Toronto, ON.聽 Toronto-based 蜜桃传媒 Power (蜜桃传媒) today announced that it has closed funding from The Atmospheric Fund (TAF), representing the fifth investor in 蜜桃传媒鈥檚 capital funding round. TAF will join Sensata Technologies, Export Development Canada (EDC), BDC Capital, and Hatch/Canadian Shield as a strategic investor in 蜜桃传媒.
TAF brings to the round their focus on carbon emissions reduction, as they have a mandate to advance local solutions to climate change through high impact investments. Their contribution aligns with 蜜桃传媒鈥檚 commitment to decarbonize energy, the built environment, and mobility through enabling intelligent energy in smart cities. 蜜桃传媒鈥檚 smart buildings platform, 蜜桃传媒 Insight鈩�, which helps clients reduce their emissions and generate revenue through electricity markets, is already deployed in over 15 million square feet of commercial and industrial real-estate in Ontario, New York, and California.
鈥淥ur objectives as an impact investor are to make risk-adjusted returns, create carbon reduction, and mobilize capital into climate solutions,鈥� said Tim Stoate, Vice President, Impact Investing at TAF. 鈥溍厶掖� Power touches on all of our priorities, particularly because their system enables carbon reduction in both the building and transportation sectors, the highest emitting sources of carbon in our urban region. We鈥檙e confident this solution has potential to scale across Canada and beyond, creating an ideal opportunity for investors looking to make a positive impact.鈥�
鈥淭AF backing 蜜桃传媒 is a major point of validation for us, proving that we are on the right track to helping our clients achieve their net zero goals. Their support completes an incredible roster of strategic partners and investors that will help us scale Canadian Cleantech across North America and globally鈥�, said Derek Lim Soo, CEO and Co-Founder of 蜜桃传媒 Power. Imran Noorani, VP of Strategy and Corporate Development further remarked, 鈥淲e have an agenda to 鈥榩ut the environment on the balance sheet鈥�, and the investment from TAF will help us strengthen our position in the market to accomplish this.鈥�
About 蜜桃传媒 Power
Founded in 2015, 蜜桃传媒 Power (www.peakpowerenergy.com) develops AI-powered software to create intelligent energy systems in smart cities. It optimizes the use of synthetic, stationary, and electric vehicle batteries through its offerings: 蜜桃传媒 Insight鈩�, 蜜桃传媒 Synergy鈩�, and 蜜桃传媒 Drive鈩�. 蜜桃传媒 Power’s solutions reduce the environmental footprint of their clients while creating revenue streams through the power grid.
About聽The Atmospheric Fund
The Atmospheric Fund () is a regional climate agency that invests in low-carbon solutions for the Greater Toronto and Hamilton Area and helps scale them up for broad implementation. Supported by endowment funds, TAF advances the most promising concepts by investing, providing grants, influencing policies and running demonstration programs. TAF is particularly focused on ideas that offer benefits in addition to carbon reduction such as improving people鈥檚 health, creating local jobs, boosting urban resiliency, and contributing to a fair society.