Ekona Power Inc. announced that it has received in around of funding led by new investor Baker Hughes Company for 20% stake on November 9, 2021. The transaction included participation from numerous Canadian Federal and Provincial partners, including BDC Capital Industrial, Clean and Energy Technology (ICE) Venture Fund II, a fund managed by returning investor BDC Capital Inc., National Research Council Canada, Natural Resources Canada, Breakthrough Energy Solutions Canada, a fund managed by Breakthrough Energy Ventures, LLC, Emissions Reduction Alberta, NGIF Cleantech Ventures, a fund managed by NGIF Capital Corporation and Pacific Economic Development Canada. As part of the transaction, representative of Baker Hughes Company joined the company's board of directors.