About Hydrostor
Hydrostor is a company based in Toronto (Canada) founded in 2010 by Cameron Lewis and Curtis Vanwalleghem.. Hydrostor has raised $614.85 million across 11 funding rounds from investors including Goldman Sachs, CPP Investments and BDC. Hydrostor offers products and services including A-CAES Technology. Hydrostor operates in a competitive market with competitors including Form Energy, Ambri, Verkor, Northvolt and Cheesecake Energy, among others.
- Headquarter Toronto, Canada
- Founders Cameron Lewis, Curtis Vanwalleghem
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$614.85 M (USD)
in 11 rounds
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Latest Funding Round
$200 M (USD), Series D
Feb 13, 2025
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Investors
Goldman Sachs
& 11 more
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Employee Count
Employee Count
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Products & Services of Hydrostor
Hydrostor offers a comprehensive portfolio of products and services, including A-CAES Technology. 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.
Provides long duration storage using compressed air and caverns
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Software Development Team
6 people
Product Management Team
5 people
Board Team
4 people
Leadership Team
4 people
Finance and Accounting
4 people
Chairman Team
1 people
Human Resources and Administration
1 people
Data Analysis and Operations Team
1 people
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Funding Insights of Hydrostor
Hydrostor has successfully raised a total of $614.85M across 11 strategic funding rounds. The most recent funding activity was a Series D round of $200 million completed in February 2025. 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 11
- Last Round Series D — $200.0M
- First Round First Round
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2025 | Amount | Series D - Hydrostor | Valuation |
investors |
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| Oct, 2024 | Amount | Series D - Hydrostor | Valuation |
investors |
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| Dec, 2023 | Amount | Series D - Hydrostor | 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 |
Investors in Hydrostor
Hydrostor has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Goldman Sachs, CPP Investments and BDC. 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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A fund focused on catalyzing private investments in Canadian projects.
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Founded Year | Domain | Location | |
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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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 Hydrostor
| 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 - Hydrostor
| 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 |
Hydrostor Comparisons
Competitors of Hydrostor
Hydrostor 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 Form Energy, Ambri, Verkor, Northvolt and Cheesecake 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Iron-air energy storage systems are developed for renewable energy projects.
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| domain | founded_year | HQ Location |
Liquid metal batteries are provided for long-duration energy storage.
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| domain | founded_year | HQ Location |
Lithium-ion batteries are manufactured for electric vehicles and storage.
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| domain | founded_year | HQ Location |
Lithium-ion batteries for electric vehicles are manufactured and optimized.
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| domain | founded_year | HQ Location |
Solutions for compressed air energy storage systems are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Hydrostor
Frequently Asked Questions about Hydrostor
When was Hydrostor founded?
Hydrostor was founded in 2010 and raised its 1st funding round 6 years after it was founded.
Where is Hydrostor located?
Hydrostor is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Hydrostor?
Esther Pinto is the current CEO of Hydrostor.
Is Hydrostor a funded company?
Hydrostor is a funded company, having raised a total of $614.85M across 11 funding rounds to date. The company's 1st funding round was a Series D of $40M, raised on Nov 16, 2016.
What does Hydrostor do?
Founded in 2010 and based in Toronto, Canada, Hydrostor operates in the energy storage sector. Electricity is converted into compressed air, which is stored under pressure in underwater accumulators. Water is displaced during storage, and the process is reversed when power is required, allowing water pressure to drive air back to the surface and generate electricity through turbines. Operations focus on grid-scale energy solutions across North America.
Who are the top competitors of Hydrostor?
Hydrostor's top competitors include Form Energy, Northvolt and Ambri.
What products or services does Hydrostor offer?
Hydrostor offers A-CAES Technology.
Who are Hydrostor's investors?
Hydrostor has 12 investors. Key investors include Goldman Sachs, CPP Investments, BDC, Goldman Sachs Asset Management, and Canada Growth Fund.
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