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
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.

