Enerdynamic Hybrid Technologies Inc. announced that it has signed a letter of intent sheet for gross proceeds of CAD 4,000,000 in funding on October 8, 2013.

On November 12, 2013, the company has raised CAD 750,000 from Maclos Capital Inc. The company issued 3,000,000 units at CAD 0.25 per unit. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one common share at CAD 0.50 per share during the first year and at CAD 0.75 during the second year from the closing.

On January 24, 2014, the company announced that it will raise upto 12,000,000 units for gross proceeds of CAD 3,000,000 in the first private placement. The company has raised approximately CAD 2,700,000 in the first private placement and expects to complete the balance of the first private placement. Kingsdale Capital Markets Inc. will act as the agent to the company. The agents will receive a 7.5% cash commission, 24 month warrants to purchase first placement units equal to 10% of the first placement units sold, plus an advisory fee consisting of 1,082,538 company common shares.

On April 21, 2014, Enerdynamic Hybrid Technologies Inc. closed the transaction. The company has issued 20,000,000 units for gross proceeds of CAD 5,000,000.