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TROES Closes $1M Seed Round Financing

  • Post published:30 June 2021
  • Reading time:2 mins read

MARKHAM, ON, CANADA, June 29, 2021 – TROES a leading Battery Energy Storage and Microgrid Control technology firm offering advanced New Energy solutions for Commercial, Industrial and Institutional customers is excited to announce the successful completion of a $1 million seed round financing in March 2021.

The Seed round was led by a Texas-based family office and the York Angel Investor Group, along with contributions from other institutional funds including Artesian, High Park Angels, Launchub, OPN, New Brunswick Innovation Fund, Golden properties, BDC and others.

In April, TROES also received non-dilutable seed funding from Sustainable Development Technology Canada (SDTC). The use of proceeds for the Seed round includes product development, sales expansion and general corporate purposes. 

“We are very pleased to have completed our Seed round financing and obtaining the support of a strong group of investors. TROES was founded with the idea that New Energy, the transformation of energy infrastructure to a more sustainable platform, would require the storage of energy to offset the variability of renewable generation. It also requires products that better integrate renewable sources into existing infrastructure. With this in mind, we have focused on Energy Storage Systems and Microgrid Controls as being key to this future.”

Vienna Zhou, CEO of TROES Corp.
About TROES Corp.

TROES is based in Markham, Ontario, Canada and is made up of a group of experienced experts in the Energy domain. By using our patented modularized energy storage hardware and software, we help unlock numerous project opportunities with considerable payback for middle-market project developers, power distributors, and power consumers.

Follow us on LinkedIn and stay connected on our website to learn more about TROES’ advanced Battery Energy Storage Systems, its proprietary technology, the various applications and its benefits and advantages over other competitive systems. 

Contact:

For all inquiries regarding TROES Corp. please contact:

John Manalis, MBA
Sr. Marketing Manager
+1 416-508-0169
j.manalis@troescorp.com