Diligence memo · auto-generated · as of July 3, 2026
Trion Battery Technologies Inc.
Trion Battery Technologies Inc. looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Trion Battery Technologies Inc. operates in Climate / Cleantech, based in CALGARY.
Sub-sector tags: climate/cleantech.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Trion Battery Technologies Inc. has raised $11M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $11M on 2022-04-11.
Most recent recorded round closed around 2022-04-11.
Valuation (modeled)modeled
Provath models Trion Battery Technologies Inc. at approximately $125M (range $14M–$453M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: 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.
Financing rhythm & timingmixed
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.
Comparablesmixed
Capital scale ranks ahead of 77% of Climate / Cleantech peers (207 compared).
Modeled value ranks above 80% of those peers.
Closest niche peers: Climate Club Holdings Pbc, WATT, Climate Action Reserve LLC, Wren Climate, PBC, GreenCharge.
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.