Capital Raising

8 Star Energy

Enabling better access to renewable energy, when and were people need it

Enabling better access to renewable energy, when and were people need it

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INDUSTRY

Renewable Energy

RAISING

A$3.7M

OFFER PRICE

A$1.30

MINIMUM INVESTMENT

A$25,000

Investment Highlights Company Overview Transaction Overview Team News

Transaction Summary

8 Star Energy

  • Raising A$3.7M

  • Minimum Investment A$25,000


Investment Highlights


  • Australian renewable energy business with a global focus on delivering solar solutions using the best consumer battery brands in the world

  • Developed a complete solar ecosystem for domestic applications, including solar panels, inverters, home battery storage, portable power products and electric vehicle chargers

  • Sole licensee authorised to use the globally-recognised Energizer & Eveready brands

  • Signed distribution agreements with market leading partners in AU/NZ, Europe & the US, with c. AU$100M in purchase orders to be fulfilled & minimum volumes of A$600M over 3 years

Company Overview


  • Global Energy Storage Market Participant

    Industry Growing >20% CAGR

  • Experienced Investment Team

    Represented by experienced boutique private equity manager FinCap Australia

Vision

8 Star Energy’s objective is to capitalise on the growing global markets of Solar and Portable Energy through recognised branding (Energizer and Eveready) and strong distribution capabilities.

Targeting the untapped market potential retrofitting existing domestic solar installations with battery storage, plus the evolution of virtual power plants that require battery storage capability.

The company has identified and tested significant future revenue opportunities through expansion into licenced markets not currently serviced, and developing new product lines.

About

8 Star Energy is an Australian company founded in 2019 that secured the sole license rights to design, manufacture, sell and distribute a range of home and portable batteries, EV chargers, inverters and solar panels under the Energizer and Eveready brands.

The company can distribute globally in 59 countries across Australia, New Zealand, Europe, the United Kingdom and North America.

Achievements to date

  • Secured 20 year licence (10+10) to develop, market and sell renewable energy solutions using the Energizer and Eveready brands

  • Developed solar focused products selling into key markets globally with established distribution partners

  • Signed distribution arrangements with global partners c.$100m in purchase orders requiring fulfillment

  • MOQs from global trading partners of ~$600m over 3 years

  • North American market coming on board in 2023

  • Funding required to fulfill next stage of growth & immediate purchase orders

Transaction Overview


The minimum being raised is A$7M up to a maximum of A$10M

Raised to date from existing shareholders – circa A$4M

Looking to raise the balance plus cost of at least A$3.7M, with the Trustee retaining discretion to accept oversubscriptions.

Unit price of A$1.30

Minimum Investment A$25,000

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FinCap Australia, a boutique private markets investment manager, is pleased to present an opportunity to participate in a Series C capital raise for 8 Star Energy Pty Ltd.

8 Star Energy is an innovative and high-growth Australian business that secured the sole licence to produce and distribute home and portable batteries, EV chargers, inverters and solar panels under the Energizer and Eveready brands in 59 countries spanning Australia, New Zealand, Europe, the UK and North America.

After acquiring an initial equity position in the business from the founder and seed investors via a special-purpose investment vehicle, FinCap subsequently contributed further equity capital in August 2021.

8 Star Energy is now raising additional equity to support the delivery of a large volume of purchase orders from key European distributors (AU$100M+), prepare for its market entry into North America, and optimise its balance sheet.

Wholesale investors are invited to participate in the syndicated capital raise via the existing FinCap unit trust, which is seeking to increase its existing 13.5% ownership stake in 8 Star Energy.

Team


  • Management
  • Directors
  • Clark McKeon

    CEO

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  • Jason Storer

    CFO

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  • Vincenzo Marciana

    CTO

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  • Matthew Peters

    COO

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  • Julian Sweeney

    Founder & Managing Director

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  • Nick Sweeney

    Founder & Senior VP Sales

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  • Christian Ryan

    Non-Executive Director

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  • Steven Ivak

    Non-Executive Director

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  • Andrew Donaldson

    Non-Executive Director

News


  • May 2022

    Melbourne-based 8 Star Energy to shine in Europe
    Read more
  • April 2022

    Energizer Solar – European launch announcement
    Read more