Stay updated with breaking news from Skip Capital. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
One of Australia’s fastest growing start-ups, MIlkrun, shuttered last week. It attracted a lot of investor attention. Big players were involved. But Milkrun’s fast growth came with high costs.
Milkrun riders used bikes provided by Zoomo, but its Australian general manager says the business is shielded by diversification.
In an email to staff, founder Dany Milham said the start-up had made the “difficult decision” to wind down the business, with all 400 employees made redundant.
Genex Power founder Simon Kidston has backed warnings by the CSIRO that pumped hydro projects are unlikely to be the answer to Australia’s medium-term renewable energy storage requirements.
The digital modelling of the network unlocks much-needed expansion potential, in findings that are a major boost for Australia’s energy transition.