Street Talk

Hostplus-backed electric aircraft start-up launches $30m capital raise

Sarah Thompson, Kanika Sood and Emma Rapaport

Jul 9, 2025 – 6.50pm

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A Sydney start-up that’s seeking to get the world’s first hydrogen-powered, long-range plane into the sky has pressed play on a $30 million-plus equity round to fund its development plan.

AMSL Aero, which is backed by large superannuation funds Hostplus and TelstraSuper, UK-headquartered early-stage deep tech VC IP Group and ESG-minded Trevor St Baker, has tapped Allunga Advisory’s Matt Rogers to launch its Series B equity round, issuing a teaser to venture capital and growth equity types on and offshore.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.