Canadian battery storage microgrid developer TROES Corp. has closed a pre-series A funding round led by Silicon Valley-based Mobility Innovation fund, which is managed by global leading automotive enterprises SAIC Motor and Wanxiang group.
In addition to the equity investment, TROES will receive trading support from this group, utilising a â€œsubstantial credit facilityâ€ provided by JP Morgan.
Simultaneously, TROES is launching its series A financing, with continued participation from the pre-series A investors.
“We are thrilled to receive support from these new investors and financial partners. Their investment in our company not only reflects their confidence in the energy storage and microgrid sector but also enables us to better integrate into the business and startup ecosystem in North America,” Vienna Zhou, TROES founder and CEO, said. “Our mission at TROES is to empower medium-sized commercial, industrial, and agricultural customers with TROES’ cutting-edge, energy-centric technology, enabling a transition to cleaner, more affordable, and self-sufficient energy solutions through global microgrid solutions.”