Top list · Toronto-Waterloo

Energy startups in Toronto-Waterloo

15 energy startups in Toronto-Waterloo have raised money in rounds we track. These are the 15 that have raised the most, $2.7B between them.

$2.7Braised by these 15
15on our record in all
Aypa Powerraised the most
  1. 1Aypa PowerAypa Power builds, owns, and manages large-scale renewable energy projects to enhance grid stability and reduce dependency on fossil fuels.

    Aypa Power builds, owns, and manages large-scale renewable energy projects to enhance grid stability and reduce dependency on fossil fuels.

    Founded -Toronto, Canada$2.0Blast round Mar 2026
  2. 2Cordelio PowerCordelio Power is a power producer that is involved in the development, ownership and management of an array of renewable power facilities.

    Cordelio Power is a power producer that is involved in the development, ownership and management of an array of renewable power facilities.

    Founded 2018Toronto, Canada$548Mlast round Nov 2025
  3. 3Nexus RenewablesNexus Renewables is a developer, owner, and operator of renewable energy focusing on energy storage.

    Nexus Renewables is a developer, owner, and operator of renewable energy focusing on energy storage.

    Founded 2020Toronto, Canada$39Mlast round Jun 2023
  4. 4HydrostorHydrostor is a Canadian energy storage company based in Toronto, founded in 2010.

    Hydrostor is a Canadian energy storage company based in Toronto, founded in 2010.

    Founded 2010Toronto, Canada$37Mlast round Feb 2026
  5. 5Electra Battery MaterialsElectra Battery Materials develops and produces battery-grade materials for the electric vehicle (EV) and energy storage industries.

    Electra Battery Materials develops and produces battery-grade materials for the electric vehicle (EV) and energy storage industries.

    Founded 2017Toronto, Canada$20Mlast round May 2026
  6. 6Li-CycleLi-Cycle is a clean technology company that uses an environmentally friendly process to recycle lithium-ion batteries.

    Li-Cycle is a clean technology company that uses an environmentally friendly process to recycle lithium-ion batteries.

    Founded 2016Mississauga, Canada$7.5Mlast round May 2025
  7. 7EnPoweredEnPowered helps businesses control their energy usage and costs.

    EnPowered helps businesses control their energy usage and costs.

    Founded 2015Waterloo, Canada$7.4Mlast round Sept 2021
  8. 8Full Circle LithiumFull Circle Lithium is a battery material processing company.

    Full Circle Lithium is a battery material processing company.

    Founded 2022Toronto, Canada$3.5Mlast round Jun 2026
  9. 9Baseload PowerBaseload Power is a values-driven energy company that works closely with electricity consumers, landowners, utilities, stakeholders.

    Baseload Power is a values-driven energy company that works closely with electricity consumers, landowners, utilities, stakeholders.

    Founded -Toronto, Canada$3.5Mlast round Jun 2022
  10. 10Edgecom EnergyCleantech and energy SaaS

    Cleantech and energy SaaS

    Founded 2016Toronto, Canada$2.5Mlast round Jan 2025
  11. 11NRStorA privately held Toronto-based energy storage project developer.

    A privately held Toronto-based energy storage project developer.

    Founded 2012Toronto, Canada$2.1Mlast round Nov 2017
  12. 12EnergyPalEnergyPal is a multinational provider of high quality Solar & Battery energy solutions.

    EnergyPal is a multinational provider of high quality Solar & Battery energy solutions.

    Founded 2015Toronto, Canada$1.0Mlast round Nov 2018
  13. 13Alectra UtilitiesAlectra Utilities, founded in 2017 and headquartered in Ontario, Canada, provides various utilities services to customers.

    Alectra Utilities, founded in 2017 and headquartered in Ontario, Canada, provides various utilities services to customers.

    Founded 2017Mississauga, Canada$651Klast round Jul 2025
  14. 14EchologicsEchologics is a Canadian engineering company based in Toronto, specializing in non-invasive acoustic technologies for water leak detection, pipe condition asses

    Echologics is a Canadian engineering company based in Toronto, specializing in non-invasive acoustic technologies for water leak detection, pipe condition asses

    Founded 2003Toronto, Canada$500Klast round Nov 2008
  15. 15Spero AnalyticsMonitor anything, anywhere, all the time using Spero's off-the-grid wireless mesh networking system

    Monitor anything, anywhere, all the time using Spero's off-the-grid wireless mesh networking system

    Founded 2017Toronto, Canada$211Klast round Dec 2025
Total fundinghow the list is ranked
15 November 2026updated nightly
Rounds we tracksource: Millionrounds

Companies whose funding rounds we classed as this sector, ranked by the total they have raised in rounds we hold. Nobody pays to be on a list.

Who backed them?

Open any company for its rounds and investors, or search the investors who back energy startups in Toronto-Waterloo in the app, with filters, lists and exports.

Find their investorsAll top lists

More energy lists

See all
CECSEEnergy startups worldwide1,800 companies · $129BCECSEEnergy startups in the United States741 companies · $110BNVSEnergy startups in Europe607 companies · $39BCMEWEnergy startups that raised in 2026429 companies · $73B in 2026SRSCEnergy startups in the United Kingdom206 companies · $15BCMEWEnergy startups in the United States that raised in 2026194 companies · $63B in 2026AETERSEnergy startups founded in 2021111 companies · $8.5BVUCEEnergy startups founded in 2020105 companies · $15B

More lists for Toronto-Waterloo

See all
CH8WAI startups in Toronto-Waterloo102 companies · $14BDGDCBHealth startups in Toronto-Waterloo92 companies · $1.7BWBJCFintech startups in Toronto-Waterloo25 companies · $2.4BTUAKCDeep tech startups in Toronto-Waterloo16 companies · $515M