7 Generation Capital secures $8 million from Siemens, Fonds de solidarité FTQ
The Vancouver startup helps fleet operators transition to electric vehicles.
AutoTech
Clutch cuts staff to extend runway, citing market conditions
The layoffs follow a $100 million Series B secured in 2021.
Goeasy plans to leverage its LendCare acquisition with online car sales startup Canada Drives
Financial services company makes $40 million equity investment, joins Canada Drives’ board.
Autozen secures $5.1 million to expand car marketplace in Canada, US
Autozen has secured over $5.1 million in what it described as an oversubscribed seed round.
ChargeLab secures $19.3 million CAD with aim to be Android for EV charging
“The winner will be whoever builds ‘Android’ to power the whole ecosystem.”
BlackBerry extends partnership with Magna to work on advanced driver assistance systems
“It’s no longer just about the safety of the vehicles, but about the safety of the software on which they run.”
Spare, Lyft partner to offer flexible transportation for transit agencies
Spare tested the service in Texas ahead of a broader roll out.
Used vehicle marketplace Clutch secures $150 million in debt from Neuberger Berman to expand its fleet
Clutch claims thousands of pre-owned vehicles are for sale on its marketplace.
Untether AI secures $1 million for partnership with General Motors
Untether and General Motors on a mission to help cars see better using AI.
Swtch Energy secures $16.5 million CAD to expand its electric vehicle charging network to the US
Swtch wants to bring inexpensive EV charging to low income communities.
Ontario utility agencies back BluWave-ai project to manage increased EV power grid use
“We know EVs are coming … so we want to be prepared.”
TransPod awaits government consent to secure $688.2 million CAD for proposed high-speed line between Edmonton and Calgary
If Alberta government fails to commit, TransPod’s CEO said he’ll move the project elsewhere.
Potential Motors closes $4 million CAD to improve off-road electric vehicle performance
The startup focuses on “the most overlooked space in electrification.”
Raquel Urtasun’s Waabi unveils “revolutionary” autonomous vehicle testing simulator
Waabi claims it’s the “ultimate school for self-driving vehicles.”
Ikea expands EV partnership with Bolt following Series B investment
Plans for an expansion into the United States are currently underway.