Potential Motors - About the company
Potential Motors is a series A company based in Fredericton (Canada), founded in 2018 by Isaac Barkhouse. It operates as an AI-enabled software solutions for vehicle control. Potential Motors has raised $6.43M in funding from Build Ventures and Brightspark Ventures. The company has 123 active competitors, including 34 funded and 16 that have exited. Its top competitors include companies like Mobileye, Aptiv and Phantom.
Company Details
AI-enabled software solutions for vehicle control. It offers solutions for electric vehicles, normal vehicles, and more. It controls vehicles on behalf of drivers with drive-by-wire steering, acceleration, and braking.
- Website
- www.potentialmotors.com/
- Registered Address
- 35 COBURN DRIVE, FREDERICTON
Key Metrics
Founded Year
2018
Location
Fredericton, Canada
Stage
Series A
Total Funding
$6.43M in 3 rounds
Latest Funding Round
Investors
Ranked
28th among 123 active competitors
Employee Count
3 as on Sep 30, 2026
Legal entities associated with Potential Motors
Potential Motors is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Potential Motors Inc. CIN: 10828025 , Canada, Active | Jun 07, 2018 | - | - | - |
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Potential Motors's funding and investors
Potential Motors has raised a total funding of $6.43M over 3 rounds. Its first funding round was on May 07, 2020. Its latest funding round was a Series A round on May 02, 2024 for $*****. 5 investors participated in its latest round. Potential Motors has 8 institutional investors.
Here is the list of recent funding rounds of Potential Motors:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 02, 2024 | 4057906 | Series A | 7610650 | 6539772 | 4536889 | 3115987 |
Nov 2021 | 8963645 | Series A | 2274780 | 8294349 | 4364132 | |
May 07, 2020 | 7011280 | Seed | 2536411 | 9814924 |
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Potential Motors' founders and board of directors
Founder? Claim ProfileThe founders of Potential Motors is Isaac Barkhouse. Sam Poirier is the CEO of Potential Motors.
Here are the details of Potential Motors' key team members:
- Isaac Barkhouse: Chief Technology Officer & Co-Founder of Potential Motors and founder of 1 other company.
Potential Motors' Board of Directors
Potential Motors's board has 5 active members. Mark Skapinker, Christopher Newton, Marcel LeBrun, Sam Poirier and Patrick Keefe are independent board members.Here is the list of Potential Motors' board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Independent board member | - | Current | 4y 10m | |
wqvippg | Independent board member | - | Current | 3y 9m |
zornnlf | Independent board member | - | Current | 5y 3m |
cctmjif | Independent board member | - | Current | 8y 4m |
vofieni | Independent board member | - | Current | 9y 8m |
View details of Potential Motors's Founder profiles and Board Members
Potential Motors' employee count trend
Potential Motors has 3 employees as of Sep 26. Here is Potential Motors's employee count trend over the years:
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Potential Motors's Competitors and alternates
Top competitors of Potential Motors include Mobileye, Aptiv and Phantom. Here is the list of Top 10 competitors of Potential Motors, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Developer of automated driving systems and vehicle safety sensor technology | $530M | 79/100 | ||
2nd | Aptiv 1994, Schaffhausen (Switzerland), Public | Provider of vehicle components, connectivity systems, and electrical distribution systems | - | 71/100 | |
3rd |  Phantom 2016, Burlingame (United States), Acquired | AI-enabled full-stack system provider for autonomous vehicles | $80.2M | 69/100 | |
4th | Platform for self driving car technology | $3.4B | 65/100 | ||
5th | Developer of computer vision and video coding semiconductor IP solutions | $2M | 55/100 | ||
6th |  Eatron 2017, Warwick (United Kingdom), Series A | AI and cloud-enabled battery management and motion control system | $15.1M | 53/100 | |
7th |  Pearl Auto 2014, Scotts Valley (United States), Series B | Developer of reverse parking sensors & backup camera | $50M | 53/100 | |
8th | _1573648736975.png?devicePixelRatio=2&height=30&width=30){kind=logo} Ottometric 2018, Boston (United States), Series A | Developer of verification software to automate autonomous driving validation and training process | $15.2M | 53/100 | |
9th | ESCORT 1978, West Chester (United States), Acquired | Tech-enabled platform offering driver alert system | - | 50/100 | |
10th | NovelIC Microsystems 2013, Belgrade (Serbia), Acquired | Semiconductor IP cores and design services with focus on RF/mm and analog solutions | - | 48/100 | |
28th |  Potential Motors 2018, Fredericton (Canada), Series A | AI-enabled software solutions for vehicle control | $6.43M | 36/100 |
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Potential Motors's Investments and acquisitions
Potential Motors has made no investments or acquisitions yet.
Reports related to Potential Motors
Here is the latest report on Potential Motors's sector:
News related to Potential Motors
•
Potential Motors secures CAD 2 million for AI-powered terrainMarkLines•May 09, 2024•Potential Motors
•
Potential obtains 2 million supplements dollars to put on the market for technologies for perception of the field food by AIlelezard.com•May 03, 2024•Potential Motors, Brightspark Ventures, Build Ventures, New Brunswick Innovation Foundation and 2 others
•
Potential Motors Seeks to Transform Concept of Off-Road Motoring with Innovative Technology and Design-Centered ApproachACCESSWIRE•Feb 13, 2023•Potential Motors
•
Potential Motors Adventure 1 Mini Overland EV Van Makes Public DebutInsideEVs•Oct 13, 2022•Potential Motors
•
Startup Called Potential Motors Reveals Small $136,600 Overlanding EVInsideEVs•Sep 16, 2022•Potential Motors
•
Potential Motors Closes $4 Million Cad to Improve Off-road Electric Vehicle PerformanceBetaKit•Feb 11, 2022•Potential Motors
•
Fredericton’s Potential Motors Raises $2.5 Million Seed RoundBetaKit•May 07, 2020•Potential Motors, Build Ventures, Brightspark Ventures, New Brunswick Innovation Foundation
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FAQs about Potential Motors
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