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SmartD Technologies Raises $15M CAD Financing Round

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TechnologyOther

Deal Overview

SmartD Technologies has closed a financing round totaling $15 million CAD. The round was co-led by existing strategic investor Hammond Power Solutions and new institutional shareholder Desjardins Capital.

All existing shareholders participated, including Hammond Power Solutions, Investissement Québec, Boreal, and SE Ventures. SmartD said the capital will accelerate its roadmap and scale deployment of its SiC-based variable frequency drive technology, including Clean Power VFD, amid growing demand from industrial operators.

SmartD’s Clean Power VFD is described as a Silicon Carbide (SiC) architecture that delivers clean sine-wave power without external harmonic and output filters, aiming to reduce energy losses and extend motor and electrical infrastructure lifespan.

Key Details

Target
SmartD Technologies
Deal Size
$10M – $25M
Reported Value
$15 million CAD

Filed under

Source

Read full article on globenewswire.com

via GlobeNewswire — Financing · April 2, 2026

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