Effenco Overview

  • Year Founded
  • 2006

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 67

Employees

  • Latest Deal Type
  • 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
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Corporate Office
  • 3700 Saint-Patrick Street
  • Suite 316
  • Montreal, Quebec H4E 1A2
  • Canada
Primary Industry
Road
Other Industries
Machinery (B2B)
Parent Company
Martinrea International
Vertical(s)
CleanTech, LOHAS & Wellness, Mobility Tech, Manufacturing, Artificial Intelligence & Machine Learning
Corporate Office
  • 3700 Saint-Patrick Street
  • Suite 316
  • Montreal, Quebec H4E 1A2
  • Canada

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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
To view Effenco’s complete valuation and funding history, request access »

Effenco Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of vehicle electrification technology designed to connect and electrify heavy vocational trucks to reduce oper
Road
Montreal, Canada
67 As of 2021

Fareham, United Kingdom
 

Alameda, CA
 
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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
You’re viewing 5 of 13 competitors. Get the full list »

Effenco Patents

  • 1

    Total Documents Applications and Grants

  • Total Patents Families

  • Granted

  • 1

    Pending

  • Expiring in next 12 mo

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

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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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
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Effenco FAQs

  • When was Effenco founded?

    Effenco was founded in 2006.

  • Where is Effenco headquartered?

    Effenco is headquartered in Montreal, Canada.

  • 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.

  • Who acquired Effenco?

    Effenco was acquired by Martinrea International.

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