# Cordelio Power funding: rounds and investors

> Cordelio Power has raised $548M across 1 round since 2025. Investors include JP Morgan, Export Development Canada and JP Morgan Chase.

Source: https://millionrounds.com/company/cordelio-power (Millionrounds; every figure on the page links to its filing or article)

Canada · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Cordelio Power*

One round we have observed, with the 7 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Energy

Raised 12 months ago

Funding summary Updated 26 Oct 2026

**$548M** raised across 1 round since 2025, from 1 source

- **Latest round:** Debt, $548M Nov 2025
- **Investors:** 7

See who backed them

## The rounds

- **Nov 2025** Debt **$548M** [JP Morgan](https://millionrounds.com/fund/jpmorgan) [Export Development Canada](https://millionrounds.com/fund/export-development-canada) [JP Morgan Chase](https://millionrounds.com/fund/j-p-morgan-chase) [Rabobank](https://millionrounds.com/fund/rabobank) [National Bank of Canada](https://millionrounds.com/fund/national-bank-of-canada) [Bank of Montreal (BMO)](https://millionrounds.com/fund/bmo-financial-group) [Royal Bank of Canada](https://millionrounds.com/fund/royal-bank-of-canada) Source recorded

## Founders and team

From Cordelio Power's own website: 16 on the team.

- **Hunter Armistead** Chief Executive Officer
- **Kristina Lund** President
- **Eric Daly** VP & CFO, Operations
- **Cary Kottler** Chief Development Officer
- **Christian Hackett** Chief Investment Officer
- **Hari Chandrasekaran** SVP, Chief Technology Officer
- **Kimberly Glasspool** Chief Legal Officer
- **Matthew Rhodes** Chief Financial Officer
- **Prat Sundar** Chief People Officer
- **Walter Pinto** Chief Operating Officer
- **Alex Benetti** VP, Commercial Optimization & Market Operations
- **Jonathon Glueck** VP, Corporate Finance
- **Kevin Wetzel** VP, Business Development
- **Mike Conrad** VP, Strategy
- **Ryan Pierce** VP, Field Operations
- **Steve Caminati** VP, Government & Regulatory Affairs

## Everyone who backed them

[JP Morgan](https://millionrounds.com/fund/jpmorgan) Investment bank **1** round

[Export Development Canada](https://millionrounds.com/fund/export-development-canada) Government **1** round

[JP Morgan Chase](https://millionrounds.com/fund/j-p-morgan-chase) Corporate VC **1** round

[Rabobank](https://millionrounds.com/fund/rabobank) Corporate VC **1** round

[National Bank of Canada](https://millionrounds.com/fund/national-bank-of-canada) Private equity **1** round

[Bank of Montreal (BMO)](https://millionrounds.com/fund/bmo-financial-group) Corporate VC **1** round

[Royal Bank of Canada](https://millionrounds.com/fund/royal-bank-of-canada) Growth equity **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=cordelio-power).

## Quick answers about Cordelio Power

### Who invested in Cordelio Power?

Cordelio Power's investors include JP Morgan, Export Development Canada, JP Morgan Chase, Rabobank and National Bank of Canada, and 2 more on record.

### How much has Cordelio Power raised?

Cordelio Power has raised $548M across 1 round since 2025.

### When did Cordelio Power last raise?

Cordelio Power's most recent round was a Debt of $548M in Nov 2025.

### What was Cordelio Power's biggest round?

Its most recent round, $548M in Nov 2025, is also its largest on record.

### Who backed Cordelio Power first?

Cordelio Power's first round on record, in Nov 2025, was backed by JP Morgan, Export Development Canada and JP Morgan Chase and 4 others.

### What stage is Cordelio Power at?

Cordelio Power's latest named round is a Debt, in Nov 2025.

### Where is Cordelio Power based?

Cordelio Power is based in Canada.

## Companies like Cordelio Power

In the same sector, and raised in the last eighteen months.

[**Kanin Energy** $100M · Sept 2026](https://millionrounds.com/company/kanin-energy)[**Summit Nanotech** $3.0M · Sept 2026](https://millionrounds.com/company/summit-nanotech)[**General Fusion** $241M · Jul 2026](https://millionrounds.com/company/general-fusion)[**NORAM Electrolysis Systems Inc** $4.0M · Jun 2026](https://millionrounds.com/company/noram-electrolysis-systems-inc)[**Foremost Clean Energy** $35K · Jun 2026](https://millionrounds.com/company/foremost-clean-energy)[**Full Circle Lithium** $3.5M · Jun 2026](https://millionrounds.com/company/full-circle-lithium)

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