UgoWork secures $22.8M to scale connected Energy as a Service solutions for industrial vehicles
Summary
It will also be used to grow the sales, and expand its distribution footprint to meet fast-growing international demand.In an unprecedented global context whereby supply chains, labor shortage and energy efficiency are top concerns, industrial fleet operators are continuously looking for innovative solutions to navigate this new reality. UgoWorks cutting edge battery technology and connected platform empower operators to make data-driven decisions to increase output, optimize resources, and take a step towards a zero-carbon footprint. Its reduces upfront costs for faster deployment and enables customers with access to the latest technology, connected platform and best-in-class support and updates. The Fonds believes in UgoWork and will always be there to support and advise the Quebec City based company in its next steps of growth, regarding both technology and exports, said Philippe P. Huneault, Vice-President, Private Equity and Impact Investing Technology and Fund Management, and Chief International Business Development Officer at the Fonds de solidarit\xe9 FTQ.This is Investissement Qu\xe9becs second round of all equity funding with UgoWork, a testament to the tremendous market opportunity in the companys solutions and the confidence the portfolio holders have for its future. For more information, visit our .Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian businesses make an impact at home and abroad.