SmartD Technologies Secures $15M CAD Financing
Analysis based on 7 articles · First reported Apr 02, 2026 · Last updated Apr 02, 2026
The successful financing round for SmartD Technologies is expected to accelerate its product development and market expansion, potentially increasing its competitive position in the power electronics industry. This could positively impact investors like Hammond Power Solutions and Desjardins Capital through their stakes in SmartD Technologies.
SmartD Technologies, a Canadian power electronics company, successfully closed a $15 million CAD financing round. The round was co-led by existing strategic investor Hammond Power Solutions and new institutional shareholder Desjardins Capital, with all existing shareholders, including Canada — Investissement Québec, Borealis (company), and VSR Ventures Private Limited, also participating. This capital infusion will enable SmartD Technologies to accelerate its product roadmap and expand the commercial deployment of its Silicon Carbide (SiC)-based variable frequency drives (VFDs) across North America and international markets. SmartD's Clean Power VFD technology offers significant advantages by delivering clean sine-wave power, eliminating the need for external filters, reducing energy losses, and extending the lifespan of industrial motors and electrical infrastructure, thereby contributing to energy transition efforts.
Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.
Open Dashboard