About Effenco
Effenco is a company based in Montreal (Canada) founded in 2006 by David Arsenault and Dany Fouquet. Effenco has raised $19.58 million across 3 funding rounds from investors including BDC, Invest Quebec and Centre d'excellence en efficacité énergétique. Effenco operates in a competitive market with competitors including XL Fleet Electrification, Magtec and Hybritek, among others.
- Headquarter Montreal, Canada
- Founders David Arsenault, Dany Fouquet
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Sectors
Transportation, Automotive & Logistics
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$19.58 M (USD)
in 3 rounds
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Latest Funding Round
$7.58 M (USD), Series A
Sep 10, 2020
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Investors
BDC
& 4 more
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Employee Count
Not available
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Funding Insights of Effenco
Effenco has successfully raised a total of $19.58M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $7.58 million completed in September 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Effenco
Effenco has secured backing from 5 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include BDC, Invest Quebec and Centre d'excellence en efficacité énergétique.
| Investor | Description | Founded Year | Domain | Location |
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Financial support is offered for energy efficiency innovations in Canada.
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Venture capital firm focused on investing in clean tech sectors
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Business guidance for corporate companies and startups
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Locked | Locked | Locked |
Investor details for Effenco
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Investments & Acquisitions by Effenco
Investment portfolio details for Effenco
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Financial Statements - Effenco
Detailed financials for Effenco
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Effenco Comparisons
Peer comparison for Effenco
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Competitors of Effenco
Effenco operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as XL Fleet Electrification, Magtec and Hybritek, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Cloud-enabled fleet electrification systems are provided for commercial vehicles.
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Drive systems and components for commercial electric vehicles are supplied.
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Develops innovative hybrid electric technologies for commercial vehicles.
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Detailed competitors of Effenco
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Latest news on Effenco
Complete news archive for Effenco
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Frequently Asked Questions about Effenco
Effenco was founded in 2006 and raised its 1st funding round 12 years after it was founded.
Effenco is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
David Arsenault is the current CEO of Effenco. They have also founded this company.
Effenco is a funded company, having raised a total of $19.58M across 3 funding rounds to date.
Effenco was founded in 2006 and is based in Montreal, Canada. Electric hybrid technology solutions are offered for heavy-duty trucks within the transportation sector. Operations focus on electrification through systems that include electric powertrains, capacitors integrated with artificial intelligence algorithms, and electric motorization components. These solutions support hybrid vehicle integration for commercial applications.
Effenco's top competitors include XL Fleet Electrification, Magtec and Hybritek.
Effenco has 5 investors. Key investors include BDC, Invest Quebec, Centre d'excellence en efficacité énergétique, David Arsenault, and Sustainable Development Technology Canada.