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.
AutoTech
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.
Swtch Energy secures $27.2 million USD to continue deployment of EV chargers for multi-unit buildings
Round leader Blue Earth Capital said Swtch’s focus is a market opportunity to grow the clean energy economy.
Damon Motors revs up to go public on the Nasdaq via reverse merger
The reverse merger will be completed with a UK-based spinoff of Inpixon.
Is Canada ready for an EV future?
Flavio Volpe and Paris Marx join for a conversation on what the future of transportation in Canada might look like.
ChargeLab secures $15 million, commercial partnerships with electric vehicle companies to expand US presence
ChargeLab touts itself as “the Android of EV charging.”
AutoLeap gears up for growth with $40 million CAD Series B
As a recession looms, AutoLeap and the car repair shops it serves stand to benefit.
Canada Drives undergoing restructuring as it files for creditor protection
“The rising costs of holding inventory…has made this specific business model no longer viable.”
Layoffs spread to Clutch, Canada Drives as online auto marketplaces gear down
Clutch cut approximately 65 percent of its staff.