Energy Storage Tech startups in Canada
There are 295 Energy Storage Tech startups in Canada which include ChargeLab, SWTCH, Flo, Corvus Energy, Electrovaya. Out of these, 113 startups are funded, with 58 having secured Series A+ funding.
Over the past 10 years, an average of 16 new companies have been launched annually. Notably, several of these startups have been founded by alumni of University of Toronto, University of Waterloo and McGill University.
Here is the list of top Energy Storage Tech startups in Canada
1. ChargeLab
Provider of electric vehicle station management solution. It offers an OCPP-compliant software that manages, controls, and monetizes the EV charging stations. It also offers turnkey Level 2 and Level 3 EV charging infrastructures for offices, buildings, and homes.
Key facts about ChargeLab
- Founded Year: 2019
- Location: Toronto (Canada)
- Stage: Series A
- Total Funding till date: $30M
- Investors: King River, Root Ventures and 10 Others
- Latest Funding Round: Series A, Apr 14, 2023, $*****
- Tracxn Score: 67/100 What is this?
- Competitors Rank: 5 of 460 Competitors
2. SWTCH
Provider of EV charging management systems. Its features include an EV charging platform that optimises charging and revenue management for property owners. It networks chargers with the internet to enable remote monitoring, access control, energy metering, billing and payments. Its app enables the monitoring and management of charging. It is available across both Android and iOS platforms.
Key facts about SWTCH
- Founded Year: 2018
- Location: Toronto (Canada)
- Stage: Series B
- Total Funding till date: $42M
- Investors: IBI Group, Blue Earth Capital and 18 Others
- Latest Funding Round: Series B, Jun 05, 2025, $*****
- Tracxn Score: 67/100 What is this?
- Competitors Rank: 6 of 460 Competitors
3. Flo
Developer of electric vehicle charging network. The platform provides electric vehicle charging piles for both personal & commercial purposes. The company has developed a range of charging terminals for multiple segments and aims to develop a network of electric vehicle charging stations across North America. Its offering includes CoRe plus, SmartTWO, and SmartTWO-BSR. It offers smart home charging solutions for both single-family houses and multi-unit residential buildings. The company also provides turnkey EV charging solutions to property managers, business owners, employers, and municipal authorities.
Key facts about Flo
- Founded Year: 2009
- Location: Quebec City (Canada)
- Stage: Series E
- Total Funding till date: $149M
- Investors: Caisse de depot et placement du Quebec, Invest Quebec and 4 Others
- Latest Funding Round: Series E, Jun 18, 2024, $*****
- Tracxn Score: 65/100 What is this?
- Competitors Rank: 1 of 3 Competitors
Developer of energy storage systems (ESS) based on lithium NMC technology. It provides users with a company designed and built for industrial, commercial, and high power applications. It provide solutions for commercial hybrid and electric vessels. Vessels and equipment hybridized or fully electrified with the ESS, consume less fuel, operate more efficiently and effectively, and emit substantially fewer greenhouse gases.
Key facts about Corvus Energy
- Founded Year: 2009
- Location: Richmond (Canada)
- Stage: Acquired
- Total Funding till date: $24.7M
- Investors: Equinor, Shell Ventures and 7 Others
- Latest Funding Round: Series B, Jan 19, 2024, $*****
- Tracxn Score: 63/100 What is this?
- Competitors Rank: 2 of 412 Competitors
5. Electrovaya
Manufacturer of lithium-ion battery. It produces portable lithium-ion batteries and battery management systems for a range of industries, including the automotive, power grid, medical, and mobile device industries.
Key facts about Electrovaya
- Founded Year: 1997
- Location: Mississauga (Canada)
- Stage: Public
- Investors: BEST Funds, Brigus Capital and 2 Others
- Latest Funding Round: Grant (prize money), Oct 17, 2024, $*****
- Tracxn Score: 62/100 What is this?
- Competitors Rank: 6 of 63 Competitors
