About Flo
Flo is a company based in Quebec City (Canada) founded in 2009 by Louis Tremblay.. Flo has raised $148.8 million across 2 funding rounds from investors including BDC, Caisse de depot et placement du Quebec and Export Development Canada. Flo offers products and services including FLO Home, FLO Ultra, FLO Mobile App, and CoRe+ Series. Flo operates in a competitive market with competitors including ChargeNet Holdings and AddEnergie Technologies, among others.
- Headquarter Quebec City, Canada
- Founders Louis Tremblay
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Email
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Phone
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Website
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Social
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- Legal Name Flo Services Usa Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$148.8 M (USD)
in 2 rounds
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Latest Funding Round
$136 M (USD), Series E
Jun 18, 2024
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Investors
BDC
& 5 more
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Employee Count
Employee Count
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Products & Services of Flo
Flo offers a comprehensive portfolio of products and services, including FLO Home, FLO Ultra, FLO Mobile App, and CoRe+ Series. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Residential EV charging device for personal use.
High-speed public charging station for quick EV recharges.
App for locating and managing EV charging sessions.
Durable EV chargers for business and public environments.
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Funding Insights of Flo
Flo has successfully raised a total of $148.8M across 2 strategic funding rounds. The most recent funding activity was a Series E round of $136 million completed in June 2024. 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 2
- Last Round Series E — $136.0M
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First Round
First Round
(06 Apr 2016)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series E - Flo | Valuation | Export Development Canada | |
| Apr, 2016 | Amount | Series A - Flo | Valuation | Caisse de depot et placement du Quebec , Invest Quebec |
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| 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 Flo
Flo has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include BDC, Caisse de depot et placement du Quebec and Export Development Canada. 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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Venture capital fund focused on growth-stage startups
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Founded Year | Domain | Location | |
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Investment strategies are provided across diverse asset classes and markets.
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Founded Year | Domain | Location | |
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Growth capital is provided to climate innovation companies.
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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 Flo
| 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 - Flo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Flo Comparisons
Competitors of Flo
Flo 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 ChargeNet Holdings and AddEnergie Technologies, 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 |
SaaS and AI-enabled platform offering electric vehicle charging and management solutions
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| domain | founded_year | HQ Location |
Electric-vehicle charging equipment and networking solutions are developed and supplied.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Flo
Frequently Asked Questions about Flo
When was Flo founded?
Flo was founded in 2009 and raised its 1st funding round 7 years after it was founded.
Where is Flo located?
Flo is headquartered in Quebec City, Canada. It is registered at Quebec City, Quebec, Canada.
Who is the current CEO of Flo?
Louis Tremblay is the current CEO of Flo. They have also founded this company.
Is Flo a funded company?
Flo is a funded company, having raised a total of $148.8M across 2 funding rounds to date. The company's 1st funding round was a Series A of $12.8M, raised on Apr 06, 2016.
What does Flo do?
Flo was founded in 2009 in Quebec City, Canada, and operates in the electric vehicle charging sector. Charging terminals are provided for personal and commercial applications, including models such as CoRe plus, SmartTWO, and SmartTWO-BSR. A network of stations is being expanded across North America. Smart home charging solutions are offered for single-family homes and multi-unit buildings, alongside turnkey EV charging services for property managers, businesses, employers, and municipalities.
Who are the top competitors of Flo?
Flo's top competitors include ChargeNet Holdings and AddEnergie Technologies.
What products or services does Flo offer?
Flo offers FLO Home, FLO Ultra, FLO Mobile App, and CoRe+ Series.
Who are Flo's investors?
Flo has 6 investors. Key investors include BDC, Caisse de depot et placement du Quebec, Export Development Canada, Invest Quebec, and Energy Impact Partners.
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