CHAR Technologies raises funding from angels, OCE, plans merger deal

CHAR Technologies Inc, a renewable energy platform, has completed a series of financing deals. They include the startup's raise of undisclosed equity from angel investors and the Ontario Centres of Excellence (OCE). Mississauga, Ontario-based CHAR has also agreed to combine with Cleantech Capital Inc (TSX-V: YES.P), a capital pool corporation. As a result, it will be eligible for a $750,000 commitment from Sustainable Development Technology Canada's SDTC Natural Gas Fund. A client of Peel Region innovation hub RIC Centre, CHAR has developed a cost-effective, convenient and zero-waste method for cleaning renewable natural gas.

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