# Éocycle Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/eocycle-technologies

- Industry: Power & Utilities
- Headquarters: Montreal, Canada
- Website: www.eocycle.com
- Total disclosed funding: $15M
- Latest round: Series A (Apr 17, 2024)
- Investors on record: 2

## About

Based in Quebec, Canada, and founded in 2001, Éocycle Technologies Inc., a.k.a. Eocycle is a developer, manufacturer, and marketer of small wind turbines designed for the on-site production of clean electricity. In April 2024, Éocycle Technologies Inc. raised CAD 20 million in a Series A funding led by Innovation, Science, and Economic Development Canada, with participation from Fonds de solidarité FTQ. The round was part of a larger CAD 25 million in Series A and debt funding. As of April 2024, Richard Legault is the CEO of the company.

The company provides an EOX S-16 turbine with minimal moving parts and no gearbox, ensuring high reliability and low maintenance costs. The EOX S-16 turbine features connectivity to the power grid and battery backup compatibility, making it ideal for small farms and enterprises, delivering consistent energy output. Eocycle also offers EOX M-Series turbines that provide reliability and efficiency through smart design and innovative technology. Featuring the Just Enough Essential Parts (JEEP) design philosophy, the EOX M-Series minimizes failure-prone components.

The company plans to use its proceeds from April 2024 funding to add more employees and expand its global footprint.

## Funding rounds

- Series A, Apr 17, 2024, $15M — Innovation, Science and Economic Development Canada, Fonds de solidarite FTQ

## Investors

- Innovation, Science and Economic Development Canada — Series A
- Fonds de solidarite FTQ (https://capitalatlas.ai/funds/fonds-de-solidarite-ftq) — Series A