Automotive Automotive

Boyd Group Services Inc. in its $275-million senior unsecured notes offering

Acting for Boyd Group Services Inc. (Boyd) in connection with its $275-million offering of senior unsecured notes. Osler, Hoskin & Harcourt LLP advised Boyd with a team led by Dan Shea, Jessica Myers and John Valley and comprised of Josh Mamdani, Ana Cherniak-Kennedy, Jasleen Sahota,...

Lead Office: Toronto Date Announced: August 20, 2025 Value: $275 million

Volkswagen in its $69-million investment in Patriot Battery Metals

On January 7, 2025, Volkswagen completed its approximately $69-million investment in Patriot Battery Metals to acquire a 9.9% equity stake in Patriot.      The Volkswagen Group, is one of the world's leading manufacturers of automobiles and commercial vehicles. Osler, Hoskin &...

Lead Office: Vancouver Date Closed: January 7, 2025 Value: $69 million

Dilawri in its acquisition of Volvo Cars West Island

On December 4, 2024, Dilawri, Canada’s largest automotive group, announced its acquisition of Volvo Cars West Island, the first Dilawri franchised Volvo retail operation in Québec, and the second in Dilawri’s network. By adding Volvo’s safe, reliable vehicles to its regional portfolio,...

Lead Office: Montreal Date Announced: December 4, 2024 Value: --

Waabi in its raising of US$200 million in a Series B Financing Round

On June 18, 2024, Waabi announced it has raised US$200 million in an oversubscribed Series B Financing round. This round was led by Uber and Khosla Ventures and saw participation from NVIDIA, Volvo Group Venture Capital, Porsche Automobil Holding SE, Scania Invest and Ingka Investments. The...

Lead Office: Toronto Date Announced: June 18, 2024 Value: US$200 million

Joyride Technologies in its securing of $7 million in a Series A financing round

On March 12, 2024, Joyride Technologies announced it closed a $7 million Series A financing round. This round was led by Yamaha Motors and saw participation from Export Development Canada, Urban Innovation Fund, Proeza Ventures, and Two Small Fish Ventures. Joyride Technologies plans on...

Lead Office: Toronto Date Closed: March 12, 2024 Value: $7 million

Xos in its business combination with ElectraMeccanica

On January 11, 2024, Xos Inc. announced that it had entered into an agreement with ElectraMeccanica pursuant to which Xos will acquire all of the issued and outstanding common shares of ElectracMeccanica in an all-stock transaction. The transaction represents a unique opportunity for Xos to...

Lead Office: Toronto Date Closed: March 11, 2024 Value: -

Inverted AI in its closing of a $5.3 million seed funding round

On December 18, 2023, Inverted AI announced it closed a $5.3 million seed funding round that was led by Yaletown Partners. This round also saw participation from Blue Titan Ventures, Dasein Capital, Inovia Capital, Defined, and WUTIF. The company plans to utilize the funding towards...

Lead Office: Vancouver Date Closed: December 18, 2023 Value: $5.3 million

SK On in connection with an $1.2 billion investment with Ford and EcoPro BM in the Province of Québec

On August 17, 2023, SK On, EcoPro BM, and Ford announced an investment of $1.2 billion to build a cathode active materials (CAM) manufacturing facility that will provide materials for the supply of batteries for Ford’s future electric vehicles (EVs). This new facility represents the parties’...

Lead Office: Montreal Date Closed: August 17, 2023 Value: $1.2 billion

General Motors Co. in its $1 billion investment project with POSCO Future M

On June 2, 2023, General Motors Co. and POSCO Future M announced their second phase of their Ultium Cathode Active Material (CAM) joint venture. This is an investment project that is focused on increasing the production capacity of their chemical battery material facility in Canada and...

Lead Office: Montreal Date Closed: -- Value: $1 billion

dcbel in receiving a strategic investment from Volvo Cars Tech Fund

In May 2023, dcbel announced that it has secured a strategic investment from Volvo Cars Tech Fund. Through this investment, dcbel will receive support for its research and development for its smart home energy system product. This system encompasses bi-directional charging capabilities with...

Lead Office: Toronto Date Closed: May 1, 2023 Value: -