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SmartD Technologies Secures $15M CAD Financing Round Co-Led by Hammond Power Solutions & Desjardins Capital to Accelerate Global Deployment of Its SiC-Based VFD Technology

June 25, 2026 - SmartD Technologies Secures $15M CAD Financing Round Co-Led by Hammond Power Solutions & Desjardins SiC-Based VFD Technology

June 25, 2026

SmartD’s Technologies to Accelerate Its SiC-Based VFD Technology Product Roadmap, Expanding Commercial Deployment Across North America & International Markets

SmartD Technologies has announced the successful closing of its latest financing round totaling $15 million CAD. This round was co-led by existing strategic investor Hammond Power Solutions (HPS) and new institutional shareholder Desjardins Capital. All existing shareholders — including Hammond Power Solutions, Investissement Québec, Boreal, and SE Ventures — participated in the round, a clear signal of deep renewed confidence in SmartD’s trajectory. The successful round provides the capital necessary to accelerate the company’s roadmap and meet growing demand from industrial operators seeking simpler, more efficient, and more reliable motor-drive systems. 

Following a year of strong commercial momentum and growing adoption across sectors such as water infrastructure and data centers, SmartD is entering a new phase of growth, focused on scaling the deployment of its motor control technology across global industrial markets. SmartD’s Clean Power VFD represents a paradigm shift in the industry. Built on a Silicon Carbide (SiC)–based architecture, it delivers clean sine-wave power to both the motor and the grid, eliminating the need for external harmonic and output filters, reducing energy losses, and extending the lifespan of industrial motors and electrical infrastructure.

SmartD’s Clean Power VFD is the first SiC-based drive delivering a true sine-wave output, enabling fully filterless drive installations. This architecture:

  • Reduces capital expenditures by eliminating external filters, specialized cabling, and oversized electrical infrastructure.
  • Reduces operating costs through improved system efficiency and lower harmonic losses.
  • Extends the lifespan of motors and electrical infrastructure, even in demanding environments.
  • Consistently meets IEEE 519 harmonic recommendations without additional mitigation equipment.

This new generation of motor control architecture is particularly well suited for operators managing critical infrastructure, remote industrial sites, or retrofit projects where simplicity, reliability, and performance are essential.

We are excited to deepen our partnership with SmartD as they transition from innovation to scale. SmartD’s ability to deliver clean sine-wave motor power without external filtering aligns with the growing demand for higher power quality, efficiency, and reliability in industrial applications.

Adrian Thomas, CEO of Hammond Power Solutions

The addition of Desjardins Capital as a co-lead investor and new shareholder strengthens SmartD’s institutional backing as the company expands its market presence.

SmartD is a strong example of the potential of homegrown technology to transform entire industries. By enhancing the energy efficiency of industrial motor drive systems, the company demonstrates how innovation can make a tangible contribution to the energy transition. Desjardins Capital is proud to support a Quebec-made solution that has everything it takes to play a defining role on the international stage.

Nathalie Bernard, Chief Operating Officer, Desjardins Capital

With this new investment, we are pleased to support SmartD’s continued growth. SmartD is developing concrete solutions that improve energy efficiency across industries and public infrastructure, contributing to a more sustainable economy.

Bicha Ngo, President and CEO of Investissement Québec

This round is fundamentally about trust. With the continued support of our investors, we are now focused on scaling our technology to meet growing demand from industrial and institutional clients.

Simon Leblond, CEO and Co-founder of SmartD Technologies

With this financing, SmartD will accelerate its product roadmap and expand commercial deployment across North America and international markets.

For more information on SmartD Technologies solutions HERE

June 25, 2026 - SmartD Technologies Secures $15M CAD Financing Round Co-Led by Hammond Power Solutions & Desjardins SiC-Based VFD Technology

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