Canada Growth Fund Inc. invests $40 million in dcbel Inc., a Montreal-based smart home energy platform, as part of a larger financing effort to scale innovative sustainable energy solutions.

Target Information

Dcbel Inc. is a Montreal-based technology company specializing in smart home energy solutions. The company has pioneered a bidirectional electric vehicle (EV) charging hardware that is seamlessly integrated with a sophisticated home energy management system. This innovation allows homeowners to not only charge their EVs but also utilize the vehicle's battery storage as part of their home energy grid, thus maximizing efficiency and promoting sustainable energy usage.

Founded in the vibrant technology ecosystem of Montreal, dcbel aims to lead the market in energy optimization for residential properties. With a strong focus on addressing the growing demand for sustainable energy solutions, dcbel is well-positioned to harness the potential of renewable energy technologies and the increasing adoption of electric vehicles.

Industry Overview in Canada

The Canadian energy sector is undergoing significant transformation, driven by the country's commitment to reduce carbon emissions and transition to sustainable energy sources. As one o