Best Electric Vehicles Companies in Canada
The 226 best Electric Vehicles companies in Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Novonix.
Canada's Electric Vehicles sector is moving fast, and this directory ranks 226 companies by disclosed equity funding and recent funding momentum to show you exactly where the capital is landing. Total disclosed funding sits at $1.1B across the tracked companies, with dcbel leading the field at $98M raised, followed by SWTCH at $38M and GreenPower at $33M. No unicorns yet, but the funding stack is real and growing.
The broader market context backs the momentum. Global EV expansion is projected at a CAGR of roughly 41.2%, driven by fuel price pressure, emissions targets and government incentives that are actively reshaping capital allocation here. App-layer data tells the same story: median install growth across electric utilities, electrical equipment and motor vehicle manufacturing apps hit roughly 19% year-over-year across 223 tracked products, a signal I find hard to ignore. Coverage is rising fast, with EV powertrain advancements and next-generation EV platforms drawing the most attention from analysts and investors alike. Financing access remains a friction point globally, as EV financing gaps continue to slow adoption even in high-growth markets. The companies here are building through that constraint.
Our analysis of 331 Electric Vehicles companies
$42.9b in tracked funding; 71% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2022.
Ranked: Best Electric Vehicles companies in Canada
| # | Company | Disclosed funding | Last round | Employees | Founder | Tech stack | Market signals (1y) | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Novonix Manufacturer of synthetic graphite, cathode materials, and cell testing equipment | $250M | 31 mo ago | 210 | Chris Burns CEO | WordPressBugHerdMySQL+36 | — | — | — |
| 2 | Flo Platform providing electric-vehicle charging network and services | $149M | 24 mo ago | 600 | Louis Tremblay Founder & Chief Executive Officer | WordPressApple iCloud MailMicrosoft 365+44 | — | — | — |
| 3 | The Lion Electric Manufacturer of all-electric school buses and related electric vehicle services | $144M | 35 mo ago | 1,350 | Marc Bedard Founder & CEO | WordPressApple iCloud MailMicrosoft 365+21 | — | — | 1 partnership |
| 4 | dcbel Developer of a home energy management system. This system allows homeowners to monitor, manage, and optimize… | $98M | 9 mo ago | 70 | Ronald Denom Co-Founder & COO | WordPressApple iCloud MailMicrosoft 365+45 | — | 105 patents Bidirectional power converters for EV charging and household‑grid energy management | — |
| 5 | TM4 Drivetrains for electric and hybrid vehicles | $85M | 82 mo ago | 588 | — | — | — | 314 patents Advanced power electronics and electric machine thermal/thermal‑interface solutions | — |
| 6 | Damon Developer of electric motorcycles and related digital platform for riders | $66M | 41 mo ago | 68 | Dom Kwong Co-Founder | Apple iCloud MailMicrosoft 365Node.js+29 | — | — | — |
| 7 | SWTCH Provider of EV charging management systems | $38M | 12 mo ago | 76 | Carter Li CEO | RubyAuth0Auth0 Lock+31 | — | — | 1 partnership |
| 8 | GreenPower Manufacture of multiple categories of electric commercial vehicles | $33M | 3 mo ago | 40 40 → 60 (+50%) | Fraser Atkinson CEO | WordPressMySQLPHP+27 | 26 signals ▼19% Regulatory · Announcements · Funding | — | 1 launch |
| 9 | ChargeLab Provider of electric vehicle station management solution | $30M | 38 mo ago | 48 | Ehsan Mokhtari Co-Founder & CTO | HubSpot CMS HubApple iCloud MailGoogle Workspace+26 | — | — | 1 launch |
| 10 | 7Gen Provider of end-to-end fleet electrification solutions | $28M | 13 mo ago | 34 | Mark Bayley Co-Founder & Vice President; Finance & Risk | HubSpot CMS Hubcore-jsHubSpot Analytics+8 | — | — | — |
| 11 | Tenet Computer Group Provider of auto financing solutions for buying electric vehicles 35Tech top 35%Talent top 38%Funding top 42%Fin. health bottom 49% All 7 signals ▾Techtop 35% Talenttop 38% Fundingtop 42% Fin. healthbottom 49% Globalbottom 45% Marketbottom 37% Growthbottom 25% Tech: 33 technologies across 5/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 35/100 | $28M | 31 mo ago | 39 | Andreas Wallendahl Co-Founder & CEO | ContentfulSentryApple iCloud Mail+25 | — | — | — |
| 12 | Effenco Developer of electrification and connectivity systems for heavy-duty vocational trucks | $20M | 69 mo ago | 67 | David Arsenault Co-Founder & CEO | — | — | — | — |
| 13 | Delta-Q Technologies Battery charging solutions | $17M | 193 mo ago | 126 | Ken Fielding Co-Founder & CEO | WordPressMySQLMariaDB+36 | — | 23 patents Patents concentrated in transport & manufacturing processes | 1 launch · 1 award |
| 14 | Vicinity Developer of electric-buses | $17M | 60 mo ago | 57 | William Trainer Founder & CEO | — | — | — | — |
| 15 | eLeapPower Developer of powertrain system for multi-category electric vehicles | $16M | 54 mo ago | 28 | Russell Pullan CEO | — | — | 58 patents Electric vehicle onboard charging and wireless power integration with advanced power electronics | — |
| 16 | Loop Energy Developer of hydrogen fuel cells for heavy-duty vehicles | $15M | 49 mo ago | 134 | — | — | — | 46 patents Patents concentrated in electrical & electronics | — |
| 17 | Enedym Manufacturer of electric motors for multiple categories of vehicles 48Patents top 26%Moat top 32%Funding top 33%Growth top 35% All 11 signals ▾Patentstop 26% Moattop 32% Fundingtop 33% Growthtop 35% Talenttop 38% Innovationtop 44% Producttop 46% Techbottom 49% Globalbottom 43% Newsbottom 42% Marketbottom 30% Patents: 39 patents matched (strict assignee match) · 27 filings since 2022 vs 12 in 2017-21 Moat: Editorial + unicorn rating 7/10 · IP moat: 39 patents rank vs industry peers · Fliar Intelligence Index 48/100 | $15M | 7 mo ago | 36 | Randy Reisinger Co-Founder | WordPressApple iCloud MailGoogle Workspace+22 | — | 39 patents Efficient, low-noise switched reluctance motor systems for renewable and industrial drives | 1 launch |
| 18 | Solace Power Offering wireless charging infrastructure using Resonant Capacitive coupling | $9M | 4 mo ago | 43 | Neil Chaulk Chief Executive Officer | WebflowTypekitGoogle Font API+17 | — | 169 patents Wireless power transfer hardware—coils, transmitters, and advanced rectifier circuits. | — |
| 19 | Hypercharge Online platform offering charging solutions | $9M | 7 mo ago | 17 | David Bibby Co-Founder & Chief Executive Officer | WordPressMySQLPHP+33 | 7 signals Earnings · Leadership | — | 1 expansion · 1 award |
| 20 | Open Ocean Robotics Developer of autonomous uncrewed surface vehicles for maritime security and data | $6M | 19 mo ago | 34 | Julie Angus Co-Founder & CEO | Wix eCommerceWixSentry+15 | — | 4 patents Self-righting trimaran autonomous marine vessels for offshore robotics | 1 award |
| 21 | RVE Provider of home charging solutions for electric vehicles | $6M | 31 mo ago | — | David Corbeil Co-Founder & President | — | — | — | 1 launch |
| 22 | Dubuc Motors Developer of electric sports car | $5M | 97 mo ago | 2 | Mike Kakogiannakis Co-Founder & COO | — | — | — | — |
| 23 | EV Battery Technologies Provider of AI based battery management solutions | $5M | 62 mo ago | — | Jie Li Co-Founder | — | — | — | — |
| 24 | Rapid Electric Vehicles Vehicle-to-Grid energy management system | $5M | 196 mo ago | — | Jay Giraud CEO | — | — | — | — |
| 25 | Vision Marine Technologies Developer of electric boats | $4M | 29 mo ago | 38 | Alexandre Mongeon CEO | WordPressTypeScriptPHP+30 | 15 signals Earnings · Contracts · Announcements | 12 patents Secure electric marine propulsion: battery packs, powertrain control, cooling, torque fuse, authentication. | 1 launch · 2 partnerships · 1 expansion |
| 26 | ChargerQuest Operator of electric vehicle charging solutions | $3M | 60 mo ago | 3 | Christopher Misch Founder & CEO | — | — | — | — |
| 27 | Gbatteries AI-based lithium-ion battery charging solutions for electric vehicles | $3M | 75 mo ago | 43 | Kostyantyn Khomutov Co-Founder | Webflowcore-jsjQuery+6 | — | — | — |
| 28 | Loop Scooters Electric scooter sharing service | $3M | 78 mo ago | 4 | Anwar Sukkarie Founder & CEO | — | — | — | — |
| 29 | BionX International Electric drive systems for bicycles | $2M | 106 mo ago | — | Manfred Gingl CEO | — | — | — | — |
| 30 | FTEX Developer of AI-enabled power-electronic components for multi-category electric vehicles | $2M | 45 mo ago | 27 | — | WordPress Block EditorWordPressMySQL+25 | — | 6 patents High-efficiency electric power conversion systems for light electric vehicles and EVs | — |
| 31 | ReliON Platform offering charging management solution | $2M | 23 mo ago | — | Jesse White Co-Founder & CTO | WordPress Block EditorWordPress Site EditorWordPress+31 | — | — | 2 launchs |
| 32 | Mogile Technologies Provider of EV charging location data and dealership education services for EVs | $2M | 81 mo ago | — | Simon Ouellette Co-Founder & CEO | — | — | — | — |
| 33 | Green Graphite Technologies Developer of graphite-based batteries for electric vehicles 11Moat top 31%Innovation top 41%Patents top 42%Talent bottom 45% All 8 signals ▾Moattop 31% Innovationtop 41% Patentstop 42% Talentbottom 45% Fundingbottom 37% Globalbottom 31% Techbottom 25% Marketbottom 9% Moat: Editorial + unicorn rating 7/10 · IP moat: 11 patents Innovation: 11 patents (top 62% of patent-holders) · 11 filings since 2022 vs 0 in 2017-21 rank vs industry peers · Fliar Intelligence Index 11/100 | $2M | 32 mo ago | 3 | Gillian Holcroft Co-Founder & CEO | WordPressMySQLPHP+12 | — | 11 patents High‑purity particulate graphite production for lithium‑ion battery anodes | — |
| 34 | Laflamme Aero Developer of aerial systems and related technologies for various applications | $2M | 76 mo ago | 17 | — | WordPressMySQLPHP+23 | — | 4 patents Helicopter rotor hub design and integration for improved rotor assembly performance | — |
| 35 | Zen Manufacturer of electric bicycles | $1M | 39 mo ago | 7 | — | Cart FunctionalityShopifyZURB Foundation+34 | — | — | — |
| 36 | Barnstorm Agtech Developer of cloud-based software for agricultural data analysis and management | $1M | 42 mo ago | 6 | — | — | — | — | — |
| 37 | Dana TM4 Manufacturer of electric and hybrid powertrain systems | $824K | 66 mo ago | 270 | — | Tailwind CSSAzureApache HTTP Server+5 | — | 99 patents Advanced electric motor and drive components: rotor design, cooling, power electronics, monitoring. | — |
| 38 | InMotive Transmission systems for electric vehicle motors | $600K | 31 mo ago | 33 | — | — | — | 15 patents Segmented pulley transmission and actuator mechanisms for compact high‑torque robotics. | — |
| 39 | Kiwi Charge Platform offering a subscription model for electric vehicle charging | $500K | 4 mo ago | — | Abdel Ali Founder | TurbopackNode.jsRadix UI+9 | — | — | 1 job opening |
| 40 | Lito Motorcycles Manufacturer of electric motorbikes | $425K | 121 mo ago | 5 | Jean Legris Founder | — | — | — | — |
| 41 | Renewz Solar-powered carports for EV charging | $350K | 118 mo ago | — | Sass Peress Founder & CEO | — | — | — | — |
| 42 | Exro Developer of power control system technologies for electric vehicles and storage | $313K | 17 mo ago | 125 | — | WebflowApple iCloud MailMicrosoft 365+22 | 5 signals ▼83% Leadership · Earnings | 36 patents Advanced multi‑phase generator designs with adaptive coil configurations for efficient power conversion | — |
| 43 | Portable Electric Provider of mobile power stations and electric equipment charging solutions | $250K | 66 mo ago | 56 | — | WordPressMySQLPHP+15 | — | — | 1 launch |
| 44 | Biktrix Mid-drive electric fat bikes | $250K | 82 mo ago | 38 | Aathmeeya MK Co-Founder | Cart FunctionalityShopifySentry+44 | — | — | — |
| 45 | Cheelcare Manufacturer of smart power wheelchairs | $174K | 16 mo ago | 10 | Eugene Cherny Co-Founder & CEO | Cart FunctionalityShopifyShop Pay+13 | — | — | 1 launch |
| 46 | LTS Marine Provider of comprehensive solutions for the marine industry and its clients | $150K | 113 mo ago | — | Mr. Jean Lavigne Co-Founder | — | — | — | — |
| 47 | Roll Scooter App-based platform offering electric kick-scooter sharing services | $120K | 59 mo ago | 10 | Richard Cao Founder & CEO | — | — | — | — |
| 48 | Electra Meccanica Manufacturer of electric cars | $109K | 84 mo ago | 161 | — | Cart FunctionalityApple iCloud MailMicrosoft 365+25 | — | — | — |
| 49 | nectar Provider of electric vehicle charging solutions | $100K | 37 mo ago | 5 | — | — | — | — | — |
| 50 | Concept GEEBEE Developer of electric two-wheelers | $100K | 54 mo ago | 6 | Jean-Luc Le Nevannau Founder | WordPressMySQLRedis+18 | — | — | — |
Top 12 Electric Vehicles companies in Canada
#1
Public · Vancouver, British Columbia · founded 2010 · 40 employees$33.2Mraised▾
Manufacture of multiple categories of electric commercial vehicles. The company develops vehicles with features that includes lithium-ion batteries, speed charging, and more.
- Feb 2026Post IPO$879.7K
- Nov 2025Post IPO$18M
- May 2019Post IPO$4M
- Oct 2017Post IPO$2.2M
#2
Series C · Montreal, Montreal · founded 2015 · 70 employees$97.5Mraised▾
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- Sep 2025Series C—
- Mar 2025Series C$55M
- Aug 2023Series B$50M
- May 2023Series B—
#3
Series C · Mount Pearl, Newfoundland And Labrador · founded 2007 · 43 employees$9.5Mraised▾
Offering wireless charging infrastructure using Resonant Capacitive coupling. It is developing a wireless charging technology using resonant capacitive coupling to charge mobile devices such as cell phones, tablets, drones as well as various military and industrial applications. The technology is helpful in charging as compare to other forms such as inductive since there is no requirement to keep the charging device in any particular position which allows complete spatial freedom and misalignment of devices.
- Feb 2026Series C$10.3M
- Dec 2023Series B$7.1M
- Jul 2019Series A$60K
- Jun 2017Series A$2.3M
#4
Series A · Hamilton, Ontario · founded 2010 · 36 employees$15Mraised▾
Manufacturer of electric motors for multiple categories of vehicles. The platform offers users electric motors, power turbines, generators, and more. They provide their services for commercial buildings, data centers, defense, greenhouses, healthcare, marine, mining, and more.
- Nov 2025Series A—
- Feb 2022Grant (prize money)$2.4M
- Jun 2021Series A$15M
#5
Series B · Toronto, Ontario · founded 2018 · 76 employees$38Mraised▾
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.
- Jun 2025Series B$4M
- Apr 2024Series B$27.2M
- Apr 2022Series A$10M
- Apr 2022Conventional Debt$3M
#6
Public · North Vancouver, British Columbia · founded 2021 · 17 employees$9Mraised▾
Online platform offering charging solutions
- Nov 2025Post IPO$2.7M
- Apr 2025Post IPO$608.8K
- Mar 2025Post IPO$727.9K
- Apr 2023Post IPO$5M
#7
Series A · Vancouver, British Columbia · founded 2020 · 34 employees$28Mraised▾
Provider of end-to-end fleet electrification solutions. The company develops charging infrastructure and vehicle leasing projects that enable commercial fleet managers to convert to electric vehicles. It also works with fleet operations to implement EV deployments by bridging the gaps between investors, owners, operators, charger manufacturers, and policy makers.
- Apr 2025Conventional Debt$34.7M
- Jul 2022Series A$8M
- 2021Series A$20M
#8
Series E · Quebec City, Quebec · founded 2009 · 600 employees$148.8Mraised▾
Platform providing electric-vehicle charging network and services. It operates a widespread network of public, residential, and commercial EV charging stations across North America. The platform offers both home and public charging solutions, including fast chargers, and supports drivers with tools to locate stations and manage charging sessions.
- Jun 2024Series E$98.8M
- Apr 2016Series A$12.8M
#9
Seed · Toronto, Ontario · founded 2023$500Kraised▾
Platform offering a subscription model for electric vehicle charging. It provides portable chargers delivered to customers. It offers Charging-as-a-Service for EV owners in existing buildings that lack the charging infrastructure due to retrofit costs and EV adoption.
- Feb 2026Seed$500K
#10
Public · Bedford, Nova Scotia · founded 2013 · 210 employees$250.4Mraised▾
Manufacturer of synthetic graphite, cathode materials, and cell testing equipment. The company provides materials designed for lithium-ion batteries. It offers cell testing equipment for evaluating battery performance. The company also provides research and development services for battery innovation, including prototyping.
- Nov 2023Grant (prize money)$100M
- Aug 2021Post IPO$150M
- Aug 2017Grant (prize money)$399.9K
#11
Seed · Victoria, British Columbia · founded 2018 · 34 employees$6Mraised▾
Developer of autonomous uncrewed surface vehicles for maritime security and data. These solar-powered vehicles are designed for persistent operation in challenging waters. They provide real-time awareness and data collection for environmental monitoring and maritime security applications. The vehicles use edge artificial intelligence for vision and acoustic intelligence. They offer solutions for defense, research, offshore industries, and port monitoring.
- Oct 2024Seed$2M
- Jan 2022Seed$1.2M
- Dec 2021Seed$2.8M
- Jun 2019Grant (prize money)$100K
#12
Public · Saint Jerome, Quebec · founded 2008 · 1350 employees$143.6Mraised▾
Manufacturer of all-electric school buses and related electric vehicle services. The company provides electric vehicle services dedicated to fleet success. These services include energy consulting, charging solutions, and grant assistance. It also offers technical support, vehicle assistance, parts, training, software, maintenance, and warranty services.
- Jul 2023Post IPO$142M
- Apr 2015PE—
- Nov 2013Grant (prize money)$675K
- Mar 2011Grant (prize money)$915K
Funding & investor landscape
Notable founders
How research on Electric Vehicles is moving in Canada
A read on the academic research around Electric Vehicles — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 1,316 Canada-affiliated papers.
- McMaster University151
- University of Waterloo135
- Concordia University67
- Université de Sherbrooke65
- University of Toronto59
- Battery (electricity)13→42
- Automotive engineering22→49
- Electrical engineering6→27
- Power (physics)5→17
- Renewable energy4→15
- Automotive engineering88→158
- Power (physics)10→50
- Battery (electricity)50→89
- Energy consumption2→25
- Electrical engineering17→34
- Electrification1→14
- Automotive engineering12→23
- Electrical engineering2→12
- Battery (electricity)5→14
- Transport engineering1→8
Where electric vehicles is researched across Canada
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Who's filing electric vehicles patents in Canada
Canada electric vehicles patent filing is accelerating — 8,519 filings from 4,136 assignees (2016–2025), led by Hydro Quebec, Ballard Power Systems, Litens Automotive; annual filings 574→919.
- Hydro Quebec1195
- Ballard Power Systems569
- Litens Automotive386
- Hydrogenics385
- Research IN Motion369
- Bombardier Recreational Products351
- Magna INT302
- DANA Canada295
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.