Cycle Momentum

Cycle Momentum is a Montreal-based accelerator established in 2014 that focuses on supporting cleantech startups. It is dedicated to working with entrepreneurs who develop and commercialize innovative clean technologies, aiming to cultivate globally competitive companies. The accelerator provides a tailored program that includes training workshops, networking opportunities, and access to experienced mentors. Additionally, Cycle Momentum connects these startups with investors to enhance their growth potential. By concentrating on seed-stage, early-stage, and later-stage companies, particularly in B2B, commercial transportation, energy, and cleantech sectors, Cycle Momentum plays a crucial role in fostering the development of promising Canadian ventures in the clean technology arena.

Past deals in Montreal

Rithmik Solutions

Seed Round in 2024
Rithmik Solutions is a Montreal-based company that develops an AI-powered platform for predictive maintenance on mobile mining equipment. Its solution, including the Asset Health Analyzer, analyzes equipment health, detects deviations from a virtual model of a healthy asset, and provides insights to reduce maintenance needs and improve uptime. The platform tracks asset health to help optimize productivity and profitability in the mining sector. Founded in 2017, Rithmik Solutions serves mining operators by turning AI analytics into actionable maintenance decisions.

Latys

Non Equity Assistance in 2022
Founded in Montreal, Quebec in 2020, Latys develops proprietary metasurface technology for ultra-compact, dynamically reconfigurable wireless relays. These relays are inherently immune to interference, multipath fading, and noise, enabling full-duplex communications that are protocol and modulation-agnostic.

Wastack

Non Equity Assistance in 2022
Wastack, established in 2016 and headquartered in Montreal, Quebec, specializes in waste management technology. The company develops camera software and devices that analyze waste streams at transfer stations and landfills, helping identify contaminants and optimize recycling processes. This enables clients to enhance their recycling rates and generate additional revenue. In 2024, Wastack was acquired by Dover Corporation based in the United States.

FTEX

Non Equity Assistance in 2020
FTEX is a Montreal-based developer of next-generation smart, connected drive systems for light electric vehicles. The company provides the electronics, software and applications that control vehicle motors, all connected in real time over cellular networks to FTEX's cloud platform. Its EVionics mobile operating system enables features such as location tracking, diagnostics, security, remote locking, collision detection, service and theft insurance. FTEX aims to accelerate adoption of personal electric vehicles by delivering smart motor controllers that enhance performance, range and user experience through novel technology and standards.

Rithmik Solutions

Non Equity Assistance in 2020
Rithmik Solutions is a Montreal-based company that develops an AI-powered platform for predictive maintenance on mobile mining equipment. Its solution, including the Asset Health Analyzer, analyzes equipment health, detects deviations from a virtual model of a healthy asset, and provides insights to reduce maintenance needs and improve uptime. The platform tracks asset health to help optimize productivity and profitability in the mining sector. Founded in 2017, Rithmik Solutions serves mining operators by turning AI analytics into actionable maintenance decisions.

Pyrocycle

Non Equity Assistance in 2019
Pyrocycle is a Canada-based environmental technology company focused on recycling electronic waste. Based in Montreal and founded in 2017, it has developed a thermochemical recycling process that treats end-of-life electronics to recover metals and plastics, supporting a circular economy and reducing environmental impact. The scalable technology decontaminates electronics and transforms plastics into value-added products, while recovering precious metals such as gold and rare earth magnets from hard disks, with the aim of minimizing material losses and lowering carbon footprints.

Carbicrete

Non Equity Assistance in 2017
Carbicrete offers innovative technology for producing cement-free, carbon-negative concrete. It licenses this technology to precast concrete manufacturers, enabling them to create sustainable building solutions that reduce greenhouse gas emissions.

Electrobac

Non Equity Assistance in 2016
Electrobac Inc. is a Montreal-based company founded in 2016 that specializes in the disposal and recycling of electronic waste. It has developed a network of smart bins designed for the convenient collection of unwanted electronic equipment, facilitating the recovery and repackaging of small electronics. Electrobac aims to extend the lifecycle of electronic devices and promote sustainable practices by prioritizing reuse, repair, and refurbishment. The company serves both individual consumers and large businesses, assisting them in integrating circular economy principles into the management of their mobile devices.

AEPONYX

Non Equity Assistance in 2016
AEPONYX designs and manufactures fabless micro optical switch semiconductor chips for tunable transceivers and optical circuit switches. It combines planar MEMS and silicon photonics to enable disaggregated switching systems and tunability in both transmission and reception in pluggable transceivers. Its photonic integrated circuits integrate MEMS and thermo-optic switches with silicon nitride, supporting high-speed data transmission and flexible optical switching for telecom, datacom, and cloud applications. Founded in 2011 and based in Montreal, the company focuses on fiber optic access to the cloud and next-generation optical networks by delivering compact, energy-efficient micro optical switches.

Concentric Agriculture

Non Equity Assistance in 2014
Concentric Agriculture Inc. is a Montreal-based company specializing in the research, development, manufacturing, and marketing of biological products for agricultural applications. Founded in 2007 and formerly known as Inocucor Technologies, the company focuses on enhancing the phyto-microbiome, which includes seeds, plants, root systems, and surrounding soil. Concentric develops innovative solutions such as the Inocucor Garden Solution, a live-cell formulation derived from microorganisms that optimizes plant growth and soil quality while helping crops withstand extreme weather conditions. The company's offerings include cell-free biological formulations for bio-stimulation and active compounds for bio-fertility and bio-protection. These products are utilized in various agricultural practices, including seed treatments, soil drenches, and foliar sprays, across traditional and organic farming, hydroponics, greenhouses, and orchards, both in Canada and internationally. Concentric Agriculture aims to provide safe and effective advancements in agtech that enhance crop yields and promote sustainable agricultural practices.
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