Financing opportunities and development
Organizations in Quebec’s electric and smart transportation (EST) ecosystem operate in a competitive environment. Propulsion Québec’s mission is to support them in their deployment. The cluster facilitates access to available sources of financing, subsidy programs and investment funds, regardless of a company’s stage of growth or level of technological maturity. In this way, it takes concrete action to make global financing for our sector accessible, and to make Quebec one of the best places in the world to start up and grow an EST company.
Propulsion Québec provides local and foreign investors with relevant information tailored to the EST sector in Quebec, and introduces them to the many opportunities offered by our forward-looking ecosystem.
Attract local and foreign businesses and investors with an improved Quebec funding chain at each growth stage. One way to do this is by creating an investment fund to support start-ups and maximize their chance of becoming champions.
Educate local investors on opportunities, business models, and innovative valuation methods in the EST sector.
Update and promote the EST business case to engage potential foreign co-investors.
EST Sector Funding Directory
Propulsion Québec has launched a major funding initiative to study and mobilize the ecosystem of companies and financial players in the EST sector. The project seeks to assess and document the state of the funding chain, better understand the funding needs of businesses wishing to secure their growth, and identify sources of local and international funding for the EST sector.
Interactive tool on ambitions and progress
Discover our participative tool that enables all ecosystem players to follow the progress of the 225 initiatives of our green industrial policy, grouped under 8 key strategic ambitions.
FINANCING | $50 million from Finalta Capital in non-dilutive financing dedicated to the Electric and Smart Transportation sector
Fast growing, innovative companies from the electric and smart transportation (EST) sector in Québec take advantage of the $50 million in funding dedicated to the EST ecosystem by Finalta Capital, one of Canada’s largest funds specialized in non-dilutive tax credit and government grant financing, announced in March 2023 as part of the Impulsion conference, the International EST Summit organized by Propulsion Québec.Read more
Marie Hélène Cloutier, Chair of Propulsion Québec’s Board of Directors, is proud to announce the appointment of Michelle LLambías Meunier as the cluster’s new CEO.Read more
Montreal, August 3, 2023 — Propulsion Québec, the cluster for Electric and Smart Transportation (EST), submits its priorities in advance of the 2024 federal budget as part of the federal pre-budget consultations process. The global race to attract champions in the electrification sector has begun and Canada must capitalize its strengths to stay competitive.Read more
FINANCING | Finalta Capital announces $50 million in non-dilutive financing dedicated to the Electric and Smart Transportation sector
Montreal, March 15, 2023 – As part of the Impulsion conference, the International Electric and Smart Transportation Summit organized by Propulsion Québec, Finalta Capital, one of Canada’s largest funds specialized in non-dilutive tax credit and government grant financing, announces $50 million in funding dedicated to the electric and smart transportation (EST) ecosystem. An enhanced funding […]Read more
PORTRAIT & BUSINESS OPPORTUNITIES OF THE EST SECTOR IN QUÉBEC | A Status Report on EST and Two Guides to Support Investment in Québec
The Funding group project of Propulsion Québec, the cluster for Electric and Smart Transportation (EST), launched today at IMPULSION, Innovation Edition, the project Portrait & business opportunities of the EST sector in Québec.Read more
The completion of the Diagnosis of the Funding Chain in Quebec’s Electric and Smart Transportation (EST) Sector has provided a clear picture of the issues related to financing.Read more