Australia's NRF invests A$30.7M in Applied EV autonomous vehicle platform
NRF invested A$30.7 million for an equity stake in Applied EV, providing capital to scale the company’s autonomous-only vehicle platform and expand commercial deployment programmes.
Evidence notes
- The amount is stated in Australian dollars.
- The transaction gave NRF an equity stake in Applied EV.
- No USD conversion is stored because the native amount is the authoritative disclosed figure.
Company context
Applied EV develops software-defined autonomous vehicle platforms built without conventional driver controls. Its modular chassis, central control architecture and safety systems are designed for Level 4 operation across logistics, industrial and service workflows. The company works with vehicle, autonomy and fleet partners to provide a configurable machine that can carry different bodies and operate in mixed environments.