About Abraxas Power
Abraxas Power is a company based in Toronto (Canada) founded in 2023.. Abraxas Power has raised $2.28 million across 1 funding round. Abraxas Power offers products and services including EVREC Project, Solar City, and Global Origination. Abraxas Power operates in a competitive market with competitors including EverWind Fuels, Keystone XL, Bullfrog Power, Lyko Systems and TH Solar Wind Energy, among others.
- Headquarter Toronto, Canada
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Sectors
Energy & Utilities
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Phone
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Website
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Social
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- Legal Name Abraxas Power Corp
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.28 M (USD)
in 1 rounds
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Latest Funding Round
$2.28 M (USD), Seed
Nov 18, 2024
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Investors
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Employee Count
Employee Count
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Products & Services of Abraxas Power
Abraxas Power offers a comprehensive portfolio of products and services, including EVREC Project, Solar City, and Global Origination. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Mega-scale P2X project producing green hydrogen and ammonia from renewables.
100 MW floating solar initiative for island power generation.
Strategies for developing renewable projects across multiple regions.
Funding Insights of Abraxas Power
Abraxas Power has successfully raised a total of $2.28M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.28 million completed in November 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $2.3M
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First Round
First Round
(18 Nov 2024)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2024 | Amount | Seed - Abraxas Power | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Abraxas Power
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Abraxas Power
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Abraxas Power Comparisons
Competitors of Abraxas Power
Abraxas Power operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as EverWind Fuels, Keystone XL, Bullfrog Power, Lyko Systems and TH Solar Wind Energy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Developer of green hydrogen and ammonia production facilities
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Creates innovative technologies for solar and wind energy projects to promote sustainable solutions.
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Green energy projects are developed by Bullfrog Power in Canada.
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Develops and manufactures off-grid hybrid generators for telecommunications and extreme environments.
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Provides solar and wind energy systems for heating, cooling, lighting, and electricity generation.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Abraxas Power
Frequently Asked Questions about Abraxas Power
When was Abraxas Power founded?
Abraxas Power was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is Abraxas Power located?
Abraxas Power is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is Abraxas Power a funded company?
Abraxas Power is a funded company, having raised a total of $2.28M across 1 funding round to date. The company's 1st funding round was a Seed of $2.28M, raised on Nov 18, 2024.
What does Abraxas Power do?
Abraxas Power was founded in 2023 and is based in Toronto, Canada. Operations center on the renewable energy sector, where solutions for decarbonizing hard-to-abate industries are developed. Proprietary technology is employed for green hydrogen and ammonia production, supporting the shift to low-carbon processes. The companys activities address energy challenges through sustainable methods in the global energy transition.
Who are the top competitors of Abraxas Power?
Abraxas Power's top competitors include Bullfrog Power, EverWind Fuels and Keystone XL.
What products or services does Abraxas Power offer?
Abraxas Power offers EVREC Project, Solar City, and Global Origination.
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