# Effenco Development

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/effenco-development

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Montreal, Canada
- Website: www.effenco.com
- Total disclosed funding: $20M
- Latest round: Series B (Sep 11, 2020)
- Investors on record: 4

## About

Founded in 2006 and based in Montreal, Canada, Effenco Development Inc. develops electric hybrid technology solutions for heavy vocational trucks that help reduce fuel costs and gas emissions.

## Funding rounds

- Series B, Sep 11, 2020, $7.6M — Investment Quebec, Business Development Bank of Canada, Center of Excellence in Energy Efficiency
- Series A, Dec 14, 2018, $12M — BDC Capital, Investment Quebec

## Investors

- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series A
- Investment Quebec (https://capitalatlas.ai/funds/investment-quebec) — Series A, Series B
- Business Development Bank of Canada — Series B
- Center of Excellence in Energy Efficiency (https://capitalatlas.ai/funds/center-of-excellence-in-energy-efficiency) — Series B