Lithium-ion battery developer UgoWork closes Series C funding to expand HQ, production facility
UgoWork said it might raise additional capital, but declined to disclose further details.
Cleantech
BC’s Centre for Innovation and Clean Energy invests $7.6 million across nine companies following call for innovation
Selected companies tackle energy storage, carbon management, alternative fuels, and low-carbon hydrogen.
Loop Energy alerts creditors to restructuring after layoffs, strategic review
TSX-listed hydrogen fuel cell company owes creditors more than $13 million, including $9 million to PacifiCan.
Acel Power raises $13.6 million CAD to ramp up production of battery-powered boat motors
Startup plans to bring 150- and 250-horsepower motors to market in the fall.
Emissions Reduction Alberta commits $44.4 million to 21 cleantech projects
Startups such as Wyvern and Arolytics received funding from ERA’s Emerging Innovators Challenge.
RainStick Shower soaks up $2.6 million CAD as it eyes expansion in Canada and the US
The startup’s product was named one of TIME’s Best Inventions of 2023.
TandemLaunch secures $27-million first close of Fund IV to build more Montréal deep-tech startups
Montréal venture studio specializes in commercializing tech developed at universities.
Polystyvert closes $16 million Series B tranche, looks to open first commercial recycling plant
Polystyvert expects to close a second tranche within three months that brings the round up to $30 million.
Federal government invests in seven hydrogen-focused cleantech projects in Alberta
Aurora Hydrogen, Quantiam Technologies, Innova Hydrogen receive a collective $5 million.
Economic development agencies dole out $30 million to AgTech, AI, EV development
Wyvern, Pure Life Carbon, and Aethon Aerial Solutions among those supported by latest PrairiesCan, FedDev funding.
e-Zinc powers up with $42 million CAD to validate energy storage solution in the field
With beefed-up leadership team, CEO feels Chris Hadfield-backed e-Zinc is ready for pilot production.
CRA issues guidance on new cleantech investment tax credits
Tax credits expected to drive new demand for Canadian cleantech solutions.
Parity closes $26-million CAD Series B round as it eyes new verticals, markets for HVAC optimization software
Startup says it has delivered energy savings across over 65 million sq. ft. of real estate.
FLO charges ahead with $136 million CAD to expand network, product line
EV charging firm sees support from EDC, CDPQ, Investissement Québec, and more in latest financing round.
Feds resume SDTC funding under NRC following damning AG report
Auditor General found “significant lapses” in STDC’s governance and management of public money.