How much did UgoWork raise?

UgoWork raised $22.8 Million in a Funding Round round on November 22, 2022.

Who invested in UgoWork?

Desjardins Capital And Investissement Québec is named as investors in this round.

Who are the decision-makers at UgoWork?

Fundz holds 2 contacts at UgoWork, including the COO. Names and contact details are shown to Fundz members.

Ugowork Secures $22.8M To Scale Connected Energy As A Service Solutions For Industrial Vehicles

PRIVATENov 22, 2022

Amount Raised

$22.8 Million

Round Type

Funding Round

Quebec CityManufacturingEnergyOil And Gas

Investors

Desjardins Capital And Investissement Québec

Description

UgoWorkTM, a leading provider of flexible Energy as a Service (EaaS) solutions for industrial vehicles, announced the closing of its all-equity $22.8M Series B financing. This round was led by Fonds de solidarité FTQ, with participation from Export Development Canada (EDC), and existing UgoWork investors Desjardins Capital and Investissement Québec.

Quick answer

UgoWork raised $22.8 Million in a Funding Round round, dated November 22, 2022. Investors: Desjardins Capital And Investissement Québec. UgoWork is based in Quebec City, Quebec, Canada.

How much did UgoWork raise?: UgoWork raised $22.8 Million in a Funding Round round on November 22, 2022.
Who invested in UgoWork?: Desjardins Capital And Investissement Québec is named as investors in this round.
What does UgoWork do?: UgoWork is an intelligent energy system designed, manufactured and marketed for forklifts.
Where is UgoWork based and how big is it?: UgoWork is based in Quebec City, Quebec, Canada.
Who are the decision-makers at UgoWork?: Fundz holds 2 contacts at UgoWork, including the COO. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Oil And Gas around the same time

Companies in the same sectors as UgoWork that raised within 45 days of this round, from Fundz verified event records.

Lithos Energy raised an undisclosed amount on January 6, 2023.
TECO2030 raised an undisclosed amount (Corporate Round) on November 14, 2022.
Sabanto raised an undisclosed amount on November 4, 2022.
Caban raised $51M (Series B) on January 4, 2023.
Trinity Gas Storage raised an undisclosed amount on January 4, 2023.
Lumotive raised an undisclosed amount on January 3, 2023.

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Company Information

Company

UgoWork

Location

Quebec City, Quebec, Canada

About

UgoWork is an intelligent energy system designed, manufactured and marketed for forklifts. More than a lithium-ion battery, it is a tool that relieves the pain associated with the operation of forklifts running on several shifts per day (typically more than 2,000 hours per year), in the food, pharmaceutical, retail, manufacturing and logistics. Due to lower operating costs and environmental concerns, the electric forklift market is currently gaining shares on internal combustion. However, fleet owners are limited by the performance of lead-acid batteries and worse, waste time with a lot of dangerous handling. The undeniable advantages of lithium-ion mark a major break in the lead-acid era. We believe that this is an era of services where critical activities are now worth outsourcing to real specialists. UgoWork has chosen to distinguish itself from traditional equipment suppliers by providing reliable and efficient energy rather than a simple battery. The business model (Energy as a Service) is therefore an important constituent of the differentiation of our offer.

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2 contacts

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UgoWork raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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