Effenco Overview

  • Year Founded
  • 2006

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 67


  • Latest Deal Type
  • Bankr. Admin/​Reorg

Effenco General Information


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

Ownership Status
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Primary Industry
Other Industries
Machinery (B2B)
Parent Company
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 000.00 Completed Bankruptcy: Admin/Reorg
6. Later Stage VC (Series A) 11-Sep-2020 00.000 000.00 Completed Generating Revenue
5. Later Stage VC (Series A) 14-Dec-2018 000 000.00 Completed Generating Revenue
4. Grant 02-May-2018 00.00 00.00 Completed Generating Revenue
3. Grant 11-Sep-2015 00000 00.00 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

HQ Location
Total Raised
Post Valuation
Developer of vehicle electrification technology designed to connect and electrify heavy vocational trucks to reduce oper
Montreal, Canada
67 As of 2021


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Fareham, United Kingdom
000 As of 0000


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Alameda, CA
00 As of 0000
0000 0000-00-00
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Effenco Competitors (10)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Protean Electric Formerly VC-backed Fareham, United Kingdom 000 00000 000000&0
Wrightspeed Venture Capital-Backed Alameda, CA 00 000.00 000000000000
Scania CV Corporate Backed or Acquired Sodertalje, Sweden 00000 00000 00000000000 00000
Volvo Group Corporation Gothenburg, Sweden 000000 00000000000
Hyliion Formerly VC-backed Cedar Park, TX 00 00000 000000000 00000
You’re viewing 5 of 10 competitors. Get the full list »

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 000000000

Effenco Signals

Growth Rate

0.80% Weekly
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers


Similarweb Unique Visitors


Majestic Referring Domains


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Effenco Former Investors (8)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
BDC Capital Growth/Expansion Minority 000 0000 000000 0
Business Development Bank of Canada Corporation Minority 000 0000 000000 0
Canadian Technology Accelerator Accelerator/Incubator 000 0000 000000 0
Center of Excellence in Energy Efficiency Government 000 0000 000000 0
David Arsenault Angel (individual) Minority 000 0000 000000 0
You’re viewing 5 of 8 investors. Get the full list »

Effenco FAQs

  • When was Effenco founded?

    Effenco was founded in 2006.

  • Who is the founder of Effenco?

    Benoit Lacroix Ph.D, Dany Fouquet, and David Arsenault Ph.D are the founders of Effenco.

  • 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 00000.

  • 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 David Arsenault are 5 of 8 investors who have invested in Effenco.

  • Who are Effenco’s competitors?

    Protean Electric, Wrightspeed, Scania CV, Volvo Group, and Hyliion are some of the 10 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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