BDC Capital invests in Effenco's $12 mln Series A financing
Effenco, a Montréal-based electric and connected mobility platform, has raised $12 million in a Series A financing. The round was backed by BDC Capital, which invested $6 million, and Investissement Quebec. Founded in 2006 by engineers, Effenco develops and markets hybrid solutions to help heavy vocational trucks reduce operational costs and greenhouse gas emissions. Led by CEO David Arsenault, Effenco will use the funds raised to fuel growth and commercialize software that can rapidly detect and interpret behavioural, mechanical and logistics problems. BDC invested through Ottawa's $700 million clean technology strategy, announced in January.
14 December 2018•4 mins read
