TROES is delighted to announce the successful completion of our 2023 Bridge financing round in an impressive one month timeframe, which was oversubscribed by 10%. We are thrilled to continue making strides towards achieving our business objectives.
We would like to express our sincere appreciation for everyone who has demonstrated support for our company and enabled us to reach this point. We appreciate your support and look forward to continuing our journey together. We have been met with success in regards to our Bridge financing round, prompting enquiries from various interested parties regarding the following financing round.
This next round of funding will be utilized to further expand our sales, sustain ongoing research and development, and optimize our supply chain. We are actively preparing to launch a larger round of investment, and are engaged in conversations with possible investors.
The past year was challenging with many external forces to overcome: inflation, supply chain, logistics and geopolitics etc. Despite the challenges we managed to continue on our growth path, with booking from year 2022 greatly exceeding year 2021. To-date TROES has sold over 7 countries.
We have come a long way since the inception of our company, and we owe our success to the hard work and dedication of our team and the support of our investors. As we move forward, we are confident that we will continue to grow and succeed, and we look forward to the exciting opportunities that lie ahead.
The tremendous success of our Bridge financing round and the enthusiastic response from our investors demonstrate the commitment and effort of our team. We have a solid business plan in place and are executing on it. The capital raised in the upcoming investment round will be allocated to aid our expansion and solidify our company’s reputation as a major player in the field. We are devoted to providing our stakeholders and patrons with the utmost value, and we look forward to informing you of our continuing development in the upcoming months.
We are revolutionizing the energy storage game with our integrated cutting-edge Battery Energy Storage Systems (BESS) and Microgrid Control Units, our technology is lowering project development costs and dramatically reducing time-to-money for developers. Our solutions have already attracted attention from multinational energy companies, beside the deployment in Canada, USA, UK, and the Caribbean countries, we also secured a Fortune 500 Master Service Agreement, plus a few Right of First Refusals (ROFRs) from our valued customers valuing tens of millions dollars.
Our target market is mid-sized government, commercial, and industrial organizations looking to reduce energy costs and improve energy infrastructure. By leveraging strategic channel partners for go-to-market, also with centralized technology powered engineering knowhow, TROES is able to generate higher gross margins than most of its competitors. With a skilled and driven team, we are confident in our ability to rapidly reach $100 million in revenue.
Invest in the future of energy storage and microgrids with TROES – the right company, at the right time! Get in touch with us to learn more about our innovative solutions and growth potential.