Thanks for the interesting info. As you didn’t want to go into the failure there, would you be willing to explain more here?
You mentioned some missed out on the government grants - was that the main cause?
You mentioned some missed out on the government grants - was that the main cause?
For Park N Plug, missing out on the grant from ARENA was a big kick in the balls as we had investment depending on receiving the grant. When the grant didn’t happen we had no capital. To make things worse, we were relying on the R&D tax incentive to come through on our software platform, but the tax department said it wasn’t eligible despite earlier guidance it was.
That left us out of pocket on developer costs and deflated from the setback. We probably should keep at the software stuff and pivot the business, but my co-founder and I have other businesses we are busy with so the energy hasn’t been there.
This blog post and the reaction to it has been quite positive, so who knows, maybe I’ll try a third time to get something EV charger relate going.