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Stromcore logo — Cutting Edge Power Storage

Stromcore

Cutting Edge Power Storage

Founded 2016 Canada Toronto, Canada 35 employees Grant Total: $5.40M Manufacturing

General Information

Company Name Stromcore
Founded Year 2016
Location Canada Toronto, Canada
Founders / Decision Makers
Team member
Employees 35
Industries Manufacturing
Funding Stage Grant
Social

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About Stromcore

Stromcore is a leading designer and manufacturer of Lithium-Ion forklift batteries, offering intuitive plug-and-play solutions for almost all existing 24V, 36V, 48V, and 80V forklifts. Founded in 2016 and headquartered in Canada, the company prides itself on applying the latest Electric Vehicle (EV) technology to redefine productivity. Their cutting-edge power storage solutions boast faster charge rates, longer run times, remote monitoring and servicing, active heating for freezers, as well as industry-leading cycle life and energy efficiency. Their innovative approach has attracted significant attention, with the latest investment of $4.80M in the form of a grant from FedDev in 26 May 2023. This injection of capital reflects the confidence of investors in Stromcore's potential to revolutionize power storage in the manufacturing industry. For more information, visit www.stromcore.com.

Taxonomy: Lithium-Ion batteries, Energy storage, Electric Vehicle (EV) technology, Forklift batteries, Battery Management System (BMS), Industrial forklifts, Remote monitoring, Battery technology, Energy efficiency, Electric vehicles, Cloud technology, Industrial equipment, Charging solutions, Productivity enhancement

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Grant $4.80M 1
FedDev
FedDev
26 May 2023
Grant $600.00K 2
Export Development Canada RBC
Export Development Canada, RBC
12 Aug 2019
Seed Round Undisclosed 1
Ontario Centres of Excellence
Ontario Centres of Excellence
30 Nov 2016

Stromcore Alternatives & Competitors

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Stromcore vs
Boston-Power
Boston-Power United States

Boston-Power is a leading developer and manufacturer of next-generation lithium-ion battery cells, b...

Debt Financing
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Stromcore vs
Sanvaru Technology Ltd. Power Forever
Sanvaru Technology Ltd. Power Forever India

Leading Manufacturer of High Performing Lithium-ion Batteries for BESS & E-Mobility with smart BMS.

29 employees
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Stromcore vs
Microvast
Microvast United States

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FAQ About Stromcore

Cutting Edge Power Storage
Stromcore was founded in 2016.
Stromcore is headquartered in Toronto, Canada.
Stromcore operates in Manufacturing. Its work centres on Lithium-Ion batteries, Energy storage, Electric Vehicle (EV) technology and Forklift batteries.
Stromcore has approximately 35 employees.
Stromcore has completed 3 funding rounds, raising a total of $5.40M. The latest funding stage is Grant.
Top alternatives and competitors to Stromcore include Boston-Power, Sanvaru Technology Ltd. Power Forever, Microvast, GDI, Volta Lithium Hub. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Stromcore and Boston-Power are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Stromcore, https://bouncewatch.com/company/stromcore, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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