Mynt

What Mynt does

Mynt (legal entity MYNT First Element) is an Australian-owned power generation equipment specialist that designs, distributes, rents, finances, and services industrial power systems for mining and construction operators across Australia and New Zealand. The company is led by Managing Director Gary Radford and operates regional offices in Brisbane (Acacia Ridge), Perth (Welshpool), and Karratha to provide proximity-based sales, rental, and service into the Pilbara and other resource hubs. Headcount is reported in the 11–50 range.

Mynt's product portfolio spans a full on-site power stack: diesel generators across the Aston (XL/WH) premium and Fuchtardt (FMP mobile, FT standby) ranges with publicly listed AUD pricing; battery energy storage systems under the Purple CUBE brand (100–600 kWh configurations) integrated with diesel gensets to reduce fuel burn; the Purple Pod hybrid solar-plus-battery pod; the Purple H2 hydrogen generator line (H2 30 and H2 50 kVA) built around Loop Energy fuel cell modules under an exclusive Australian distribution agreement; the Glowbug portable solar light tower; the Skidibee solar panel range; Pirate smart fuel tanks; Sumo distribution gear; and Modoken, a cellular-IoT carbon-monitoring software platform.

The business generates revenue across five streams: one-time equipment sales (new and second-hand), project-based equipment rental, equipment finance, guaranteed buyback/residual-value programs, and ongoing service and maintenance contracts. Public list pricing exists for selected generator SKUs in AUD; renewable, hybrid, and hydrogen solutions are quote-based under multi-year contracts. Go-to-market is enterprise field sales, supported by a dedicated sales contact and a documented track record on major projects such as Cross River Rail with CPB Contractors. Notable product milestones in 2023 include the launch of the Purple H2 line, the Loop Energy distribution partnership (May 2023), and an expanding BESS and hybrid product set targeting mine-site decarbonization.

Name

Mynt

Legal name

MYNT First Element

Website

https://myntgroup.com.au

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

51–100 employees

Short description

Mynt (MYNT First Element) is an Australian-owned power generation specialist that sells, rents, finances, and services diesel generators, battery storage, hybrid solar pods, and hydrogen fuel cell systems for mining and construction operators across Australia and New Zealand.

Ownership category

akta.pro rank

Product category

Industrial Power Generation Equipment

NAICS

Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing (532412), Motor and Generator Manufacturing (335312), Battery Manufacturing (33591)

SIC

Motors & Generators (3621), Engines & Turbines (3510)

akta.pro primary industry

Industrial Power & Energy Equipment Rental/Leasing (Generators, Light Towers, Compressors) (TLABAFAG)

akta.pro secondary industries

Energy Storage Components for Renewables Manufacturing (BESS Packs, PCS, Thermal Management) (EUAMAHAI), C&I Renewable Supply & Green Tariffs (Bundled RE, Sleeves, Utility Green Tariffs) (EUAGACAE)

Keywords

• Power generation equipment
• Industrial generators
• Battery energy storage
• Hydrogen fuel cells
• Hybrid renewable power

Headquarters

HQ city

Acacia Ridge

HQ country

Australia

HQ region

Oceania

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Equipment Sales: One-time sales of new and second-hand power generation equipment including generators, BESS, fuel tanks, and renewable hybrid systems (Purple Pod, Glowbug). Pricing publicly listed for some new and second-hand generators.
2. Equipment Rental: Rental of power generation equipment to mining and construction customers for project-based deployment.
3. Equipment Finance: Financing solutions for customers acquiring power generation equipment.
4. Guaranteed Buyback: Guaranteed buyback solutions providing residual value assurance on equipment purchases.
5. Service and Support: Ongoing maintenance, servicing, and technical support for installed power generation equipment across Australian and New Zealand operations.

Pricing tiers

Go-to-market motion2 records

Core offering

Mynt sells, rents, finances, and services industrial power generation equipment for mining, construction, and infrastructure operators across Australia and New Zealand. Its portfolio spans diesel generators (Aston XL/WH, Fuchtardt mobile and FT standby ranges), battery energy storage systems (Purple CUBE BESS), hybrid solar-battery pods (Purple Pod), hydrogen fuel cell generators (Purple H2, built on Loop Energy modules), portable solar light towers (Glowbug), solar panels (Skidibee), smart tanks (Pirate), distribution gear (Sumo), and the Modoken carbon monitoring software platform.

Differentiator

Problem solved

Functional benefit

Brands

• Purple: Renewable product line offered by MYNT.
• Aston
• Fuchtardt
• Pirate
• Sumo
• Modoken
• Glowbug
• Skidibee

Products and services

• Aston Generator Range Premium diesel generator lineup (Aston XL and WH sub-ranges, including XL BT and WH BT variants) covering mobile and standby capacities for mining, construction, and infrastructure operators across Australia and New Zealand.
• Fuchtardt Mobile and Standby Generators Mobile (FMP) and standby (FT) generator ranges covering 10 kVA to 1650 kVA capacities, targeted at remote, rental, and standby power applications for mining and construction customers.
• Purple CUBE Battery Energy Storage Systems (BESS) Battery storage systems (CUBE 100-100, CUBE 200-200, CUBE 400-400, CUBE 600-600) integrated with diesel generators to reduce fuel consumption and emissions on remote mining and construction sites; the CUBE 600-600 supports MODBUS for remote generator start.
• Purple Pod Hybrid Solar-Battery Power Pod Hybrid renewable power pods (POD-10, POD-20, POD-30) combining solar generation with battery storage, claimed to reduce diesel reliance by 90–100% in Purple Pod applications for remote sites.
• Purple H2 Hydrogen Generator Hydrogen-powered generators (H2 30 and H2 50) integrating Loop Energy's eFlow fuel cell modules to deliver zero-emission base load power for mining, industrial, and construction customers as a clean alternative to diesel.
• Purple Glowbug Portable Solar Light Tower Portable solar light tower with swap-and-go gas cylinder feature, manufactured in partnership with TCP (UK), for off-grid site lighting in mining, construction, and event applications.
• Skidibee Solar Panel Product Line Solar panel product line (including Skidibee 1300) for off-grid power deployment in mining and construction settings.
• Sumo Distribution Gear Power distribution gear product line including handheld distribution units (Half Squat, Squat 32), midsize units (Jumbo 32, Jumbo 63), hardwire units (Super Jumbo 250/400/630), and load banks (LB 120/200/400/1000) for site power distribution.
• Pirate Smart Tanks Smart fuel and water tank product line (Lift and Shift LS 1–6, Static Storage SS 10–75, Tow Tanks TT 1,250–2,000) for fuel and water management on remote sites.
• Modoken Carbon Monitoring Software Carbon monitoring software platform using data-efficient M2M communications via cellular IoT to track emissions and equipment performance for on-site power generation assets.
• Equipment Rental Services Rental of power generation equipment to mining and construction customers for project-based deployment across Australia and New Zealand.
• Equipment Finance Solutions Financing solutions offered to customers acquiring power generation equipment, reducing the capital barrier to deployment.
• Guaranteed Buyback Program Guaranteed buyback solutions providing residual value assurance on power generation equipment purchases.
• Equipment Service and Support Ongoing maintenance, servicing, and technical support for installed power generation equipment across Australian and New Zealand operations.

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Wacker Neuson: Manufacturer of mobile and standby generators, light towers, and compact equipment serving construction. Overlaps with Mynt's Fuchtardt mobile/standby range and Glowbug light tower product.
• Coates Hire: Australia's largest equipment rental provider with a broad industrial fleet including generators. Comparable to Mynt's rental stream and mining/construction customer base, though much broader and less specialized in power.
• Caterpillar: Global OEM of diesel and gas generator sets widely used in mining and infrastructure. Sets the competitive baseline for Mynt's Aston and Fuchtardt product lines and is channel partner to EPSA in Australia.
• Cummins: Global power-generation OEM with strong presence in standby and prime gensets for mining and industrial customers. Comparable as a competing product line and a potential technology counterpart given Cummins' hydrogen efforts.
• Atlas Copco: Global industrial OEM with mobile generators, energy storage, and hybrid power solutions for construction and mining. Comparable to Mynt across conventional gensets and the BESS/hybrid pivot.

Direct peers

• Aggreko: Global leader in temporary power generation and temperature-control rental, with major presence in Australia serving mining and construction. Directly comparable to Mynt's rental and hybrid power model for remote industrial sites.
• Energy Power Systems Australia (EPSA): Australian Caterpillar dealer focused on power generation, engines, and rental for mining and resources. Closest domestic direct peer to Mynt, offering diesel generators, hybrid, and service across the same geography.
• Pacific Energy: Australian provider of distributed power generation, including hybrid and renewable solutions, to mining and resource customers. Directly comparable to Mynt's hybrid/diesel-plus-renewables model for remote sites.

Regional players

• Zen Energy: Australian renewable and hybrid energy provider for remote and industrial sites. Comparable to Mynt's Purple Pod/BESS hybrid offerings for off-grid mining customers within Australia.

Emerging players

• Carnegie Clean Energy: Australian clean energy company developing wave, solar, and hybrid microgrid solutions. Thematically comparable to Mynt's hybrid renewable pod and decarbonization focus, though at an earlier commercial stage.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/mynt-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mynt