Companies · Climate / Cleantech

Trion Battery Technologies Inc.

CALGARY · Climate / Cleantech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Trion Battery Technologies Inc. — recommendation, valuation, rhythm, risks.
$11.1M
Total raised · real
1
Rounds
Latest step-up
Top 24%
Sector rank · raised
Series A
Latest stage · inferred · Mon Apr 11 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Trion Battery Technologies Inc. looks over-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the climate/enviro sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Over-valued
  • Modeled value is 1.96× the median modeled value of Series A Climate / Cleantech companies in 2022–2024 (15 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.2 yr ago; this sector typically re-raises about every 9 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Climate / Cleantech

Trion Battery Technologies Inc. is one of 207 Climate / Cleantech companies tracked from CALGARY. By capital raised it ranks in the upper tier (ahead of 77% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

climate/cleantech

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
60
Investors (latest)
2020
Year incorporated
2022-04-11
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$50M$100M$150M$200MSeries A · 2022-04-11 Raised $11M (real) Modeled valuation $125M (est)$11M$125MSeries A2022

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series A$11.1M · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$125.3M
Base estimate est.
$13.9M
Conservative case
$452.1M
Upside case
$50.4M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the climate/enviro sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
51%
Survival probability
28% low · 69% high
1.46×/yr
Annual markup
1.84×/yr upside case
4.2 yr
Elapsed time used
4.2 yr actual, capped for stale marks
climate/enviro
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
4.2 yr
On record since
2022
First round
1
Rounds on file
How it compares to the market

Benchmarked against 207 companies in Climate / Cleantech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 1.4× above median
This company$11.1M
Sector median$8.1M
Latest round — vs other Series A rounds in sector (real $, this stage) 1.5× above median
This company$11.1M
Sector median$7.5M
Modeled value — vs sector median (estimate, all stages) 2.1× above median
This company$125.3M
Sector median$59.7M

Raised more than 77% of sector peers (real $). Modeled value above 80% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #1 of 15.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Climate Club Holdings Pbc · Series A Raised $9.6M · modeled $95.8M (est)WATT · Series A Raised $13.0M · modeled $83.9M (est)Climate Action Reserve LLC · Series A Raised $8.8M · modeled $82.4M (est)Wren Climate, PBC · Series A Raised $6.6M · modeled $81.2M (est)GreenCharge · Series A Raised $15.0M · modeled $78.3M (est)ES Solar Holdings, LLC · Series A Raised $9.7M · modeled $70.1M (est)Prieto Battery, Inc. · Series A Raised $31.8M · modeled $63.9M (est)SoundBoks, Inc. · Series A Raised $8.6M · modeled $63.0M (est)Smart Green Solar Inc. · Series A Raised $10.0M · modeled $56.5M (est)Trillium Renewable Chemicals, Inc. · Series A Raised $18.3M · modeled $47.8M (est)autarc Inc. · Series A Raised $8.8M · modeled $36.4M (est)Trion Battery Technologies Inc. (this company) Raised $11.1M · modeled $125.3M (est)Trion Battery Technologies Inc.
CompanyStageRaised · realValue · estvs peer med.
Trion Battery Technologies Inc. this companySeries A$11.1M$125.3M1.96×
Climate Club Holdings PbcSeries A$9.6M$95.8M1.50×
WATTSeries A$13.0M$83.9M1.31×
Climate Action Reserve LLCSeries A$8.8M$82.4M1.29×
Wren Climate, PBCSeries A$6.6M$81.2M1.27×
GreenChargeSeries A$15.0M$78.3M1.23×
ES Solar Holdings, LLCSeries A$9.7M$70.1M1.10×
Prieto Battery, Inc.Series A$31.8M$63.9M1.00×
SoundBoks, Inc.Series A$8.6M$63.0M0.99×
Smart Green Solar Inc.Series A$10.0M$56.5M0.88×
Trillium Renewable Chemicals, Inc.Series A$18.3M$47.8M0.75×
autarc Inc.Series A$8.8M$36.4M0.57×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series A$11.1M2022-04-11$50.4M$125.3M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series A$11.1M2022-04-11
    • First recorded raise — entered as Series A.
    • 60 investors on this round.
Intelligence
Modeled next raise
$17.7M
Modeled next size est.range $11.5M$28.4M
Last step-up
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Mark Smith27 other2022-04
Eric Leslie2 other2022-04
Edward Buiel1 other2022-04
Jeffrey Milne1 other2022-04
Barry Herring2022-04
Brian Humphry2022-04
Dan Huras2022-04
Timothy Mayne2022-04
Registry & provenance

Trion Battery Technologies Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1924827
SEC CIK
2020
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Trion Energy Solutions Corp.Energy / ClimateSeed$2.9M$16.5Mnetwork3 shared operators
Heimdal Inc.Climate / CleantechSeries A$10.8M$141.0Msame sector · same stage
Avalon Battery CorpClimate / CleantechSeries A$10.3M$133.1Msame sector · same stage
Smart Green Solar Inc.Climate / CleantechSeries A$10.0M$56.5Msame sector · same stage
SolarClimate / CleantechSeries A$12.4M$275.1Msame sector · same stage
FenixClimate / CleantechSeries A$12.6M$278.4Msame sector · same stage
ES Solar Holdings, LLCClimate / CleantechSeries A$9.7M$70.1Msame sector · same stage
Climate Club Holdings PbcClimate / CleantechSeries A$9.6M$95.8Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Trion Energy Solutions Corp.Energy / ClimateSeed$16.5M90%
Battery Metals, Inc.Climate / CleantechSeries A$18.2M88%
Avalon Battery CorpClimate / CleantechSeries A$133.1M88%
Battery X Metals Inc.Climate / CleantechPre-Seed$210K87%
Trinary Solar Group III LLCOther EnergySeries A$52.4M86%
Surge Battery Metals Inc.Climate / CleantechPre-Seed$666K86%
International Battery Company, Inc.Other EnergySeries B$108.8M86%
Battery Electron Transport Associates, Inc.Climate / CleantechPre-Seed$2.6M86%
Frequently asked
How much funding has Trion Battery Technologies Inc. raised?
Trion Battery Technologies Inc. has raised approximately $11.1M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Trion Battery Technologies Inc.'s estimated valuation?
Provath's modeled valuation for Trion Battery Technologies Inc. is approximately $125.3M (modeled range $13.9M–$452.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Trion Battery Technologies Inc. at?
Trion Battery Technologies Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Mon Apr 11.
What does Trion Battery Technologies Inc. do and where is it based?
Trion Battery Technologies Inc. operates in the Climate / Cleantech sector, based in CALGARY.
Explore related

See where Trion Battery Technologies Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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