Maritime Tech startups in Canada
There are 107 Maritime Tech startups in Canada which include Corvus Energy, Kraken Robotics, Open Ocean Robotics, Vision Marine Technologies, ACEL Power. Out of these, 26 startups are funded, with 14 having secured Series A+ funding.
Over the past 10 years, an average of 4 new companies have been launched annually. Notably, several of these startups have been founded by alumni of University of Waterloo.
Here is the list of top Maritime Tech startups in Canada
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: $84.7M
- Investors: Morgan Stanley, Shell Ventures and 10 Others
- Latest Funding Round: Series C, Oct 10, 2025, $*****
- Tracxn Score: 64/100 What is this?
- Competitors Rank: 3 of 404 Competitors
Provider of unmanned maritime vehicles. It provides users with synthetic aperture sonars for seabed surveys with ultra-high resolution imagery and coverage rates, towed SAS vehicles, rim-driven thrusters, sensors, robotic systems, 3D laser imaging systems, and autonomous underwater vehicles. It also caters to military, defense, and commercial applications.
Key facts about Kraken Robotics
- Founded Year: 2008
- Location: Paradise Cove (Canada)
- Stage: Public
- Investors: Ocean Infinity and Canadian Space Agency
- Latest Funding Round: Post IPO, Oct 26, 2020, $*****
- Tracxn Score: 57/100 What is this?
- Competitors Rank: 9 of 285 Competitors
Provider of unmanned autonomous boats for oceanic observations. The company offers energy-harvesting unmanned autonomous boats equipped with sensors, cameras, and communication devices to collect ocean data. The boat uses solar and wind power, and produces no greenhouse gases, noise pollution, and the risk of oil spills.
Key facts about Open Ocean Robotics
- Founded Year: 2017
- Location: Victoria (Canada)
- Stage: Seed
- Total Funding till date: $6M
- Investors: Cindicates, Antares Ventures and 13 Others
- Latest Funding Round: Seed, Oct 24, 2024, $*****
- Tracxn Score: 52/100 What is this?
- Competitors Rank: 2 of 9 Competitors
Developer of electric boats. It provides users with electric powertrains for boats. Its features include electric propulsion, fibreglass and hardwood construction, cruise electric motors, Li-ion batteries, outboard retractable motors, Bluetooth radio and chargers, carbon fibre poles, boat covers, and underwater and navigational lights.
Key facts about Vision Marine Technologies
- Founded Year: 1995
- Location: Boisbriand (Canada)
- Stage: Public
- Investors: Invest Quebec and Quebec
- Latest Funding Round: Post IPO, Dec 21, 2023, $*****
- Tracxn Score: 47/100 What is this?
- Competitors Rank: 11 of 131 Competitors
5. ACEL Power
Manufacturer of electric outboard motors and propulsion systems. It designs and produces a complete electric propulsion system including the outboard motor, battery pack, charger, onboard computer, digital throttle, and smart key. The systems are designed for ease of use and integration, offering a plug-and-play solution. The company focuses on higher horsepower electric propulsion, providing enhanced performance and efficiency. A key feature is the integration with an app for monitoring and control of the system. The motors are designed for quiet operation and minimal environmental impact. The company also offers predictive and remote maintenance capabilities.
Key facts about ACEL Power
- Founded Year: 2021
- Location: Vancouver (Canada)
- Stage: Series A
- Total Funding till date: $10M
- Investors: Tau Capital
- Latest Funding Round: Series A, Jul 17, 2024, $*****
- Tracxn Score: 45/100 What is this?
- Competitors Rank: 2 of 13 Competitors
