E-mobility

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: Jun 18, 2024 Value: US$200 million

Highland Electric Fleets in connection with its $50 million credit facility with the Canada Infrastructure Bank.

On May 8, 2024, Canada Infrastructure Bank (CIB) announced that it has reached a financial close on a loan facility with Highland Electric Fleets (Canada) ULC worth up to $50 million to help finance the supply of Zero Emission Buses to school boards across Canada. Highland Electric Fleets intends...

Lead Office: Toronto Date Announced: May 8, 2024 Value: $50 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: -

General Motors in its US$150 million equity investment in Nouveau Monde Graphite

On February 15, 2024, General Motors announced its US$150 million equity investment in Nouveau Monde Graphite, which investment will be made in two tranches. At the closing of tranche 1, General Motors made an initial US$25 million equity investment to support the advancement of the Matawinie...

Lead Office: Vancouver Date Closed: -- Value: US$150 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: Toronto 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: -

ChargeLab in its securing of a US$ 15 million Series A extension financing round

On April 14, 2023, ChargeLab raised a $15 million Series A extension financing round through securing strategic partnerships with Eaton and Silver Comet. ChargeLab plans to extend its management software for electric vehicle charging in the United States.ChargeLab is a developer of an...

Lead Office: Toronto Date Closed: April 14, 2023 Value: $15 million

Independent Electricity System Operator in respect of the Oneida Battery Storage facility

On February 10, 2023, the Independent Electricity System Operator announced entering into an Energy Storage Facility Agreement for the Oneida Energy Storage Project. The Oneida Energy Storage project is a 250 MW/1000 MWh energy storage facility located in Southwestern Ontario. This is...

Lead Office: Toronto Date Closed: -- Value: -