Modo Energy secures $17 million financing from CIBC Innovation Banking
Type: Financing · Technology: Storage · Country: United Kingdom · Value: $17M · Announced: 2026-07-27
Modo Energy obtained a $17 million growth financing package from CIBC Innovation Banking on 27 July 2026. The funding will be deployed to enhance its AI‑powered analyst Ko and to expand the platform into new markets across Europe, the United States and Australia. Ko currently supports more than 200 investors, developers, owners and operators of battery storage and renewable energy assets in 30 countries. The financing underscores investor confidence as the battery storage market enters a capital‑intensive phase, enabling Modo Energy to provide bankable forecasts that drive capital flows. The round was led by the Canada‑headquartered growth lender, marking the largest single commitment in the company’s history.
Counterparties
- CIBC Innovation Banking (Lender)
- Modo Energy (Borrower)
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