When was Abraxas Power founded?

Abraxas Power was founded in 2023 and raised its 1st funding round 1 year after it was founded.

Where is Abraxas Power located?

Abraxas Power is headquartered in Toronto, Canada.

Is Abraxas Power a funded company?

Abraxas Power is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Nov 18, 2024.

When was the latest funding round of Abraxas Power?

Abraxas Power's latest funding was a $***** Seed round on Nov 18, 2024, with participation from 0 investor.

Where does Abraxas Power rank among its competitors?

Abraxas Power ranks 3rd amongst 36 active competitors, only 1 of which is funded. Revolve, which secured $873K in Jun, 2025.

Who are the top competitors of Abraxas Power?

Abraxas Power's top competitors include Revolve, Bullfrog Power and Evolugen. Among them, Revolve secured the most recent funding round in June, 2025.

Abraxas Power - 2026 Company Profile, Funding & Competitors

Company Details

Abraxas Power is an energy transition developer focused on decarbonizing hard-to-abate sectors, leveraging renewable energy sources to create value and address current and future energy challenges. The company is committed to transforming the energy landscape through innovative solutions and sustainable technologies. With a strong presence in the renewable energy sector, Abraxas Power is poised to play a significant role in the global transition to a low-carbon economy.

Key Metrics

Founded Year

2023

Location

Toronto, Canada

Stage

Seed

Total Funding

$2.28M in 1 round

Latest Funding Round

Seed, Nov 18, 2024, $*****

Ranked

3^rd among 36 active competitors

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View Abraxas Power's full profile

Abraxas Power has raised a total funding of $2.28M over 1 round.

Here is the list of recent funding rounds of Abraxas Power:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 18, 2024	6668107	Seed	9573768	1774744	2126896	2814370

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Top competitors of Abraxas Power include Revolve, Bullfrog Power and Evolugen. Here is the list of Top 10 competitors of Abraxas Power, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Revolve 2012, Vancouver (Canada), Public	Developer of solar and wind energy projects	$4.76M	-	46/100
2nd	Bullfrog Power 2005, Toronto (Canada), Acquired	Developer of green energy projects	-	-	41/100
3rd	Abraxas Power 2023, Toronto (Canada), Seed	Provider of renewable energy transition developer focused on decarbonizing hard-to-abate sectors, with a proprietary technology for green hydrogen and ammonia production	$2.28M	-	39/100
4th	Evolugen 1999, Gatineau (Canada), Unfunded	Renewable Energy Company \| Evolugen by Brookfield Renewable	-	-	37/100
5th	Prowind 2000, Hamilton (Canada), Unfunded	Developer of wind energy projects	-	-	33/100
6th	EverWind Fuels 2022, Canada, Funding Raised	Developer of green hydrogen and ammonia production facilities	-	Government of Canada	32/100
7th	Lyko Systems 2012, Drummondville (Canada), Unfunded	Manufacturer of solar and wind power systems	-	-	25/100
8th	GeoArc 2017, Burlington (Canada), Unfunded	Developer of solar and wind energy projects	-	-	25/100
9th	TH Solar Wind Energy 2000, Richmond Hill (Canada), Unfunded	Offers installation and maintenance services for solar and wind energy systems	-	-	24/100
10th	Techeol 2007, Sayabec (Canada), Unfunded	Provider of wind turbine maintenance and optimization services	-	-	22/100