Geomega receives $2 million from NGen for rare earth element recycling plant
Geomega’s recycling plant will help turn magnet scrap into rare earth elements used in electric vehicles.
Cleantech
Federal Fall Economic Statement promises to expand Payments Canada eligibility, introduce open banking legislation in 2024
Canada commits to “consumer-driven finance” and more powers for the Competition Bureau.
Active Impact Investments launches third climate tech seed fund with $70 million in initial commitments
LPs include Northleaf, Fondaction, Co-operators, Deloitte Ventures, University of Victoria.
McGill, venture studio BXVentures spin out cleantech venture FeX Energy
FeX Energy uses metal fuel technology to generate renewable energy.
Hopper-linked Deep Sky closes $57.5-million Series A to make Canada a “carbon removal capital”
Barely a year old, the Montréal cleantech startup has already amassed $75 million in total funding.
Ambyint is repatriating its headquarters to Calgary after three years in Houston
Ambyint CEO says Alberta’s “strong tech ecosystem” fueled the move back to Canada.
New foodtech association looks to promote more sustainable seafood alternatives
Future Ocean Foods has 35 inaugural member companies, eight of which are Canadian.
Acuva, Brickeye, Intelligent City feature in Foresight’s top 50 cleantech ventures list
Ventures on the accelerator’s 2021, 2022 lists have collectively raised over $1.67 billion.
Recharge Véhicule Électrique raises over $7 million to expand at-home EV charging
RVE’s president says the funding will help free up 4,000 megawatts of power from the grid.
Dapper Labs, Nesto, Certn, top Deloitte’s 2023 Technology Fast 50 list
FinTech startups made a mark on the list of Canada’s leading technology companies.
ChargeLab taps Newlab, Flipp alums Shaun Stewart and Patrick Smith to leadership team
Stewart will serve as ChargeLab’s new president, while Smith has joined as VP engineering.
Universities of Regina, British Columbia among 19 recipients of CRIN’s $16.1 million CAD commitment to clean up Canada’s oil and gas industry
CRIN received $100 million from the SIF in 2020 to lower the environment impacts of fossil fuels.
Sanctuary AI, RainStick among #CDNtech companies named to TIME’s 2023 Best Inventions list
The list also recognized neural earbud developer Naqi Logix and lithium tech firm Li-Metal.
Auditor General to probe SDTC following ISED-commissioned investigation
ISED paused new SDTC funding after third-party report uncovered conflict of interest, governance issues.
FigBytes acquired by Irish software company AMCS in trans-atlantic ESG deal
The deal comes one year after FigBytes secured $14.5 million USD for its ESG insights platform.