About Greengate Power
Greengate Power is a company based in Calgary (Canada) founded in 2007.. Greengate Power has raised $87.15 million across 4 funding rounds from investors including TD Securities, Fengate and NGEN Partners. The company has 16 employees as of December 31, 2024. Greengate Power offers products and services including Lathom Solar, Wheatland Wind, and Midnight Solar. Greengate Power operates in a competitive market with competitors including Acciona Energy, Boralex, InterEnergy Holdings, Maxim Power and Potentia Renewables, among others.
- Headquarter Calgary, Canada
- Employees 16 as on 31 Dec, 2024
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Greengate 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
$87.15 M (USD)
in 4 rounds
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Latest Funding Round
$78.2 M (USD), Series C
Apr 05, 2018
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Investors
TD Securities
& 4 more
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Employee Count
16
as on Dec 31, 2024
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Products & Services of Greengate Power
Greengate Power offers a comprehensive portfolio of products and services, including Lathom Solar, Wheatland Wind, and Midnight Solar. 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.
Up to 120 MW solar project for renewable energy generation.
120 MW wind project supplying sustainable power to grids.
Up to 530 MW solar project with battery storage for energy reliability.
Funding Insights of Greengate Power
Greengate Power has successfully raised a total of $87.15M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $78.2 million completed in April 2018. 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 4
- Last Round Series C — $78.2M
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First Round
First Round
(26 Mar 2010)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2018 | Amount | Series C - Greengate Power | Valuation |
investors |
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| Apr, 2011 | Amount | Series A - Greengate Power | Valuation |
investors |
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| Dec, 2010 | Amount | Series A - Greengate Power | Valuation |
investors |
| 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 |
Investors in Greengate Power
Greengate Power has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include TD Securities, Fengate and NGEN Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage startups across sectors are invested in by NGEN Partners.
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Founded Year | Domain | Location | |
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US focused VC firm
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Founded Year | Domain | Location | |
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Alternative investment manager focused on infrastructure, private equity, and real estate strategies in North America.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Greengate 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 - Greengate 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 |
Greengate Power Comparisons
Competitors of Greengate Power
Greengate 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 Acciona Energy, Boralex, InterEnergy Holdings, Maxim Power and Potentia Renewables, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Renewable energy is developed, constructed, and marketed globally.
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| domain | founded_year | HQ Location |
Developer of renewable energy projects
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| domain | founded_year | HQ Location |
Developer and Owner of Energy projects across Latin America and Caribbean
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| domain | founded_year | HQ Location |
Power projects are acquired, developed, and operated in energy sector.
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| domain | founded_year | HQ Location |
Wind farms and solar parks are developed and operated.
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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 Greengate Power
Frequently Asked Questions about Greengate Power
When was Greengate Power founded?
Greengate Power was founded in 2007 and raised its 1st funding round 3 years after it was founded.
Where is Greengate Power located?
Greengate Power is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
Who is the current CEO of Greengate Power?
Dan Balaban is the current CEO of Greengate Power.
Is Greengate Power a funded company?
Greengate Power is a funded company, having raised a total of $87.15M across 4 funding rounds to date. The company's 1st funding round was a Series A of $5.8M, raised on Mar 26, 2010.
How many employees does Greengate Power have?
As of Dec 31, 2024, the latest employee count at Greengate Power is 16.
What does Greengate Power do?
Greengate Power Corporation was founded in 2007 and is headquartered in Calgary, Canada. Wind energy projects are developed by the company within the renewable energy sector, focusing on Alberta. Wind farms are established, with operations centered on project development. As of October 2015, a total capacity of 1450 MW is under development in Alberta. Leadership is provided by CEO Dan Balaban.
Who are the top competitors of Greengate Power?
Greengate Power's top competitors include Acciona Energy, Boralex and InterEnergy Holdings.
What products or services does Greengate Power offer?
Greengate Power offers Lathom Solar, Wheatland Wind, and Midnight Solar.
Who are Greengate Power's investors?
Greengate Power has 5 investors. Key investors include TD Securities, Fengate, NGEN Partners, The Westly Group, and Jacob Securities Inc..