About FTEX
FTEX is a company based in Montreal (Canada) founded in 2019 by Alexandre Cosneau. It operates as a Technology-Driven Models. FTEX has raised $1.89 million across 3 funding rounds from investors including Blue Vision Capital, TGIC 2 and Sustainable Development Technology Canada. FTEX offers products and services including Evionics App and IoT Motor Controller. FTEX operates in a competitive market with competitors including Dynamic Controls, Blubrake, Greenerg, DeeBike App and Innotorq, among others.
- Headquarter Montreal, Canada
- Founders Alexandre Cosneau
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Sectors
Transportation, Automotive & Logistics
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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
$1.89 M (USD)
in 3 rounds
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Latest Funding Round
$1.4 M (USD), Seed
Aug 30, 2022
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Investors
Blue Vision Capital
& 4 more
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Employee Count
Employee Count
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Products & Services of FTEX
FTEX offers a comprehensive portfolio of products and services, including Evionics App and IoT Motor Controller. 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.
Control over electric vehicles is provided through this app.
Seamless connection with Evionics Suite is enabled for efficiency.
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Funding Insights of FTEX
FTEX has successfully raised a total of $1.89M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.4 million completed in August 2022. 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 Seed — $1.4M
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First Round
First Round
(07 Oct 2021)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Seed - FTEX | Valuation | Blue Vision Capital , TGIC 2 |
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| Dec, 2021 | Amount | Grant - FTEX | Valuation |
investors |
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| Oct, 2021 | Amount | Seed - FTEX | Valuation |
investors |
| 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 FTEX
FTEX has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Blue Vision Capital, TGIC 2 and Sustainable Development Technology 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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Blue Vision Capital is focused on backing seed stage companies in industrial transformation.
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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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Student-founded startups are supported through early-stage investments.
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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 FTEX
| 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 - FTEX
| 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 |
Ftex Comparisons
Competitors of FTEX
FTEX 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 Dynamic Controls, Blubrake, Greenerg, DeeBike App and Innotorq, 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 |
Electric controls for wheelchairs and scooters are manufactured and developed.
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| domain | founded_year | HQ Location |
Anti-lock braking systems for e-bikes and e-cargo bikes are supplied.
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| domain | founded_year | HQ Location |
EV components and mobility solutions are developed by Greenerg.
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| domain | founded_year | HQ Location |
Develops innovative technologies for electric vehicle networking products.
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| domain | founded_year | HQ Location |
Provider of sensor and drive system for electric bicycles
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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 Ftex
Frequently Asked Questions about FTEX
When was FTEX founded?
FTEX was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is FTEX located?
FTEX is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
Is FTEX a funded company?
FTEX is a funded company, having raised a total of $1.89M across 3 funding rounds to date. The company's 1st funding round was a Seed of $485K, raised on Oct 07, 2021.
What does FTEX do?
Smart powertrain solutions for electric vehicles are developed by FTEX, focusing on enhancing efficiency through GaN technology. Operations are centered in the electric vehicle sector, with innovative products like the Evionics App and IoT Motor Controller being offered. Sustainable mobility is prioritized through diverse expertise at their Montreal Lab, where solutions for future electric vehicles are created.
Who are the top competitors of FTEX?
FTEX's top competitors include Blubrake, Dynamic Controls and Greenerg.
What products or services does FTEX offer?
FTEX offers Evionics App and IoT Motor Controller.
Who are FTEX's investors?
FTEX has 5 investors. Key investors include Blue Vision Capital, TGIC 2, Sustainable Development Technology Canada, Front Row Ventures, and Ecofuel Fund.
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