Diligence memo · auto-generated · as of July 2, 2026
Hy-Drive Technologies Ltd
Hy-Drive Technologies Ltd looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Hy-Drive Technologies Ltd operates in Energy Conservation, based in Mississauga.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Hy-Drive Technologies Ltd has raised $3.8M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $3.8M on 2010-05-19.
Most recent recorded round closed around 2010-05-19.
Valuation (modeled)modeled
Provath models Hy-Drive Technologies Ltd at approximately $103M (range $3.1M–$805M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 2.19× the median modeled value of Seed Energy Conservation companies in 2010–2012 (24 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 16.1 yr ago; this sector typically re-raises about every 11 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 59% of Energy Conservation peers (254 compared).
Modeled value ranks above 82% of those peers.
Closest niche peers: Efficient Energy America, Inc., Ney-Li Funding Corp Llc, PlotWatt, Inc., Gridway Energy Holdings, Inc., Athena Global Energy Solutions, Inc..
Peoplefiled
8 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.