Tech Company Financing Transactions

PowerBank Funding Round

PowerBank, operating out of Toronto, ON, raised $1.5 million from NYSERDA.

Transaction Overview

Company Name
Announced On
11/4/2025
Transaction Type
Venture Equity
Amount
$1,470,000
Round
Undisclosed
Investors
Proceeds Purpose
Proceeds purposes were not disclosed.

Company Information

Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
Undisclosed
Toronto, ON, Undisclosed
USA
Phone
Undisclosed
Email Address
Not Recorded
Overview
PowerBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the USA. The Company develops solar and Battery Energy Storage System (BESS) projects that sell electricity to utilities, commercial, industrial, municipal and residential off-takers. The Company maximizes returns via a diverse portfolio of projects across multiple leading North America markets including projects with utilities, host off-takers, community solar, and virtual net metering projects.
Profile
PowerBank LinkedIn Company Profile
Social Media
PowerBank Company Twitter Account
Company News
PowerBank News
Facebook
PowerBank on Facebook
YouTube
PowerBank on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Richard Lu
  Richard Lu LinkedIn Profile  Richard Lu Twitter Account  Richard Lu News  Richard Lu on Facebook


 

 

Browse more venture capital transactions:

Prev: 11/4/2025: Fit Collective venture capital transaction
Next: 11/4/2025: Liquid venture capital transaction

 

Share this article

 


Where The Data Comes From

We report on tech company VC transactions. VC investment data records on this site are sourced from company press releases and news coverage. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary