Sprint is proud to announce its investment in Radian Energy, an Australian electricity retailer bringing to market a range of innovative products that will help Australians save money and access renewable energy.
Radian Energy started in a hot and dusty carpark following a meeting the two founders with a large school in a low socio-economic suburb of Brisbane. They realised that the school was paying more per kWh than the houses across the road, and that those extra costs meant it wasn’t able to hire additional teachers, buy new books, install air conditioners or solar panels. It was there they set their goal: to design a business that offered Australians – schools, businesses, households – the opportunity to access affordable, renewable electricity and to improve their long-term energy security.
“At Sprint we invest in the truly great companies with globally focussed founders. It’s exciting to be able to invest in the future of energy and Radian have a great value proposition and market opportunity combined with technology and automation improvements that we think will really transform the energy industry.”
Llew Jury – Managing Director, Sprint
“We’re excited to be launching and scaling in Australia now. Everyone in Australia needs to be able to access electricity, and most want it to be renewable. COVID-19 is leading to a substantial rise in household electricity costs at the same time many household are seeing their budgets decrease. Our products are meeting a need that no other electricity retailer is.”
David Ireland – Cofounder, Radian
Radian continues to grow and deliver on its promise of making electricity more affordable, more renewable, and more secure. With a growing pipeline of opportunities and partnerships, the business is looking for a debt facility to help it rapidly accelerate and scale. If you want to be part of that growth, or have introductions to further support its rollout, please contact the Radian team at connect@radian.com.au
