MONTREAL, April 02, 2026 – SmartD Technologies, a pioneering developer of Silicon Carbide (SiC)-based variable frequency drives, has successfully closed a significant financing round totaling $15 million CAD. This strategic funding was co-led by existing investor Hammond Power Solutions and new institutional partner Desjardins Capital, with full participation from all current shareholders including Investissement Québec, Boreal, and SE Ventures.
Strategic Investment for Global Expansion
The substantial investment represents a strong vote of confidence in SmartD's technological trajectory and market potential. The capital infusion will enable the company to accelerate its product roadmap and meet escalating demand from industrial operators seeking more efficient, reliable, and simplified motor-drive systems across global markets.
Revolutionary Clean Power VFD Technology
SmartD's Clean Power VFD represents a transformative advancement in industrial motor control technology. Built on a Silicon Carbide-based architecture, this innovative system delivers clean sine-wave power to both motors and electrical grids, eliminating the need for external harmonic and output filters while reducing energy losses and extending equipment lifespan.
Key advantages of SmartD's groundbreaking technology include:
- Reduced capital expenditures through elimination of external filters, specialized cabling, and oversized electrical infrastructure
- Lower operating costs achieved through improved system efficiency and reduced harmonic losses
- Extended lifespan for motors and electrical infrastructure, even in demanding operational environments
- Consistent compliance with IEEE 519 harmonic recommendations without additional mitigation equipment
Industry Endorsement and Strategic Vision
Adrian Thomas, CEO of Hammond Power Solutions, expressed enthusiasm about the partnership, stating, "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."
The addition of Desjardins Capital as a co-lead investor strengthens SmartD's institutional foundation as the company expands its market presence. Stéphane Pilette, Investment Director at Desjardins Capital, noted, "SmartD is a strong example of a 'technology from here' with the potential to transform global industry standards. By improving the energy efficiency of industrial motor systems, SmartD is contributing directly to the energy transition."
Market Applications and Growth Trajectory
Following a year of significant commercial momentum and growing adoption across sectors including water infrastructure and data centers, SmartD is entering a new phase of expansion. The company's technology is particularly well-suited for operators managing critical infrastructure, remote industrial sites, or retrofit projects where simplicity, reliability, and performance are essential considerations.
This financing round positions SmartD Technologies to scale deployment of its revolutionary motor control architecture across global industrial markets, addressing the increasing demand for energy-efficient solutions that contribute to broader sustainability goals while delivering tangible operational benefits.
