Tech Company Financing Transactions
Ballard Power Systems Funding Round
Ballard Power Systems closed a $54 million venture capital round on 4/1/2024. Investors included Internal Revenue Service (IRS).
Transaction Overview
Company Name
Announced On
4/1/2024
Transaction Type
Debt
Amount
$54,000,000
Round
Undisclosed
Investors
Proceeds Purpose
Ballard plans to use the $54 million in tax credits to support the build-out of a new fuel cell Gigafactory in Rockwall, Texas.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
9000 Glenlyon Parkway
Burnaby, BC, V5J 5J8
Canada
Burnaby, BC, V5J 5J8
Canada
Phone
Website
Email Address
Overview
Zero emission fuel cell vehicles will positively change the lives of the next generation. By relentlessly developing and improving our technology, we will make a real difference. This makes us extremely proud to work at Ballard. We use our fuel cell expertise to deliver valuable and innovative solutions to our customers globally, create rewarding opportunities for our team, provide extraordinary value to our shareholders and power the hydrogen society.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Jim Roche
Chief Executive Officer
Randall MacEwen
Chief Financial Officer
Paul Dobson
Chief Operating Officer
Mark Biznek
Chief Technical Officer
Kevin Colbow
Vice President
Lee Sweetland
VP - Bus. Development
David Mucciacciaro
VP - Engineering
Mircea Gradu
VP - Human Resources
Sarbjot Sidhu
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We do our best to report on all VC transactions involving tech companies. All VC database entries reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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