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
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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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
Employee Count
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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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $7.6M
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First Round
First Round
(17 Dec 2018)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2020 | Amount | Series A - Effenco | Valuation | Invest Quebec , Center of Excellence in Energy Efficiency | |
| Jun, 2020 | Amount | Grant - Effenco | Valuation |
investors |
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| Dec, 2018 | Amount | Series A - Effenco | Valuation | BDC |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Financial support is offered for energy efficiency innovations in Canada.
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Founded Year | Domain | Location | |
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Venture capital firm focused on investing in clean tech sectors
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Founded Year | Domain | Location | |
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Business guidance for corporate companies and startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Effenco
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Effenco
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Effenco Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-enabled fleet electrification systems are provided for commercial vehicles.
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| domain | founded_year | HQ Location |
Drive systems and components for commercial electric vehicles are supplied.
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| domain | founded_year | HQ Location |
Develops innovative hybrid electric technologies for commercial vehicles.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Effenco
Frequently Asked Questions about Effenco
When was Effenco founded?
Effenco was founded in 2006 and raised its 1st funding round 12 years after it was founded.
Where is Effenco located?
Effenco is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
Who is the current CEO of Effenco?
David Arsenault is the current CEO of Effenco. They have also founded this company.
Is Effenco a funded company?
Effenco is a funded company, having raised a total of $19.58M across 3 funding rounds to date. The company's 1st funding round was a Series A of $12M, raised on Dec 17, 2018.
What does Effenco do?
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.
Who are the top competitors of Effenco?
Effenco's top competitors include XL Fleet Electrification, Magtec and Hybritek.
Who are Effenco's investors?
Effenco has 5 investors. Key investors include BDC, Invest Quebec, Centre d'excellence en efficacité énergétique, David Arsenault, and Sustainable Development Technology Canada.