When was Effenco founded?

Effenco was founded in 2006 and raised its 1st funding round 12 years after it was founded.

Where is Effenco located?

Effenco is headquartered in Montreal, Canada.

Who is the current CEO of Effenco?

David Arsenault of Effenco. They have also founded 1 company.

How many employees does Effenco have?

As of Mar 31, 2026, the latest employee count at Effenco is 11.

Is Effenco a funded company?

Effenco is a funded company, having raised a total of $19.6M across 3 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Dec 17, 2018.

When was the latest funding round of Effenco?

Effenco's latest funding was a $***** Series A round on Sep 10, 2020, with participation from 3 investors. Its primary sector is Electric Vehicles. In Canada, the Electric Vehicles sector has seen $11.7M in funding in 2026 to date.

Where does Effenco rank among its competitors?

Effenco ranks 2nd amongst 3 active competitors, only 1 of which is funded. Effenco, which secured $7.58M in Sep, 2020.

Who are the top competitors of Effenco?

Effenco's top competitors include XL Fleet Electrification, Magtec and Hybritek. Among them, Effenco secured the most recent funding round in September, 2020.

Effenco - 2026 Company Profile, Team, Funding & Competitors

Effenco is a series A company based in Montreal (Canada), founded in 2006 by Benoit Lacroix and David Arsenault. It operates as a Developer of electrification and connectivity systems for heavy-duty vocational trucks. Effenco has raised $19.6M in funding from investors like BDC, Invest Quebec and Center of Excellence in Energy Efficiency. The company has 3 active competitors, including 1 funded and 1 that has exited. Its top competitors are XL Fleet Electrification, Magtec and Hybritek.

Company Details

Developer of electrification and connectivity systems for heavy-duty vocational trucks. The company provides electric and hybrid electric solutions for new and existing fleets. Their technology uses supercapacitors, which are suited to the energy needs of heavy-duty vehicles. The company’s systems reduce greenhouse gas emissions without impacting operations.

Website: www.effenco.com/
Social
Email ID: *****@effenco.com
Phone Number: +1 **********

Key Metrics

Founded Year

2006

Location

Montreal, Canada

Stage

Series A

Total Funding

$19.6M in 3 rounds

Latest Funding Round

Series A, Sep 10, 2020, $*****

Investors

BDC & 5 more

Ranked

2^nd among 3 active competitors

Employee Count

11 as on Mar 31, 2026

Similar Companies

XL Fleet Electrification & 2 more

View Effenco's full profile

Effenco has raised a total funding of $19.6M over 3 rounds. Its first funding round was on Dec 17, 2018. Its latest funding round was a Series A round on Sep 10, 2020 for $*****. 3 investors participated in its latest round. Effenco has 6 institutional investors.

Here is the list of recent funding rounds of Effenco:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 10, 2020	1045502	Series A	7821085	7109120	9158716	8295761
Jun 19, 2020	7346480	Grant (prize money)	6743791	5011354	3021663	Sustainable Development Technology Canada
Dec 17, 2018	3086471	Series A	9430865	8381931	BDC	Invest Quebec

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View details of Effenco's funding rounds and investors

The founders of Effenco are Benoit Lacroix and David Arsenault. David Arsenault is the CEO of Effenco.

Here are the details of Effenco's key team members:

Benoit Lacroix: Co-founder & Vice-President Business Intelligence of Effenco.
David Arsenault: Co-Founder & CEO of Effenco.
Contact Info: 1 email address

View details of Effenco's Founder profiles and Board Members

Effenco's employee count trend

Effenco has 11 employees as of Mar 26. Here is Effenco's employee count trend over the years:

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Top competitors of Effenco include XL Fleet Electrification, Magtec and Hybritek. Here is the list of Top 10 competitors of Effenco, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	XL Fleet Electrification 2009, Boston (United States), Acquired	Provider of cloud-enabled fleet electrification systems	$43M	Constellation Technology Ventures, IKEA & 7 others	56/100
2nd	Effenco 2006, Montreal (Canada), Series A	Developer of electrification and connectivity systems for heavy-duty vocational trucks	$19.6M	Sustainable Development Technology Canada, Invest Quebec ... & 4 others	46/100
3rd	Magtec 1992, Rotherham (United Kingdom), Funding Raised	Electric vehicle drive system and components for commercial electric vehicles	-	Advanced Propulsion Centre UK, Europa	42/100
4th	Hybritek 2018, South Africa, Deadpooled	Developer of hybrid electric technology for commercial vehicles	-	-	15/100