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.…
AutoTech
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…
Gatik reveals Goodyear as strategic investor, announces partnership deal
Major 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
Toronto-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
Five 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
The 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
Toronto-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
Toronto-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
The 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
Ontario 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
Canada 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
An 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
Aaron 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
Almon, a Toronto-based company that provides infrastructure maintenance services and products, has recently completed an autonomous…