Aussie tech’s climate crisis as start-ups face capital crunch

At least 100 Australian climate tech start-ups are at risk of shutting down in the next nine months without an urgent capital injection, threatening to set the industry’s growth back years, according to the sector’s leading community network.

The frank admission from climate tech community organisation, Climate Salad, comes after high-profile hydrogen aviation pioneer Universal Hydrogen collapsed last week, having burnt through almost $150 million.