Effenco Overview
- Year Founded
-
2006

- Status
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Acquired/Merged
- Employees
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67

- Latest Deal Type
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Bankr. Admin/Reorg
Effenco General Information
Description
Developer of vehicle electrification technology designed to connect and electrify heavy vocational trucks to reduce operational costs and emissions. The company's technology is based on millions of hours of real operating data and it leverages a unique electric powertrain architecture based on ultracapacitors and proprietary AI algorithms, enabling companies to reduce their greenhouse gas emissions and contribute toward a sustainable future.
Contact Information
Website
www.effenco.com(Operating Subsidiary)
Corporate Office
- 3700 Saint-Patrick Street
- Suite 316
- Montreal, Quebec H4E 1A2
- Canada
Corporate Office
- 3700 Saint-Patrick Street
- Suite 316
- Montreal, Quebec H4E 1A2
- Canada
Effenco Valuation & Funding
Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
---|---|---|---|---|---|---|
8. Bankruptcy: Admin/Reorg | 06-Apr-2022 | Completed | Bankruptcy: Admin/Reorg | |||
7. Merger/Acquisition | 01-Jan-2022 | Completed | Bankruptcy: Admin/Reorg | |||
6. Later Stage VC (Series A) | 11-Sep-2020 | Completed | Generating Revenue | |||
5. Later Stage VC (Series A) | 14-Dec-2018 | Completed | Generating Revenue | |||
4. Grant | 02-May-2018 | Completed | Generating Revenue | |||
3. Grant | 11-Sep-2015 | Completed | Generating Revenue | |||
2. Accelerator/Incubator | 12-Mar-2013 | $1.8M | Completed | Generating Revenue | ||
1. Later Stage VC | 15-Feb-2013 | $1.8M | $1.8M | Completed | Generating Revenue |
Effenco Comparisons
Industry
Financing
Details
Effenco Competitors (13)
One of Effenco’s 13 competitors is Protean Electric, a Formerly VC-backed company based in Fareham, United Kingdom.
Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
---|---|---|---|---|---|---|
Protean Electric | Formerly VC-backed | Fareham, United Kingdom | ||||
Wrightspeed | Venture Capital-Backed | Alameda, CA | ||||
Orange EV | Venture Capital-Backed | Kansas City, KS | ||||
Allison Transmission Holdings | Formerly PE-Backed | Indianapolis, IN | ||||
Nikola | Formerly VC-backed | Phoenix, AZ |
Effenco Patents
Effenco Recent Patent Activity
Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
---|---|---|---|---|---|
US-20230406148-A1 | Artificial intelligence platform for vehicle electrification | Pending | 29-Oct-2020 |
Effenco Signals
Effenco Former Investors (8)
Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
---|---|---|---|---|
BDC Capital | Growth/Expansion | Minority | ||
Business Development Bank of Canada | Corporation | Minority | ||
Canadian Technology Accelerator | Accelerator/Incubator | |||
Center of Excellence in Energy Efficiency | Government | |||
Angel (individual) | Minority |
Effenco FAQs
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When was Effenco founded?
Effenco was founded in 2006.
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Where is Effenco headquartered?
Effenco is headquartered in Montreal, Canada.
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What is the size of Effenco?
Effenco has 67 total employees.
-
What industry is Effenco in?
Effenco’s primary industry is Road.
-
Is Effenco a private or public company?
Effenco is a Private company.
-
What is Effenco’s current revenue?
The current revenue for Effenco is
. -
How much funding has Effenco raised over time?
Effenco has raised $18.4M.
-
Who are Effenco’s investors?
BDC Capital, Business Development Bank of Canada, Canadian Technology Accelerator, Center of Excellence in Energy Efficiency, and are 5 of 8 investors who have invested in Effenco.
-
Who are Effenco’s competitors?
Protean Electric, Wrightspeed, Orange EV, Allison Transmission Holdings, and Nikola are some of the 13 competitors of Effenco.
-
When was Effenco acquired?
Effenco was acquired on 06-Apr-2022.
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Who acquired Effenco?
Effenco was acquired by Martinrea International.
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