SmartD Technologies raised $14.2 million in Series A led by Investissement Québec to reinvent motor control with Clean Power VFD.

Apr 12, 2024•over 1 year ago

Amount Raised

$14.2 Million

Round Type

series a

MontrealManufacturing

Investors

Se VenturesBoreal VenturesHammond Power SolutionsInvestissement Québec

Description

Montréal-based power electronics startup SmartD Technologies has raised $14.2 million in Series A financing. The funding round was led by Investissement Québec, with participation from Hammond Power Solutions and existing investors Boreal Ventures and SE Ventures. The new funding will be used to accelerate the development and commercialization of higher-power versions of SmartD’s VFD.

Company Information

Company

SmartD Technologies

Location

Montreal, Quebec, Canada

About

Montréal-based power electronics startup SmartD Technologies develops variable frequency drives (VFD) for motor control, aiming to reinvent motor control with its Clean Power VFD. Founded in 2018 by CEO Simon Leblond and CTO Simon Caron, the startup claims its Clean Power VFD can increase motor efficiency and reduce wear and tear on equipment.

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