The Canada Growth Fund (CGF) has invested $58 million in dcbel, a Montreal-based company developing bidirectional EV charging and home energy management solutions. The funding, part of an $80 million round with Idealist Climate Impact Fund LP and others, will support dcbel’s expansion in North America and Europe while maintaining its Canadian headquarters and intellectual property.
dcbel’s Ara home energy system integrates solar storage, EV charging, and AI-powered energy optimization to cut costs and boost resilience. CGF has now invested $2.3 billion in Canadian cleantech, backing firms driving sustainable energy innovation.
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