UgoWork Overview

  • Year Founded
  • 2011

Year Founded

  • Status
  • Private

  • Employees
  • 60

Employees

  • Latest Deal Type
  • Series C

  • Latest Deal Amount
  • $51M

  • Investors
  • 8

UgoWork General Information

Description

Developer of lithium-ion batteries and energy equipment designed to improve the efficiency and performance of forklifts and equipment used by the material handling industry. The company's product eliminates the limitations inherent in lead-acid battery infrastructure and replaces it with lithium-ion power alternatives that offer universal charging capacity for all battery models, enabling fleet managers to improve their operation's agility with lithium-ion power solutions and hands-on expertise and scale energy transition throughout their organization.

Contact Information

Website
ugowork.com
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 1065 Lescarbot
  • Suite 200
  • Quebec, Quebec G1N 1X6
  • Canada
+1 (418)
Primary Industry
Electrical Equipment
Vertical(s)
Industrials
Corporate Office
  • 1065 Lescarbot
  • Suite 200
  • Quebec, Quebec G1N 1X6
  • Canada
+1 (418)

UgoWork Timeline

2023202420252026
Financing RoundCaptured Employee CountEstimated Employee Growth

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UgoWork Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
8. Later Stage VC (Series C) 31-Jul-2024 $51M Completed Generating Revenue
7. Accelerator/Incubator Completed Generating Revenue
6. Grant 01-Jun-2023 Completed Generating Revenue
5. Later Stage VC (Series B) 22-Nov-2022 Completed Generating Revenue
4. Accelerator/Incubator 21-Nov-2019 Completed Generating Revenue
3. Early Stage VC (Series A) 01-Mar-2019 Completed Generating Revenue
2. Early Stage VC 10-Apr-2015 $1.59M $1.59M Completed Startup
1. Grant 01-Jan-2014 $50K Completed Startup
To view UgoWork’s complete valuation and funding history, request access »

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UgoWork Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of lithium-ion batteries and energy equipment designed to improve the efficiency and performance of forklifts
Electrical Equipment
Quebec, Canada
60 As of 2026

Alpharetta, GA
 

Hangzhou, China
 
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UgoWork Competitors (19)

One of UgoWork’s 19 competitors is Stryten Energy, a Private Equity-Backed company based in Alpharetta, GA.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Stryten Energy Private Equity-Backed Alpharetta, GA
A123 Systems Venture Capital-Backed Hangzhou, China
Prieto Battery Venture Capital-Backed Fort Collins, CO
Farasis Energy Formerly VC-backed Ganzhou, China
PolyPlus Venture Capital-Backed Berkeley, CA
You’re viewing 5 of 19 competitors. Get the full list »

UgoWork Patents

  • 1

    Total Documents Applications and Grants

  • Total Patents Families

  • Granted

  • Pending

  • Expiring in next 12 mo

UgoWork Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
WO-2025081260-A1 System and method for determining wear of electric battery powered material handling equipment (mhe) Inactive 16-Oct-2023

UgoWork Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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UgoWork Investors (8)

Investor Name Investor Type Holding Investor Since Participating Rounds
Government of Quebec Government
EDC Investments Growth/Expansion Minority
Fonds de solidarite FTQ PE/Buyout Minority
ACET Accelerator/Incubator Minority
Desjardins Capital PE/Buyout Minority
You’re viewing 5 of 8 investors. Get the full list »

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UgoWork FAQs

  • When was UgoWork founded?

    UgoWork was founded in 2011.

  • Where is UgoWork headquartered?

    UgoWork is headquartered in Quebec, Canada.

  • What is the size of UgoWork?

    UgoWork has 60 total employees.

  • What industry is UgoWork in?

    UgoWork’s primary industry is Electrical Equipment.

  • Is UgoWork a private or public company?

    UgoWork is a Private company.

  • What is UgoWork’s current revenue?

    The current revenue for UgoWork is .

  • How much funding has UgoWork raised over time?

    UgoWork has raised $75.4M.

  • Who are UgoWork’s investors?

    Government of Quebec, EDC Investments, Fonds de solidarite FTQ, ACET, and Desjardins Capital are 5 of 8 investors who have invested in UgoWork.

  • Who are UgoWork’s competitors?

    Stryten Energy, A123 Systems, Prieto Battery, Farasis Energy, and PolyPlus are some of the 19 competitors of UgoWork.

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