EcoFuel Accelerator announces spring 2016 cohort

Ecofuel accelerator

Montreal’s Ecofuel accelerator, which supports cleantech companies, has announced the three businesses accepted into its spring 2016 cohort.

“The number of applications we received during the selection process demonstrates the entrepreneurs needs for the acceleration stage in the cleantech sector,” said Richard Cloutier, president and CEO of the Ecofuel Accelerator. “The financial support is strategic, but what really makes a difference is our capacity to provide a personalized approach to meet our entrepreneurs’ needs.”

The startups accepted include:

    Azastra Opto, a business founded in 2013 that focuses on the development and sales of optoelectronic components such as high efficiency optocouplers for hybrid and electric cars and high performance phototransducers for a wide range of applications using optical fiber for power transmission.

    Kelvin Storage designed an energy storage unit transforming power produced in off peak hours in high temperature energy to redistribute it in a thermal form. Their system allows a better power supply management and reduces greenhouse gas (GHG) emissions.

    Lito, which is creating a 100 percent electric luxury motorcycle, the Sora. This vehicle provides a maximum range of 200 km.

The third cohort will end in May 2016.