has secured its first private‑equity investor, with Viburnum Funds taking a minority stake in the company that last year made its debut in the booming Australian home‑battery market.
The “strategic investment” was announced earlier this week and has been reported in WA media at A$15 million – the same amount Magellan last year said it was seeking to fund “a significant expansion” of its operations, including the manufacture of battery systems at its Bibra Lake facility.
Magellan, which was founded by Masoud Abshar in 1991, originally specialised in the design and supply of uninterruptible power‑supply (UPS) systems designed “to suit harsh Australian operating conditions.” The company has since broadened its focus to take in energy storage, including the local manufacture and recycling of mostly commercial, industrial and community‑scale, or stand‑alone, battery energy storage systems.
The May launch of its first residential energy‑storage offering, Karri, was neatly timed to ride the wave of the federal government’s Cheaper Home Batteries scheme, which launched last July 01.
Magellan is currently gearing up to manufacture the Karri battery locally and also aims to start production of community batteries – modular energy‑storage systems that range between 100 kW and 1 MW. The company is also establishing a new 15,000‑square‑metre headquarters at Trident Estate, Hope Valley, in Perth, which began construction last year.
“This expansion is about Karri, it’s about community batteries and it’s about our 4R program — battery repair, refurbishment, repurposing, and recycling,” Abshar told Renew Economy in an interview about the company’s fundraising plans, last July.
In a joint statement on Wednesday, Magellan and Viburnum said the investment would accelerate Magellan’s ability to scale Australian‑made batteries and industrial uninterruptible power systems.
“This investment marks an exciting new chapter in our journey,” said Abshar.
“With Viburnum’s support and the guidance from PKF Perth, we are exceptionally well positioned to scale our manufacturing footprint, advance our technology pipeline, and meet the rapidly rising demand for Australian‑made power electronics.”
In a LinkedIn post, Viburnum Funds said this was its first investment from its latest fund, Viburnum Private III – a fund backed by US and Australian institutional and wholesale investors that is currently open for subscriptions.
Magellan is also a contender for a share in the A$500 million Battery Breakthrough Initiative, which was officially launched for applications in August of last year.
The company’s 4R project has four post‑doctorates working on the “very complex” stream of battery repurposing, which initially will focus on used EV batteries.
“It’s very complex. You have to find out exactly what the state of charge and the state of safety of the used EV batteries are… so that we can decide what application it would go to, for a second life,” Abshar told Renew Economy last year.
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