Canada Drives fuels up with $10 million extension to support growth amid economic headwinds
Despite scaling back hiring, co-CEO says Canada Drives is in “a strong position.”
AutoTech
Four Canadian companies selected for inaugural CB Insights Advanced Manufacturing 50 list
BenchSci, Vention among Canadian startups in the list.
TransPod unveils “ultra-high-speed” FluxJet vehicle as it begins construction on proposed Alberta track
TransPod aims to offer transportation between Edmonton and Calgary that’s “faster than a jet and three times as fast as…
BlackBerry, L-SPARK unveil third cohort for connected car accelerator
Third cohort sees return of Deeplite, Sensor Cortek.
Moment Energy signs supply agreement with Mercedes-Benz to repurpose used EV batteries
Moment Energy previously worked with Nissan in a similar deal.
7 Generation Capital secures $8 million from Siemens, Fonds de solidarité FTQ
The Vancouver startup helps fleet operators transition to electric vehicles.
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.