FTEX raises $485,000 to increase efficiency of electric vehicles through its motor tech
byMontréal-based motor-tech company FTEX has raised $485,000 in a pre-seed, all-equity SAFE funding round that closed in August.…
AutoTech
In its goal to modernize trucking operations, Rose Rocket raises $31 million CAD
byRose Rocket, a Toronto-based SaaS provider of transportation management software (TMS), has raised $31 million CAD ($25 million…
AutoLeap revs up growth with an $18 million Series A funding round
byAutoLeap just got a jump start with an $18 million Series A funding round, announced October 1. Bain Capital Ventures led the…
Gatik reveals Goodyear as strategic investor, announces partnership deal
byMajor tire manufacturer Goodyear and autonomous trucking startup Gatik have announced a strategic partnership that sees the…
Wealthsimple, Clearco top LinkedIn’s Top Startups Canada 2021 list
byToronto-based unicorn Wealthsimple ranked highest on LinkedIn’s Top Startups Canada 2021 list, released September 22. Clearco…
Acquisition roundup: Ramp, Top Hat, Wishpond, Trade X, Enthusiast Gaming
byFive Canadian tech companies have made acquisitions or have been acquired over the last little while. Here are some highlights…
IIROC briefly halts Facedrive stock after two days of heavy trading
byThe Investment Industry Regulatory Organization of Canada (IIROC) briefly halted trading in Facedrive’s stock twice on September…
CarDoor raises $3 million, prepares its online car retail platform for cross-Canada expansion
byToronto-based CarDoor is preparing to expand its online car retailing platform across Canada after raising $3 million CAD in…
Facedrive fracas heats up as company confirms it filed suit against its co-founder
byToronto-based ride-sharing startup Facedrive said September 8 that it is “aware of certain allegations circulated concerning…
Facedrive co-founder claims company considering insolvency amid face off with former CEO
byThe former president and the former CEO of the embattled ride-sharing company Facedrive both issued news releases – September…
Ontario, Michigan collaborating on advanced automotive and mobility technology
byOntario and Michigan are looking for tech solutions to alleviate pressure along their shared borders. The two auto-producing…
Canada Drives secures $100 million CAD Series B, plans Alberta expansion
byCanada Drives shifted into high gear on August 18 with the announcement that it closed $100 million CAD in funding. San Francisco-based…
Telus, BlackBerry bank on Car IQ’s new connected car payment platform
byAn Oakland, California company’s vehicle-based payment platform is attracting attention from a couple of Canadian corporate…
Aaron Zifkin departing from role as Lyft Canada’s managing director
byAaron Zifkin, the managing director of Canada for Lyft, is set to leave the role at the end of May. Zifkin announced the move…
Toronto’s Almon completes AVIN-funded development of autonomous vehicle technology
byAlmon, a Toronto-based company that provides infrastructure maintenance services and products, has recently completed an autonomous…