Loraxian Inc., a Toronto, Canada-based global renewable energy and infrastructure company, raised $50m in Series B funding round.
Treasure Union Limited, a Hong Kong based company, made the investment.
The company intends to use the funds to drive global growth and scale, with an initial focus on Canada, Asia, and the Middle East, as well as strategically acquire key technologies currently being used in its infrastructure projects.
Led by Roland Kielbasiewicz, Founder and CEO, Loraxian is a professional services firm specializing in the development, finance, ownership, and management of sustainable energy infrastructure projects with a focus on southeast Asia and North America. It develops, constructs, builds, finances, procures, operates, maintains, and owns conservatively-managed, building and energy infrastructure assets with a long-term, build and hold strategy.