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Burnaby-based cleantech startup Ekona Power has closed its $79 million CAD equity Series A round. The financing was led by oilfield company Baker Hughes. The amount of Baker Hughes’ investment was undisclosed, but was reportedly the first tranche of its Series A round and gave it a 20 percent stake in Ekona, according to Business in Vancouver. A spokesperson for Ekona told BetaKit the $79 million marks the company’s total funding to date. Other investors include Mitsui, Severstal, ConocoPhillips, TransAlta, Continental Resources, NGIF Cleantech Ventures, and BDC Capital’s Cleantech Practice.
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