Canadian lithium-ion battery company UgoWork raises $51m Series C, led by Fonds de solidarité FTQ, for global distribution, software/hardware development, and facility growth.

UgoWork, a Canadian lithium-ion battery provider for material handling equipment, raised $51m in Series C funding, led by Fonds de solidarité FTQ with significant participation from existing investors. This brings the company's total funding to $77m. The funds will be used to expand global distribution, accelerate software and hardware development, and grow its headquarters and production facility. UgoWork's AI-driven cloud platform helps logistics operators electrify their fleets, reduce equipment needs, and achieve cost savings.

July 31, 2024
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