Clutch races past $1 billion in total cars purchased amid record growth
After taking nine years to hit $1 billion, COO says Clutch is on pace to double it in one.
AutoTech
LeddarTech bankruptcy filing reveals $146 million in debts to Québec, BDC, and other backers
Autonomous driving firm warns that shareholders won’t recoup much value.
ENVGO raises $2.7-million seed round to bring its electric “flying” boat to market
Waterloo team behind drone maker Aeryon Labs helps aerospace hit the waves.
MesoMat expects smart rubber to hit the road around the world as it builds out commercial tire-monitoring platform
McMaster spinout raises seed funding to build out its sales and commercial operations.
LeddarTech cuts 95 percent of staff in bid to rescue its business
LeddarTech does not expect to resume active operations after laying off 138 employees.
How does an online car retailer survive a trade war?
Clutch found a new gear after a post-pandemic lull, just in time for tariffs to hit.
7Gen charges up with $48 million in debt from UK’s Zenobē to help more Canadian firms adopt EVs
7Gen claimed that this is the largest private EV debt financing in Canadian history.
Waabi develops realism metric to gauge reliability of autonomous vehicle simulators
Founder and CEO Raquel Urtasun calls on all AV developers to demonstrate their simulators are true to life.
Clutch recovers valuation and eyes growth with $50-million Series D round
Online car seller has gone through “fair share of existential crises,” but is ready to build again, CEO says.
Waabi inks partnership with investor Volvo to develop and deploy self-driving trucks
CEO says deal gives Waabi next puzzle piece it needs for autonomous trucking at scale.
Transit platform Spare raises $42 million Series B led by Inovia
Funding to help Vancouver-based startup expand its paratransit solution into more transit agencies.
ReliON secures $3 million as the first company incubated out of Diagram Ventures ClimateTech fund
Diagram led the round as ReliON looks to bolster its EV charger operation and maintenance platform.
Clutch receives $10-million strategic investment from iA Financial group
The investment will see iA’s insurance products integrated into Clutch’s online vehicle marketplace.
Waabi fuels up to launch fully driverless trucks in 2025 with $275-million CAD Series B
Uber and Khosla double down as Nvidia, Porsche, IKEA join Toronto AV startup’s cap table.
Potential Motors secures $2 million to commercialize terrain-perception software for off-road vehicles
After years of R&D, Potential says it is ready to take its core tech to market.