About Loop Energy
Loop Energy is a company based in Burnaby (Canada) founded in 2013 was acquired by Teralta in December 2024. The company has 134 employees. Loop Energy operates in a competitive market with competitors including Celadyne, FCEV, Symbio, Pragma Industries and Pemeas, among others.
- Headquarter Burnaby, Canada
- Employees 134
- Stage Public
- SectorsTransportation, Automotive & LogisticsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website loopenergy.com
- Social LinkedIn
- Acquired by Teralta (Dec 2024)
Funding Insights of Loop Energy
- Total Rounds 4
- Last Round Grant — $7.58M
- First Round $7.5M
(Mar 2016)
- Investors Count 3
All 4 funding rounds of Loop Energy with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
4 investors in total: 4 institutional.
Investors in Loop Energy
Loop Energy has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Cummins, Innovation, Science and Economic Development Canada and Sustainable Development Technology Canada.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on investing in clean tech sectors | – | sdtc.ca | Ottawa, Canada | |
Provider of innovation, science and economic development services | 1993 | ic.gc.ca | Ottawa, Canada | |
Manufacturer of gas-powered construction equipment | 1919 | cummins.com | United States | |
End-to-end clean hydrogen production and distribution for industrial sectors. | 2021 | teralta.com | Chilliwack, Canada |
Investor details for Loop Energy
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People of Loop Energy
7 people are tracked at Loop Energy (5 in leadership, 2 in team); the tracked headcount is 134.
| Name | Role | Group |
|---|---|---|
Sophia Langlois, ICD.D, CPA-CA, CPHR | Corporate Director | Leadership |
Victor Manea | Vice President Operations | Leadership |
David Leger | Founder | Leadership |
Kirk Livingston | Senior Vice President APAC-China | Leadership |
Ahsan Maredia, ACA | Director, Corporate Finance And Controller | Leadership |
Steve Johanson | Facilities and Equipment Maintenance Manager | Team |
Avneet Kaur | Financial Accountant | Team |
Complete people profiles for Loop Energy
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Loop Energy
5 dated milestones of Loop Energy across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Loop Energy is founded.
- Funding First funding round of $7.5M.
- IPO Lists on the stock exchange (IPO).
- Funding Latest funding round, Grant, of $7.6M.
- Exit Acquired by Teralta.
Competitors of Loop Energy
Loop Energy 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 Celadyne, FCEV, Symbio, Pragma Industries and Pemeas, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| celadynetech.com | 2018 | Chicago, United States | $4.6M | 8 | Develops advanced membranes for hydrogen fuel cells and electrolyzer efficiency in energy sectors. | |
| ftxt-e.com | 2016 | Baoding, China | $219.95M | – | Batteries are manufactured by FCEV in Baoding, China. | |
| symbio.one | 2010 | Paris, France | – | – | Hydrogen fuel cell kits for electric vehicles are developed. | |
| pragma-industries.com | 2004 | Biarritz, France | $4.26M | – | Developer of fuel cell testing equipment and fuel cell stack | |
| pemeas.com | 2004 | Frankfurt, Germany | $31.58M | – | Develops components for fuel cell technology in the energy sector. | |
| terralix.com | 2020 | – | $8.69M | – | Fuel cells are manufactured and hydrogen-powered renewable energy is developed. | |
| innoreagen.com | 2017 | Beijing, China | $14.94M | – | Fuel cell stacks, systems, testing platforms, and solutions are developed. | |
| fcmt.co.kr | 2020 | Anyang, South Korea | $4.71M | – | Provider of hydrogen renewable energy services | |
| enerage.com | 2004 | Arcadia, United States | $4.3M | – | Provider of integrated test automation and lab management solutions for transportation and energy sectors |
Detailed competitors of Loop Energy
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Latest news on Loop Energy
Complete news archive for Loop Energy
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Similar companies to Loop Energy
10 companies that operate in the same segment as Loop Energy (Electric & Green Mobility), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765.74 M | – | – | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.71 B | – | – | |
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | – | – | |
Shared electric two-wheelers are rented via an online platform. | 2017 | Bengaluru, Karnataka, India | USD 187.54 M | USD 2.14 M | 251 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.15 M | USD 391.37 M | 1,620 | |
App-based platform offering electric kick scooter rental services | 2018 | Amsterdam, Netherlands | USD 211.85 M | – | – | |
Electric vehicles are manufactured and developed by Polestar. | 1996 | Goteborg, Vastra Gotaland, Sweden | USD 550 M | USD 3.06 B | 2,550 | |
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 1,247 | |
Multi-category electric vehicles are manufactured for diverse applications. | 1999 | Bedford, United States | USD 101.78 M | – | – | |
Autonomous aerial vehicles are provided for consumer and commercial uses. | 2014 | Guangzhou, Guangdong, China | USD 94 M | USD 58.15 M | 483 |
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Frequently Asked Questions about Loop Energy
Loop Energy was founded in 2013 and raised its 1st funding round 3 years after it was founded.
Loop Energy is headquartered in Burnaby, Canada. It is registered at Burnaby, British Columbia, Canada.
Loop Energy has 134 employees.
Loop Energy was founded in 2013 in Burnaby, Canada, within the clean energy sector. Hydrogen fuel cells tailored for heavy-duty vehicles are developed, with products including fuel cell extenders and stacks. Patented eFlow technology is employed in the development process. Operations emphasize performance optimization and cost efficiency, supporting applications in transportation and logistics across North America.
Loop Energy's top competitors include Pragma Industries, Symbio and FCEV.
Loop Energy has 4 investors. Key investors include Cummins, Innovation, Science and Economic Development Canada, Sustainable Development Technology Canada, and Teralta.
Yes. Loop Energy was acquired by Teralta in December 2024.