Investments
1Partners & Customers
10About 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
Latest Vector News
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.
Vector Investments Activity
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 | Acquired | 1 |
Date | 8/29/2018 |
---|---|
Investment Stage | |
Companies | |
Valuation | |
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 | ||||
12/14/2017 | Partner |
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 | ||
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 . | |||
Sources | 1 | 5 | 1 |
Vector Team
1 Team Member
Vector has 1 team member, including former Chief Executive Officer, Michael Cummings.
Name | Work History | Title | Status |
---|---|---|---|
Michael Cummings | Brookfield Asset Management, and British Gas | Chief Executive Officer | Former |
Name | Michael Cummings |
---|---|
Work History | Brookfield Asset Management, and British Gas |
Title | Chief Executive Officer |
Status | Former |
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