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.
AutoTech
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.
Damon Motors secures $37.9 million CAD for its AI-backed electric motorcycles
Damon Motors has raised $37.9 million CAD ($30 million USD) in a Series B funding round led by House of Lithium and other undisclosed…
South Korea AutoTech startup AutoCrypt to open Canadian office in Whitby
South Korea-based AutoTech company Autocrypt has announced Whitby as the home for its new Canadian office, moving it into the…
Spare ready to roll with $18 million Series A funding for its on-demand transit software
An oversubscribed $18 million Series A round is going to help Spare further build out its mobility software platform for public…
GaN Systems nails $189.7 million CAD to drive semiconductor innovation
GaN Systems, a producer of gallium nitride power semiconductors, has secured a $150 million USD ($189.7 million CAD) growth…
Clutch gears up for expansion with $100 million CAD Series B round
Clutch, an online car retailing startup, got the green light for expansion with $100 million CAD Series B equity financing.…
D2L, E Automotive make their Toronto Stock Exchange debuts
Two Canadian tech companies, D2L and E Automotive, began trading on the Toronto Stock Exchange (TSX) today. Kitchener-Waterloo-based…
Axis Auto Finance lands $15 million to roll out digital loan product
Axis Auto Finance Inc., a Mississauga-based lender that describes itself as a FinTech servicing the alternative auto finance…
Online vehicle auction marketplace E Automotive revs up IPO plans
E Automotive, an online vehicle auction marketplace, is planning to go public on the Toronto Stock Exchange. The company has…
FTEX raises $485,000 to increase efficiency of electric vehicles through its motor tech
Montréal-based motor-tech company FTEX has raised $485,000 in a pre-seed, all-equity SAFE funding round that closed in August.…
In its goal to modernize trucking operations, Rose Rocket raises $31 million CAD
Rose 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
AutoLeap just got a jump start with an $18 million Series A funding round, announced October 1. Bain Capital Ventures led the…