New York VC takes stake in Aussie start-up promising longevity
The Melbourne-based startup has secured $15 million in seed funding in a round led by Left Lane Capital, a New York and London-based venture capital and growth equity firm. The funds will fuel Everlab's international expansion efforts into Europe, the United States and across APAC in 2026, and grow its clinic network and develop the platform.
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News.com.au
2 hours ago
- News.com.au
Melbourne's fastest-selling housing hotspots, buyers run out of time
Melbourne's housing market is picking up pace, with the speed of home sales accelerating in the past year — particularly in areas that had been struggling the most. Latest PropTrack data shows the average days on market for the city's houses has dropped from 37 days in June 2024, to 36 days now. A likely contributor to the fall is homes selling closer to their scheduled auction day, which along with rising median prices for the first six months of the year hints sellers are starting to find themselves in a stronger position than they were last winter. Plenty luxury home breaks suburb record It's good news for the 775 auctions scheduled this week, which is down 13 per cent on the same time last year, and the about 760 homes slated to test the market next week. But the news is even better in coastal and lifestyle suburbs, with PropTrack data showing the time it takes to sell in Frankston North, McCrae, Baxter and Capel Sound has been slashed to as little as three weeks. McCrae led the Mornington Peninsula with the biggest drop in days on market, down from 62 to 41, while its median price reached $1.2m. Frankston North's median jumped from $545,000 to $610,250, with days on market shrinking from 31 to just 22. Baxter and Capel Sound also saw prices rise and days on market fall, while Langwarrin held firm with a $859,000 median. Across Greater Melbourne, PropTrack figures show a broader uplift in activity, with 61,913 houses sold in June 2025, up from 55,774 a year earlier. M R Advocacy director and broker Madeleine Roberts said coastal homes under $1m were being snapped up quickly. 'In Frankston North, homes are snapped up in under a month,' Ms Roberts said. 'Many buyers are frustrated and getting priced out if they hesitate even a week.' Ms Roberts added that investors were back in the mix as rental yields remained strong and vacancies low: 'We're not in a boom, but we're in a correction,' she said. 'Days on market are a leading indicator, and the market is beginning to heat up again.' Prominent Melbourne buyers advocate Cate Bakos said interstate investors were targeting suburbs like Frankston North for strong yields and capital growth. 'There's enormous pressure building at the lower end,' Ms Bakos said. 'We're not in a boom, but we are in a correction.' Belle Property and HockingStuart Victoria director Anthony Webb said the subâ€'$750,000 entry point was rapidly shrinking, squeezing firstâ€'home buyers even as investor demand returned. 'There's a lot of interest in Frankston and Langwarrin,' Mr Webb said. 'With rate cuts expected, savvy buyers are trying to get ahead of the curve.' On winter buying dynamics, Mr Webb said at entry level FOMO is kicking in: 'Move-in ready homes in the $750k –$1m range are still attracting strong interest, even in winter,' he said. This weeks busiest spots for auctions will be Mt Waverley, with 19 auctions, followed by Wollert, 18, Mickleham, 16, Reservoir, 15, and Craigieburn, 13.
7NEWS
2 hours ago
- 7NEWS
Australian-developed electric Mini Moke now available
Australians can now buy a street-legal, all-electric Mini Moke, courtesy of Melbourne-based electric vehicle (EV) conversion company Jaunt Motors, but you'll have to pay handsomely for it. Jaunt's electric Moke conversion, which is now available for customer commission ahead of delivery in 2026, is priced from $140,000 – excluding the cost of the donor vehicle. The EV converter is also offering its new Moke EV conversion platform to independent workshops around Australia, including installation training and instruction, with trade prices starting at $90,000. CarExpert can save you thousands on a new car. Click here to get a great deal. Separately, Moke International is offering an electric Moke for the equivalent of about $69,500 including taxes, delivery and first registration fees in the UK, and has received approval to sell 1500 Mokes in the EU under that market's ultra-low volume vehicle regulations, as well as approval to sell 325 cars in the US this year. The company hopes it can make a similar case for ultra-low volume imports to Australia, where a significant proportion of customers are also expected to be high-end resorts that want to offer customers Moke EVs for complimentary use, short-term rental or as shuttle vehicles. However, Moke International's EV is yet to be confirmed for Australia while Jaunt says every component installed in its electric Moke is CAD designed and engineered to meet Australian Design Rules and local conditions, meaning its vehicles can be registered in every state and territory – a process it will complete before the car is delivered to you. Better known for creating battery-electric versions of the original Land Rover Defender as well as classic Mini Coopers and Porsche 911s, Jaunt also says it plans to extend its conversion platforms to other classic models such as the original Range Rover and Volkswagen Kombi, 'making iconic vehicles more accessible, sustainable and engineered in a world moving toward zero-emissions'. Based in Scoresby, Victoria, Jaunt specialises in converting classic and specialty vehicles to electric power with a focus on safety, compliance and craftsmanship, and says its engineered electric platforms and conversions 'preserve the charm of iconic cars while making them safer, cleaner and better to drive'. Jaunt's Moke EV is powered by a single front-mounted electric motor producing 72kW of power and 175Nm of torque, fed by a 19kWh battery pack that's mounted under the tub and takes between just two and three hours to recharge thanks to a 400-volt electrical architecture. Those numbers aren't big in a world of high-performance EVs, but Jaunt says its Moke can accelerate from 0-100km/h in just seven seconds – 'even uphill' – in sport mode, while a regenerative braking system turns the motor into a generator to assist the mechanical brakes. Jaunt's electric upgrade retains the original Moke's low kerb weight, allowing it to be a four-seater without exceeding GVM, as well as its compact dimensions and nimble dynamics. However, it isn't being pitched as a high-performance EV, but one that's 'ready for exactly what it was originally designed for: short, joyful, open-air drives'. That said, a polished stainless steel-bodied version Jaunt built from the ground up and featuring LED lighting and CNC-machined badges is claimed to be lighter than the original Moke, while offering a better torque-to-weight ratio than a Tesla Model 3 Performance. In addition to the EV conversion and a 7.8:1 single gear ratio to suit larger 13-inch wheels, the retail version supplied directly to customers comes with upgraded brake, steering and suspension systems, plus ADR-compliant seats with seatbelts mounted to a new roll bar system covered by a custom canvas top. Based around a new BMH front sub-frame, the EV system bolts to existing mounting points under the bonnet and comprises the battery, electric motor and inverter, plus driveshafts, a motor cooling system, bi-directional charger and a completely new integrated 12-volt electrical system. It also comes with a new centre dash panel complete with modern digital gauges and controls, an electric parking brake, pop-up charge port and all of the necessary body block-out panels. Braking, steering and suspension systems can be further customised to meet customer needs, and additional custom parts are also available. Jaunt Motors CEO and co-founder Dave Budge says all of this gives the humble old Moke the ability to perform like a brand-new vehicle despite being originally built more than half a century ago. 'Classic cars are charming,' he said. 'They've got stories, they've got soul. But they're also unreliable and are getting harder to maintain. What we're doing isn't about reinventing the car. It's about keeping what was great and fixing everything that wasn't. 'This isn't just a loose collection of parts. It's a complete platform we've engineered, built and tested to ADR compliance and the latest EV safety standards. 'Now we're making it available to others who care about doing conversions correctly. It allows restorers and auto specialists to deliver fully roadworthy electric Mokes that are safe, legal and will last another 50 years.'
Perth Now
2 hours ago
- Perth Now
Australian-developed electric Mini Moke now available
Australians can now buy a street-legal, all-electric Mini Moke, courtesy of Melbourne-based electric vehicle (EV) conversion company Jaunt Motors, but you'll have to pay handsomely for it. Jaunt's electric Moke conversion, which is now available for customer commission ahead of delivery in 2026, is priced from $140,000 – excluding the cost of the donor vehicle. The EV converter is also offering its new Moke EV conversion platform to independent workshops around Australia, including installation training and instruction, with trade prices starting at $90,000. CarExpert can save you thousands on a new car. Click here to get a great deal. Supplied Credit: CarExpert Separately, Moke International is offering an electric Moke for the equivalent of about $69,500 including taxes, delivery and first registration fees in the UK, and has received approval to sell 1500 Mokes in the EU under that market's ultra-low volume vehicle regulations, as well as approval to sell 325 cars in the US this year. The company hopes it can make a similar case for ultra-low volume imports to Australia, where a significant proportion of customers are also expected to be high-end resorts that want to offer customers Moke EVs for complimentary use, short-term rental or as shuttle vehicles. However, Moke International's EV is yet to be confirmed for Australia while Jaunt says every component installed in its electric Moke is CAD designed and engineered to meet Australian Design Rules and local conditions, meaning its vehicles can be registered in every state and territory – a process it will complete before the car is delivered to you. Supplied Credit: CarExpert Better known for creating battery-electric versions of the original Land Rover Defender as well as classic Mini Coopers and Porsche 911s, Jaunt also says it plans to extend its conversion platforms to other classic models such as the original Range Rover and Volkswagen Kombi, 'making iconic vehicles more accessible, sustainable and engineered in a world moving toward zero-emissions'. Based in Scoresby, Victoria, Jaunt specialises in converting classic and specialty vehicles to electric power with a focus on safety, compliance and craftsmanship, and says its engineered electric platforms and conversions 'preserve the charm of iconic cars while making them safer, cleaner and better to drive'. Jaunt's Moke EV is powered by a single front-mounted electric motor producing 72kW of power and 175Nm of torque, fed by a 19kWh battery pack that's mounted under the tub and takes between just two and three hours to recharge thanks to a 400-volt electrical architecture. Supplied Credit: CarExpert Those numbers aren't big in a world of high-performance EVs, but Jaunt says its Moke can accelerate from 0-100km/h in just seven seconds – 'even uphill' – in sport mode, while a regenerative braking system turns the motor into a generator to assist the mechanical brakes. Jaunt's electric upgrade retains the original Moke's low kerb weight, allowing it to be a four-seater without exceeding GVM, as well as its compact dimensions and nimble dynamics. However, it isn't being pitched as a high-performance EV, but one that's 'ready for exactly what it was originally designed for: short, joyful, open-air drives'. Supplied Credit: CarExpert That said, a polished stainless steel-bodied version Jaunt built from the ground up and featuring LED lighting and CNC-machined badges is claimed to be lighter than the original Moke, while offering a better torque-to-weight ratio than a Tesla Model 3 Performance. In addition to the EV conversion and a 7.8:1 single gear ratio to suit larger 13-inch wheels, the retail version supplied directly to customers comes with upgraded brake, steering and suspension systems, plus ADR-compliant seats with seatbelts mounted to a new roll bar system covered by a custom canvas top. Based around a new BMH front sub-frame, the EV system bolts to existing mounting points under the bonnet and comprises the battery, electric motor and inverter, plus driveshafts, a motor cooling system, bi-directional charger and a completely new integrated 12-volt electrical system. Supplied Credit: CarExpert It also comes with a new centre dash panel complete with modern digital gauges and controls, an electric parking brake, pop-up charge port and all of the necessary body block-out panels. Braking, steering and suspension systems can be further customised to meet customer needs, and additional custom parts are also available. Jaunt Motors CEO and co-founder Dave Budge says all of this gives the humble old Moke the ability to perform like a brand-new vehicle despite being originally built more than half a century ago. Supplied Credit: CarExpert 'Classic cars are charming,' he said. 'They've got stories, they've got soul. But they're also unreliable and are getting harder to maintain. What we're doing isn't about reinventing the car. It's about keeping what was great and fixing everything that wasn't. 'This isn't just a loose collection of parts. It's a complete platform we've engineered, built and tested to ADR compliance and the latest EV safety standards. 'Now we're making it available to others who care about doing conversions correctly. It allows restorers and auto specialists to deliver fully roadworthy electric Mokes that are safe, legal and will last another 50 years.' MORE: Meet the Melbourne startup turning old Land Rovers into electric vehicles
