Transportation and Logistics

goeasy Canada Drives’ largest creditor

Ted Liu

goeasy Ltd. is revealed as the largest creditor in Canada Drives which filed CCAA protection on March 20, 2023. Canada Drives owed $82.46M (94% of total debt) to goeasy, TD Bank, KAR Global, Automotive Finance Canada, Canada Revenue Agency (CRA).

NPC and IQ complete $40.15M investment in Taiga Motors

CPE News

Taiga Motors closed $40.15M secured convertible debentures financing with Northern Private Capital (NPC) and Investissement Québec (IQ). NPC's Andrew Lapham, Michael Fizzell and Francis (Frank) Séguin and IQ's Marc Fortin will join Taiga board of directors.

Westcap invests in 18 Wheels Logistics

CPE News

Westcap Mgt. Ltd. through Westcap MBO III Investment LP invested in 18 Wheels Logistics to form 18 Wheels Holdings Limited Partnership.

Bird Global raises US $3M adding to US $30M Bird Canada acquisition financing

CPE News

Bird Global, issued additional US $3M Convertible Senior Secured Notes, bringing total notes issuance to US $60M including $27M issued for the acquisition of Bird Canada and US $30M issued concurrent with acquisition.

Torc Robotics to acquire GM Ventures backed Algolux

CPE News

Daimler Truck AG's Torc Robotics to acquire Algolux from Allan Benchetrit led management shareholders and GM Ventures, Generation Ventures, Drive Capital, Forté Ventures, Real Ventures, Intact Ventures, Alumni Ventures Group, Playground Ventures.

Calin Rovinescu joins Plusgrade board

CPE News

Calin Rovinescu, former CEO of Air Canada, joined Novacap and CDPQ backed and Ken Harris led Plusgrade board of directors and became an investor.

WeeL secures $750K financing led by Canada Tire

CPE News

Rob Ostfield founded WeeL secured $750K funding led by Canada Tire Inc. with participation of Michael Galego, Stephen Arbib, Lorne Gertner, and others.

BluWave secures $9.5M Series A

CPE News

Devashish Paul founded BluWave secured $9.5M Series A funding led by PowerON Energy Solutions/Ontario Power Generation with participation of private investors led by Capital Angels Network. Ontario Power's James Brewer joined BluWave board of directors.

CDPQ acquires 50% of A25 Concession from Transurban

CPE News

Caisse de dépôt et placement du Québec (CDPQ) reached an agreement for the acquisition of a 50% co-control interest in A25 Concession from Transurban Group (ASX: TCL) for CDN $355M.

Volvo Group Venture Capital invests in Waabi

CPE News

Raquel Urtasun founded Waabi secured a strategic investment from Volvo Group Venture Capital (VGVC), following US $83.5M Series A in 2021 led by Khosla Ventures with participation of Uber, Radical Ventures, 8VC, OMERS Ventures, BDC Capital, and others.

Power Sustainable Capital invests US $25M in Lion Electric US $50M offering

CPE News

Power Sustainable Capital Inc. increased stake in The Lion Electric Company (NYSE/TSX: LEV) from 33.9% to 35.4% with investment of US $25M, part of Lion Electric's US $50M offering led by B. Riley Securities and National Bank Financial Inc.

GoBolt secures $75M Series C financing

CPE News

Heindrik Bernabe and Mark Ang founded GoBolt secured $75M in Series C funding led by Yaletown Partners and Export Development Canada (EDC), with participation from BDC Capital, Northleaf Capital Partners, Whitecap Venture Partners, MIG Group, BMO Capital Partners and Ingka Investments. Eric Bukovinsky, Partner of Yaletown Partners, joined GoBolt board of directors.

PFM, BDC Capital and Roynat acquire Sexton Family of Companies

CPE News

PFM Capital Inc., BDC Capital and Roynat Equity Partners, acquired a majority interest in Sexton Family of Companies. Sexton Investments will retain a minority ownership interest.

Intercap Equity to increase EINC stake with $20M investment

CPE News

Jason Chapnik's Intercap Equity Inc., controlling shareholder of E Automotive Inc. d/b/a EINC (TSX: EINC), to increase EINC stake from 69.3% to 72.1% through $20M investment. Prelude to take EINC private?

Attabotics secures US $71.7M Series C-1 led by EDC

CPE News

Scott Gravelle led Attabotics secured US $71.7M Series C-1 funding led by Export Development Canada (EDC) with participation from Teachers’ Venture Growth (TVG) of Ontario Teachers’ Pension Plan Board.

Trexity secures $1M seed financing

CPE News

Alok Ahuja, Mathieu Bouchard and Darren Schnare's Trexity secured $1M seed funding from AQC Capital and Anges Quebec

Busbud acquires Betterez from Amadeus Ventures

CPE News

LP Maurice led and Fonds de solidarité FTQ and Canadian Business Growth Fund (CBGF) backed Busbud acquired Betterez from founder, Tal Shalit, and backers Amadeus Ventures and JetBlue Ventures.

Hopper secures US $96M financing at US $5B valuation

CPE News

Hopper secured US $96M follow on investment from Capital One at US $5B valuation. Frederic Lalonde, CEO of Hopper, WestCap, and Caisse de dépôt et placement du Québec (CDPQ) remain as top three shareholders.