Quebec City-based AddÉnergie has raised $12.8 million in venture capital from the Caisse de dépôt et placement du Québec (CDPQ) and Investissement Québec. The company manufactures smart charging solutions for electric vehicles.
The Caisse provided $8.5 million while Investissement Québec added $4.3 million.
“We are privileged to be making a tangible contribution to the future of transportation, not only in Québec but across the country,” said CEO Louis Tremblay.
The company already supplies charging stations, software and management services to the Electric Circuit and the VERnetwork, the two largest electric vehicle charging station networks in Canada. While AddÉnergie currently operates close to 2,000 charging stations, it feels the new investment will help it get to its goal of 8,000 new charging stations across Canada in the next five years.
“Our investment aims to further the development of leading-edge Québec expertise in a sector vital to our future. Alongside AddÉnergie, Investissement Québec is supporting a growth opportunity for Québec’s hybrid and electric vehicle industry,” said Pierre Gabriel Côté, CEO of Investissement Québec.
Founded in 2009, AddÉnergie calls itself the leader in innovative charging solutions. The company now has more than 50 employees, who work out of its head office in Québec City, its production plant in Shawinigan and its sales office in Mississauga, Ontario.