Street Talk

Perth battery manufacturer hits the fundraising trail with PKF

Sarah Thompson, Kanika Sood and Emma Rapaport

Jul 16, 2025 – 1.13pm

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A Perth-based maker of battery-based power systems is seeking to expand its manufacturing capabilities, bringing in PKF’s corporate finance team to launch a growth capital round.

Magellan Powertronics is seeking $15 million to bankroll a larger and more automated manufacturing facility in Western Australia.

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.