MARKHAM, Ontario--(BUSINESS WIRE)--TROES Corp. (“TROES”) is delighted to announce the successful closing of its Pre-Series A funding. The round was 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, utilizing a substantial credit facility provided by JP Morgan, so as to better meet the fast-growing customer demand.
Simultaneously, TROES is officially launching its Series A financing, with continued participation from the Pre-Series A investors.
This significant milestone represents a resounding vote of confidence in TROES' vision, capabilities, and growth potential. The involvement of this investor group will provide TROES with unparalleled support in areas such as scale-up growth, renewable energy project integration, and mergers and acquisitions initiatives in this sector.
"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, Founder and CEO, says. "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."
The company remains committed to securing additional investments from strong capital partners who align with its long-term vision and growth objectives.
About TROES Corp.
TROES is revolutionizing the microgrid market by introducing our advanced battery energy storage-centered "Microgrid-in-a-box" solution. Through our unique technology, we simplify the development process, reduce costs, and increase profitability for microgrid players and end users, thereby incentivizing and accelerating the adoption of microgrid projects worldwide and contributing to a significant reduction in global carbon dioxide emissions.
For more information, please visit: http://troescorp.com