Vyro: The startup on a mission to make electric vehicles more accessible and affordable for Australians
Vyro is on a mission to put electric vehicles in reach of every Australian by making it seamless and affordable for customers to purchase them.
Through its direct-to-consumer finance model, the startup is rethinking the way that Australian consumers can purchase electric vehicles, accelerating Australia’s transition to sustainable mobility.
Vyro, a CleanTech startup, was built with and invested in by Antler at the Pre-Seed stage. The co-founders of the business include Will Wise, Tan Uddin and Tessa Fields.
“The Vyro team is destined to do something great,” said Laura Faulconer, Associate Partner of Antler in Australia. “Will has an impressive understanding of the market players and is in a good position to capitalise on a key moment for electric vehicles.
“Currently, the transport sector accounts for 19% of Australia’s total carbon emissions, and every year more than 1,500 people in Australia die from air pollution caused by tailpipe emissions. And while Australians want electric vehicles, the high upfront cost is a real barrier to entry.
“The Vyro team has a proven background in energy, consumer finance, and impact-focused marketing, and are ready to turn the dial on electric vehicle adoption in Australia, and help achieve faster emission reductions by 2030.”
“Vyro is playing in a huge local market,” says founder Will Wise. “The collective sum of the auto-finance and brokerage industries in Australia comes to $53 billion, and we have a real opportunity to carve out a market share in this space which has been begging for disruption for years.
“Antler’s investment has allowed us to build our MVP and paved the way for us to get into the Australian market. Our virtual solution integrates with a range of different partners, and the backing of Antler has given us credibility and opened the door to talk to these key partners.”
Learn more about Vyro here.
