Brisbane fast-charging company Tritium said it was hard to secure Australian capital to help the company through its financial troubles.
has asked the Queensland government for an equity injection of up to $90 million as it tries to deal with its dire liquidity issues.and move its headquarters overseas to ensure its financial survival, it is understood the request to the Palaszczuk government is unlikely to be successful.
A spokesman for Queensland Treasurer Cameron Dick said the government was “in dialogue with a number of companies about incentive measures, all of which are assessed to ensure they provide value for money for taxpayers”. She said her preference would be to remain in Australia – strongly believing in the need to nurture a local manufacturing sector – but the company was likely to be at the mercy of its next major capital partner.Tritium cornerstone shareholder and non-executive director Trevor St Baker criticised the lack of support from multibillion-dollar super funds in Australia for an Australian business as it expands overseas with “world-leading” technology.
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