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Corporation
vector.co.nz

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Investments

1

Partners & Customers

10

About Vector

Vector is a utilities company that distributes electricity and gas. It is also installing a network of electric vehicle charging stations as well as working with Tesla to launch its batteries in New Zealand. Through Vector Communications it builds, monitors, and maintains its own fibre network for businesses.

Vector Headquarter Location

Newmarket

Auckland, 1149,

New Zealand

+64 099787626

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Latest Vector News

'Vector to pass Loss Rental Rebate credit to Aucklanders'

Jun 30, 2022

Thursday, 30 June, 2022 - 15:05 Vector has today announced it will pass on an expected credit of $30 to Auckland electricity account holders, as payment of this year’s annual Loss Rental Rebate surpluses. Loss rental rebates are the difference between the price and quantity of electricity generated and the price and quantity of electricity received, creating a difference in cost, which is only known later on. Loss Rental Rebates are allocated to electricity distributors around the country including Vector in Auckland. The expected credit of $30 will be each Vector electricity account holder’s share of the credit Vector receives from Transpower. Vector electricity account holders in Auckland’s Entrust district will receive the credit in September as part of their annual Entrust dividend payment. For Vector electricity account holders outside this area, Vector will pass this credit on to power companies who should then provide those customers with a credit on their power bill later this year. Earlier this year, the Electricity Authority consulted on potential changes which could see electricity distributors losing the ability to issue these payments direct to consumers. Vector’s position is that consumers benefit when distributors have this ability, and that a change of approach that introduces more cost with no additional benefit to customers should be avoided. All articles and comments on Voxy.co.nz have been submitted by our community of users. Please notify us if you believe an item on this site breaches our community guidelines .

Vector Investments

1 Investments

Vector has made 1 investments. Their latest investment was in mPrest as part of their Series B on October 10, 2017.

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Vector Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/30/2017

Series B

mPrest

$10M

Yes

8

Date

10/30/2017

Round

Series B

Company

mPrest

Amount

$10M

New?

Yes

Co-Investors

Sources

8

Vector Acquisitions

1 Acquisition

Vector acquired 1 company. Their latest acquisition was Vircom Energy Management Services on August 29, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

8/29/2018

$99M

Acquired

1

Date

8/29/2018

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired

Sources

1

Vector Partners & Customers

10 Partners and customers

Vector has 10 strategic partners and customers. Vector recently partnered with Citigroup on April 4, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

4/6/2022

Vendor

United States

Vector follows through with smart meters review, taps Citi for talks

Vector said Wednesday that it had received unsolicited approaches for the business and tapped Citi 's bankers to run a review that would `` take a number of months '' .

1

8/26/2020

Partner

United States

AWS will help Vector to deliver cleaner energy in Australia and New Zealand

The New Energy Platform , as it 's known , will be jointly developed by AWS and Vector Ltd. as part of a new strategic alliance .

5

7/27/2020

Partner

United States

1

2/6/2019

Partner

Netherlands

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10

12/14/2017

Partner

United States

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10

Date

4/6/2022

8/26/2020

7/27/2020

2/6/2019

12/14/2017

Type

Vendor

Partner

Partner

Partner

Partner

Business Partner

Country

United States

United States

United States

Netherlands

United States

News Snippet

Vector follows through with smart meters review, taps Citi for talks

Vector said Wednesday that it had received unsolicited approaches for the business and tapped Citi 's bankers to run a review that would `` take a number of months '' .

AWS will help Vector to deliver cleaner energy in Australia and New Zealand

The New Energy Platform , as it 's known , will be jointly developed by AWS and Vector Ltd. as part of a new strategic alliance .

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Sources

1

5

1

10

10

Vector Team

1 Team Member

Vector has 1 team member, including former Chief Executive Officer, Michael Cummings.

Name

Work History

Title

Status

Michael Cummings

Chief Executive Officer

Former

Name

Michael Cummings

Work History

Title

Chief Executive Officer

Status

Former

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