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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.
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La compañía canadiense de baterías de iones de litio UgoWork recauda $51m Series C, liderada por Fonds de solidarité FTQ, para la distribución global, el desarrollo de software/hardware y el crecimiento de las instalaciones.