# Solace Power funding: rounds and investors

> Solace Power has raised $10M across 2 rounds since 2025. Investors include Atlantic Canada Opportunities Agency. Every round with its source.

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

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

# Who invested in *Solace Power*

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.

Automotive & EVs

Raised 8 months ago

Funding summary Updated 26 Oct 2026

**$10M** raised across 2 rounds since 2025, from 2 sources

**$7.2M** Venture **$2.9M** Debt

- **Latest round:** Debt, $2.9M Mar 2026
- **Biggest round:** $7.2M Venture · Jan 2025
- **Investors:** 1

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.

2025 2026

**$7.2M** Venture

**$2.9M** Debt

- **First round:** Venture, $7.2M
- **Biggest round:** $7.2M
- **Between rounds:** 14 months

## The rounds

- **Mar 2026** Debt **$2.9M** *1 returning* [Atlantic Canada Opportunities Agency](https://millionrounds.com/fund/atlantic-canada-opportunities-agency) Source recorded
- **Jan 2025** Venture **$7.2M** *1 new* [Atlantic Canada Opportunities Agency](https://millionrounds.com/fund/atlantic-canada-opportunities-agency) Source recorded SEC filing: $7.1M sold, first sale Dec 2023

## Founders and team

From Solace Power's own website: 15 on the team.

- **Neil Chaulk** CEO
- **Colin Ryan** COO & CFO
- **Howard Rideout** Senior VP Technology
- **John Beresford** VP Sales
- **Mark Snow** VP IP & Quality
- **Max Rahm** VP Compliance
- **Meghann Thorne** VP Finance
- **Bernard Ryan** Director of Software Development
- **Chamilla Liyanage** Senior Project Manager
- **Corina Sinyard** Senior Director of Product Development
- **Daniel Thorsen** Electrical Team Lead
- **Lesley Sparkes** Senior Director of Marketing
- **Marlayne Hardy** Director of Operations
- **Oihane Cereceda** Software Development Team Lead
- **Robert Cove** Director of Advanced Research

## Everyone who backed them

[Atlantic Canada Opportunities Agency](https://millionrounds.com/fund/atlantic-canada-opportunities-agency) VC firm **2** rounds

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

## Quick answers about Solace Power

### Who invested in Solace Power?

Solace Power's investors include Atlantic Canada Opportunities Agency.

### How much has Solace Power raised?

Solace Power has raised $10M across 2 rounds since 2025.

### When did Solace Power last raise?

Solace Power's most recent round was a Debt of $2.9M in Mar 2026.

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

Solace Power's largest round on record is $7.2M (Venture), in Jan 2025.

### Who backed Solace Power first?

Solace Power's first round on record, in Jan 2025, was backed by Atlantic Canada Opportunities Agency.

### What stage is Solace Power at?

Solace Power's latest named round is a Debt, in Mar 2026.

### Where is Solace Power based?

Solace Power is based in Canada.

## Companies like Solace Power

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

[**ChargeLab** $30M · Jul 2026](https://millionrounds.com/company/chargelab)[**Anchorbase** $2.0M · May 2026](https://millionrounds.com/company/anchorbase)[**A&K Robotics** $15M · Apr 2026](https://millionrounds.com/company/a-and-k-robotics)[**Plug'n Drive** $1.9M · Apr 2026](https://millionrounds.com/company/plug-n-drive)[**Waabi** $1.0B · Jan 2026](https://millionrounds.com/company/waabi)[**GBatteries** Jan 2026](https://millionrounds.com/company/gbatteries)

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