Canada · Growth startup

Who invested in Ballard Power Systems

2 rounds we have observed, with the one investor named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Cleantech

Funding summaryUpdated 26 Oct 2026

$13Mraised across 2 rounds since 2010, from 2 sources

$4.8MGrant$7.7MGrowth
Latest round
Growth, $7.7MAug 2012
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Investors
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See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

201020112012
$4.8MGrant$7.7MGrowth
First round
Grant, $4.8M
Jan 2010
Biggest round
$7.7M
Growth · Aug 2012
Between rounds
2.5 years
from the last two

The rounds

  1. Aug 2012
    Growth$7.7M

    No investor was named in the report.

    Reported by sec.govSEC filing: $7.7M sold, first sale Aug 2012

  2. Jan 2010
    Grant$4.8M1 new

    Reported by fis.dowjones.com

Founders and team

From Ballard Power Systems's own website: 9 on the team.

  • Camilla CarsonSenior Vice President, Strategy & Chief Marketing Officer
  • Theo ElmerSenior Vice President, Chief Technology Officer, Systems
  • Marty NeeseChief Executive Officer
  • Andrew CunninghamPresident
  • Doug HayhurstCorporate Director
  • Hubertus M. MühlhäuserPeople & Compensation Committee Chair
  • Jacqueline DedoNominating & Governance Committee Chair
  • Jim RocheChair
  • Kathleen BaylessAudit Committee Chair

Everyone who backed them

Canadian GovernmentVC firm1round

Missing a round, or an investor who was in one? Tell us.

Quick answers about Ballard Power Systems

Who invested in Ballard Power Systems?

Ballard Power Systems's investors include Canadian Government.

How much has Ballard Power Systems raised?

Ballard Power Systems has raised $13M across 2 rounds since 2010.

When did Ballard Power Systems last raise?

Ballard Power Systems's most recent round was a Growth of $7.7M in Aug 2012.

What was Ballard Power Systems's biggest round?

Its most recent round, $7.7M in Aug 2012, is also its largest on record.

Who backed Ballard Power Systems first?

Ballard Power Systems's first round on record, in Jan 2010, was backed by Canadian Government.

What stage is Ballard Power Systems at?

Ballard Power Systems's latest named round is a Growth, in Aug 2012.

Where is Ballard Power Systems based?

Ballard Power Systems is based in Canada.

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