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.
In parallel, Propulsion Québec launched the Electric and Smart Transportation (EST) Roadmap in June 2022, also called Ambition EST 2030, to make our ecosystem a world-class leader by 2030.
The linkage of these two exercises has allowed us to identify two major objectives for the ecosystem in terms of financing:
- To increase the financing allocated to the various growth phases of companies in the EST sector in Quebec;
- To increase the attractiveness of the EST sector from the point of view of investors by promoting the emergence of a virtuous circle of growth for Quebec companies and the ecosystem.
Two guides related to the funding of companies in our sector have been developed:
1 – INVESTORS
The first one is a guide for investors. It is designed to increase the level of knowledge and interest of Quebec’s and international investment community so that it can become more involved with companies in the EST sector.
2 – ENTREPRENEURS
The second one is a guide to help Quebec’s entrepreneurs to raise capital in the EST sector. It will help them prepare to present their projects to potential investors.
State of the EST Sector in Quebec and Business Opportunities Overview
- Present the anticipated evolution of the EST sector, its strengths and Quebec’s positioning
- Highlight five promising niches of the EST sector in Quebec
- Present the vision and various structuring elements of the ecosystem’s roadmap to make Quebec a leader by 2030
- Promote emerging technologies, business and value-added models, and markets of interest in the EST sector
Quebec is currently in an excellent position to aspire to a world leadership position in the electric and smart transportation (EST) industry.
Propulsion Québec, which has over 250 members, supports the growth of the sector through various structuring projects.
This report, intended for companies, investors and institutions from here and elsewhere, seeks to showcase the opportunity that this emerging sector represents in Quebec.
Would you like to have access to the complete portrait produced by Propulsion Québec? Contact :
Michelle LLambías Meunier
Thanks to our partners
Special thanks to Finalta Capital, one of Canada’s largest funds specialized in non-dilutive tax credit and government grant financing for its support to innovative, fast-growing companies.
Continue reading on the subject
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
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
Electric and smart transportation sector (EST) financing is a key element, both for start-ups and well-established organizations. Despite the multitude of economic and environmental opportunities stemming from EST, many investors are unfamiliar with our sector.Read more
The Quebec economy—and more broadly the world economy—faces multiple challenges: the climate crisis, supply chain problems, labour shortages, inflation, etc. Quebec has an abundant supply of resources, know-how, and expertise; however, the next points on its agenda should include structuring, developing, and planning industrial activities.Read more