TROES valuation, funding and investors
TROES works in battery energy storage system manufacturing, based in Markham, Canada. Founded in 2018, it has about 23 employees.
- Last round
- Seed · $1.00M · Mar 2021
- Valuation at last round
- $5.56M · implied
- Headcount
- 23 · down
- Grade
- D
- Founded
- 2018
TROES valuation today
VCMC values TROES at $5.25M today, with a range of $0.41M to $22.9M and a grade of D. The valuation starts from its last funding round, a seed round in Mar 2021.
Valuation by date (108 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2018 | $9.63M | $3.51M – $26.5M | $13.2M (+37%) | before first round | – | unknown | D | 0% |
| 1 Feb 2018 | $9.89M | $3.60M – $27.2M | $13.6M (+37%) | before first round | – | unknown | D | 0% |
| 1 Mar 2018 | $10.1M | $3.69M – $27.8M | $13.9M (+37%) | before first round | – | unknown | D | 0% |
| 1 Apr 2018 | $10.4M | $3.79M – $28.6M | $14.3M (+37%) | before first round | – | unknown | D | 0% |
| 1 May 2018 | $10.7M | $3.89M – $29.3M | $14.6M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jun 2018 | $11.0M | $3.99M – $30.1M | $15.0M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jul 2018 | $11.3M | $4.10M – $30.9M | $15.4M (+37%) | before first round | – | unknown | D | 0% |
| 1 Aug 2018 | $11.6M | $4.21M – $31.8M | $15.6M (+35%) | before first round | – | unknown | D | 0% |
| 1 Sep 2018 | $11.9M | $4.33M – $32.6M | $15.7M (+32%) | before first round | – | unknown | D | 0% |
| 1 Oct 2018 | $12.2M | $4.44M – $33.5M | $15.9M (+30%) | before first round | – | unknown | D | 0% |
| 1 Nov 2018 | $12.5M | $4.56M – $34.4M | $16.0M (+28%) | before first round | – | unknown | D | 0% |
| 1 Dec 2018 | $12.9M | $4.68M – $35.3M | $16.2M (+26%) | before first round | – | unknown | D | 0% |
| 1 Jan 2019 | $13.2M | $4.81M – $36.3M | $16.3M (+24%) | before first round | – | unknown | D | 0% |
| 1 Feb 2019 | $13.6M | $4.94M – $37.3M | $16.5M (+21%) | before first round | – | unknown | D | 0% |
| 1 Mar 2019 | $13.9M | $5.06M – $38.2M | $16.6M (+19%) | before first round | – | unknown | D | 0% |
| 1 Apr 2019 | $14.3M | $5.20M – $39.2M | $16.8M (+17%) | before first round | – | unknown | D | 0% |
| 1 May 2019 | $14.6M | $5.33M – $40.2M | $16.9M (+15%) | before first round | – | unknown | D | 0% |
| 1 Jun 2019 | $15.0M | $5.48M – $41.3M | $17.1M (+13%) | before first round | – | unknown | D | 0% |
| 1 Jul 2019 | $15.4M | $5.62M – $42.4M | $17.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2019 | $15.6M | $5.68M – $42.8M | $17.4M (+11%) | before first round | – | unknown | D | 0% |
| 1 Sep 2019 | $15.7M | $5.73M – $43.2M | $17.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Oct 2019 | $15.9M | $5.78M – $43.6M | $17.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 Nov 2019 | $16.0M | $5.83M – $44.0M | $17.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Dec 2019 | $16.2M | $5.89M – $44.4M | $18.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jan 2020 | $16.3M | $5.94M – $44.8M | $18.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Feb 2020 | $16.5M | $5.99M – $45.2M | $18.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Mar 2020 | $16.6M | $6.05M – $45.6M | $18.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Apr 2020 | $16.8M | $6.10M – $46.0M | $18.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 May 2020 | $16.9M | $6.16M – $46.4M | $18.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jun 2020 | $17.1M | $6.21M – $46.9M | $19.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jul 2020 | $17.2M | $6.27M – $47.3M | $19.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2020 | $17.4M | $6.33M – $47.7M | $19.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Sep 2020 | $17.5M | $6.38M – $48.2M | $19.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Oct 2020 | $17.7M | $6.44M – $48.6M | $19.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 Nov 2020 | $17.9M | $6.50M – $49.0M | $19.9M (+11%) | before first round | – | unknown | D | 0% |
| 1 Dec 2020 | $18.0M | $6.56M – $49.5M | $20.1M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jan 2021 | $17.8M | $6.47M – $48.9M | $19.8M (+11%) | before first round | 14 | unknown | D | 0% |
| 1 Feb 2021 | $17.9M | $6.53M – $49.3M | $20.0M (+11%) | before first round | 14 | unknown | D | 0% |
| 1 Mar 2021 | $5.56M | $3.65M – $16.9M | $11.1M (+100%) | after a round | 14 | unknown | C | 0% |
| 2 Mar 2021 | $5.57M | $3.65M – $16.9M | $11.1M (+100%) | after a round | 14 | unknown | C | 0% |
| 1 Apr 2021 | $5.89M | $3.65M – $16.9M | $11.1M (+89%) | after a round | 14 | flat | C | 0% |
| 1 May 2021 | $6.24M | $3.65M – $16.9M | $11.1M (+78%) | after a round | 14 | flat | C | 0% |
| 1 Jun 2021 | $6.62M | $3.65M – $16.9M | $11.1M (+68%) | after a round | 14 | flat | C | 0% |
| 1 Jul 2021 | $7.00M | $3.65M – $16.9M | $11.1M (+59%) | after a round | 14 | flat | C | 0% |
| 1 Aug 2021 | $7.43M | $3.65M – $16.9M | $11.1M (+50%) | after a round | 14 | flat | C | 0% |
| 1 Sep 2021 | $7.88M | $3.65M – $16.9M | $11.1M (+41%) | after a round | 14 | flat | C | 0% |
| 1 Oct 2021 | $8.34M | $3.65M – $16.9M | $11.1M (+33%) | after a round | 14 | flat | C | 0% |
| 1 Nov 2021 | $8.84M | $3.65M – $16.9M | $11.1M (+26%) | after a round | 14 | flat | C | 0% |
| 1 Dec 2021 | $9.36M | $3.65M – $16.9M | $11.1M (+19%) | after a round | 14 | flat | C | 0% |
| 1 Jan 2022 | $9.93M | $3.65M – $16.9M | $11.1M (+12%) | after a round | 14 | flat | C | 0% |
| 1 Feb 2022 | $10.5M | $3.65M – $16.9M | $11.1M (+6%) | after a round | 14 | flat | C | 0% |
| 1 Mar 2022 | $11.1M | $3.65M – $16.9M | $11.1M (0%) | after a round | 14 | flat | C | 0% |
| 1 Apr 2022 | $12.1M | $4.01M – $18.5M | $12.1M (0%) | after a round | 21 | growing | C | 0% |
| 1 May 2022 | $12.1M | $4.03M – $18.5M | $12.1M (0%) | after a round | 21 | growing | C | 0% |
| 1 Jun 2022 | $12.1M | $4.04M – $18.5M | $12.1M (0%) | after a round | 21 | growing | C | 0% |
| 1 Jul 2022 | $12.1M | $4.06M – $18.5M | $12.1M (0%) | after a round | 21 | growing | C | 0% |
| 1 Aug 2022 | $12.1M | $4.08M – $18.5M | $12.1M (0%) | after a round | 21 | growing | C | 0% |
| 1 Sep 2022 | $12.1M | $4.10M – $18.5M | $12.1M (0%) | after a round | 21 | growing | C | 0% |
| 1 Oct 2022 | $12.1M | $4.11M – $18.5M | $12.1M (0%) | after a round | 21 | growing | C | 0% |
| 1 Nov 2022 | $12.1M | $2.67M – $18.5M | $12.1M (0%) | after a round | 21 | unknown | C | 0% |
| 1 Dec 2022 | $12.1M | $2.54M – $18.5M | $12.1M (0%) | after a round | 21 | unknown | C | 0% |
| 1 Jan 2023 | $4.53M | $2.31M – $11.7M | $2.79M (-38%) | after a round | 17 | down | C | 97% |
| 1 Feb 2023 | $4.41M | $2.19M – $12.0M | $2.70M (-39%) | after a round | 17 | down | C | 97% |
| 1 Mar 2023 | $4.31M | $2.09M – $12.3M | $2.61M (-39%) | after a round | 17 | down | C | 97% |
| 1 Apr 2023 | $3.80M | $1.99M – $9.59M | $2.50M (-34%) | after a round | 17 | down | C | 97% |
| 1 May 2023 | $3.67M | $1.89M – $9.64M | $2.40M (-35%) | after a round | 17 | down | C | 97% |
| 1 Jun 2023 | $3.55M | $1.80M – $9.69M | $2.31M (-35%) | after a round | 17 | down | C | 97% |
| 1 Jul 2023 | $3.43M | $1.71M – $9.73M | $2.22M (-35%) | after a round | 17 | down | C | 97% |
| 1 Aug 2023 | $3.31M | $1.63M – $9.78M | $2.13M (-36%) | after a round | 17 | down | C | 97% |
| 1 Sep 2023 | $3.20M | $1.55M – $9.83M | $2.04M (-36%) | after a round | 17 | down | C | 97% |
| 1 Oct 2023 | $3.09M | $1.47M – $9.87M | $1.97M (-36%) | after a round | 17 | down | C | 97% |
| 1 Nov 2023 | $3.33M | $1.40M – $10.4M | $2.19M (-34%) | after a round | 17 | unknown | D | 89% |
| 1 Dec 2023 | $3.58M | $1.33M – $10.9M | $2.42M (-32%) | after a round | 17 | unknown | D | 82% |
| 1 Jan 2024 | $3.82M | $1.27M – $11.4M | $2.66M (-31%) | after a round | 17 | unknown | D | 76% |
| 1 Feb 2024 | $4.51M | $1.83M – $13.1M | $3.21M (-29%) | after a round | 27 | growing | C | 70% |
| 1 Mar 2024 | $4.75M | $1.87M – $13.3M | $3.75M (-21%) | after a round | 26 | growing | C | 64% |
| 1 Apr 2024 | $5.01M | $1.90M – $13.6M | $4.04M (-19%) | after a round | 26 | growing | C | 59% |
| 1 May 2024 | $5.29M | $1.93M – $13.9M | $4.34M (-18%) | after a round | 26 | growing | C | 54% |
| 1 Jun 2024 | $5.56M | $1.96M – $14.1M | $4.64M (-16%) | after a round | 26 | growing | C | 50% |
| 1 Jul 2024 | $5.83M | $1.99M – $14.4M | $4.94M (-15%) | after a round | 26 | growing | C | 46% |
| 1 Aug 2024 | $4.67M | $0.96M – $12.9M | $3.66M (-22%) | after a round | 24 | down | D | 55% |
| 1 Sep 2024 | $4.55M | $0.91M – $12.8M | $3.57M (-21%) | after a round | 24 | down | D | 55% |
| 1 Oct 2024 | $4.43M | $0.87M – $12.6M | $3.49M (-21%) | after a round | 24 | down | D | 55% |
| 1 Nov 2024 | $4.79M | $0.85M – $13.1M | $3.82M (-20%) | after a round | 27 | flat | D | 51% |
| 1 Dec 2024 | $5.04M | $0.81M – $13.3M | $4.06M (-19%) | after a round | 27 | flat | D | 47% |
| 1 Jan 2025 | $5.28M | $0.77M – $13.5M | $4.30M (-19%) | after a round | 27 | flat | D | 43% |
| 1 Feb 2025 | $5.51M | $0.73M – $13.7M | $4.60M (-17%) | after a round | 27 | flat | D | 40% |
| 1 Mar 2025 | $6.00M | $0.70M – $15.7M | $4.89M (-18%) | after a round | 27 | flat | D | 36% |
| 1 Apr 2025 | $6.21M | $0.66M – $15.7M | $5.17M (-17%) | after a round | 27 | flat | D | 34% |
| 1 May 2025 | $6.41M | $0.63M – $15.7M | $5.44M (-15%) | after a round | 27 | flat | D | 31% |
| 1 Jun 2025 | $6.60M | $0.60M – $15.7M | $5.69M (-14%) | after a round | 27 | flat | D | 28% |
| 1 Jul 2025 | $6.72M | $0.57M – $15.6M | $5.88M (-13%) | after a round | 26 | flat | D | 26% |
| 1 Aug 2025 | $6.51M | $0.53M – $15.2M | $5.75M (-12%) | after a round | 24 | down | D | 26% |
| 1 Sep 2025 | $6.68M | $0.50M – $15.2M | $5.97M (-11%) | after a round | 24 | flat | D | 24% |
| 1 Oct 2025 | $6.90M | $0.48M – $15.3M | $6.22M (-10%) | after a round | 25 | flat | D | 22% |
| 1 Nov 2025 | $6.30M | $0.45M – $14.7M | $5.73M (-9%) | after a round | 23 | flat | D | 25% |
| 1 Dec 2025 | $6.20M | $0.43M – $14.6M | $5.70M (-8%) | after a round | 23 | flat | D | 25% |
| 1 Jan 2026 | $6.10M | $0.41M – $14.5M | $5.66M (-7%) | after a round | 23 | flat | D | 25% |
| 1 Feb 2026 | $6.06M | $0.41M – $14.4M | $5.62M (-7%) | after a round | 23 | flat | D | 25% |
| 1 Mar 2026 | $1.32M | $0.40M – $11.3M | $1.31M (0%) | after a round | 22 | down | D | 97% |
| 1 Apr 2026 | $1.31M | $0.40M – $11.3M | $1.51M (+15%) | after a round | 22 | down | D | 97% |
| 1 May 2026 | $1.33M | $0.41M – $11.4M | $1.52M (+15%) | after a round | 23 | down | D | 97% |
| 1 Jun 2026 | $1.56M | $0.41M – $11.7M | $1.76M (+13%) | after a round | 23 | down | D | 89% |
| 1 Jul 2026 | $1.80M | $0.41M – $11.9M | $2.00M (+11%) | after a round | 23 | down | D | 82% |
| 1 Aug 2026 | $2.06M | $0.41M – $12.1M | $2.24M (+9%) | after a round | 23 | down | D | 76% |
| 1 Sep 2026 | $2.33M | $0.41M – $12.3M | $2.50M (+7%) | after a round | 23 | down | D | 70% |
| 1 Oct 2026 | $2.60M | $0.41M – $12.4M | $2.75M (+6%) | after a round | 23 | down | D | 64% |
| 24 Oct 2026 | $5.25M | $0.41M – $22.9M | $5.37M (+2%) | after a round | 23 | down | D | 59% |
Key facts about TROES
- Founded
- 2018
- Headquarters
- Markham, Canada
- Employees
- about 23 -8% in a year
- Total raised
- $1.0M
- Funding rounds
- 1
- Last round
- Seed Mar 2021
TROES was founded in 2018 by Vienna Zhou.
TROES funding history
TROES has 1 funding round on record, from Mar 2021 to Mar 2021, $1.0M in total. None disclosed a valuation.
Seed 1 Mar 2021
Led by Texas-based family office, York Angel Investor Group; with Artesian, Hyde Park Angels, LAUNCHub, OPEN, New Brunswick Innovation Foundation, Golden properties, BDC.
Sources: troescorp.com
$1.0M
TROES investors
9 investors have backed TROES; Texas-based family office and York Angel Investor Group led at least one round.
- Texas-based family office lead
- York Angel Investor Group lead
- BDC
- Golden properties
- LAUNCHub
What TROES does
TROES works in batteries, with 14 recorded offerings and customers in energy, renewable energy, commercial and industrial.
TROES Corp. is a Canadian company engaged in the development, design, manufacturing, and delivery of modular battery energy storage systems and microgrid solutions. The company provides turn-key microgrid systems, battery energy storage solutions, and related software and services, including system sizing, simulation, design, assembly, integration, software licensing, on-site service, decommissioning, recycling, and augmentation. TROES serves commercial, industrial, institutional, and community clients in Canada, the United States, the United Kingdom, and Latin America, and is involved in the integration of renewable energy and the reduction of diesel usage in off-grid projects. The company is woman-owned and holds multiple patents.
Description from Veridion's company data.
Products and services
- Battery Energy Storage System Manufacturing
- Modular Battery Storage Solution Integration
- Microgrid Solution Design and Deployment
- Microgrid Controller and Optimizer Integration
- Cloud-Based Energy Management Software Development
- Energy Storage System Sizing and Simulation Services
- Energy Storage System Assembly and Integration
- Energy Storage System Decommissioning and Recycling
- Renewable Energy Integration Services
- Diesel-Free Microgrid Conversion Services
- Tailored Energy Storage Solution Development
- Energy Storage System Augmentation Services
- Sustainable Energy Project Consulting
- Energy Storage Software Licensing Services
Markets
- Energy
- Renewable Energy
- Commercial
- Industrial
- Institutional
- Community
Technology
- Proprietary Battery Energy Storage Architecture
- Proprietary Battery Management Systems
- Cloud-Based Energy Storage System Management
- Advanced Controllers and Optimizers for Microgrids
Business model
- Business-to-Business
- Business-to-Consumer
- Service Provider
- Manufacturing
- Enterprise
- Licensing
Industry codes (NAICS)
- 335910 Battery Manufacturing 50% match
- 541512 Computer Systems Design Services 20% match
- 811210 Electronic and Precision Equipment Repair and Maintenance 15% match
- 562920 Materials Recovery Facilities 15% match
Questions about TROES
What is TROES worth?
Valuation $5.25M (range $0.41M to $22.9M), as of 24 Oct 2026.
Has TROES raised money?
TROES has 1 funding round on record, from Mar 2021 to Mar 2021, $1.0M in total. None disclosed a valuation.
Who has invested in TROES?
Texas-based family office, York Angel Investor Group, Artesian, BDC, Golden properties and Hyde Park Angels, and 3 more. Lead investors include Texas-based family office and York Angel Investor Group.
How many people work at TROES?
About 23, down 8% over the last year. Headcount rose from 14 in Jan 2021 to 27 in Feb 2024, then fell to 23 in Sep 2026.
What does TROES do?
TROES works in batteries, with 14 recorded offerings and customers in energy, renewable energy, commercial and industrial. Its main offerings are battery energy storage system manufacturing, modular battery storage solution integration and microgrid solution design and deployment.
When was TROES founded, and where is it based?
TROES was founded in 2018 and is based in Markham, Canada. It has about 23 employees, down 8% over the last year.