Sydney-based tech startup Aquila has gained the backing of Blackbird Ventures in a $3 million seed round that aims to commercialise the wireless energy transmission technology that eccentric physicist Nikola Tesla dreamed was possible almost 130 years ago.
Aquila, founded by software developer Billy Jeremijenko and mechatronics engineer Nelson Smith, wants to take the technology further in a bid to create the ‘internet of energy’ that the company says is vital if renewable energy solutions can live up to their potential.
The investment by Blackbird, which was supported by Startmate, Icehouse Ventures and Possible Ventures, is the start of what Aquila CEO Jeremijenko describes in a blog posted today as ‘an insane challenge’ that in Australia alone will require the energy grid to scale three times over the next decade to distribute renewables.
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In 2020, Billy participated in the four-week San Francisco Startup AdVenture program and learned alongside local San Fran startups, gaining first-hand knowledge on founding, investing, and growing an early stage business.
