Ecofuel

Ecofuel Accelerator is a Quebec-based firm established in 2014 that specializes in supporting clean technology startups. The accelerator provides seed financing of up to $150,000, primarily through convertible notes. It runs a rigorous selection process to choose up to six teams for its intensive 10-16 week programs, which occur twice a year. Participants benefit from a comprehensive curriculum that includes training workshops, networking opportunities, and access to an experienced mentor ecosystem. The program aims to foster entrepreneurship and facilitate the successful establishment of new companies in the clean technology sector. Additionally, teams are hosted in a dedicated facility in Montreal for the duration of their participation, enhancing their collaborative experience.

Richard Cloutier

Managing Partner and CEO

25 past transactions

ChrysaLabs

Series A in 2023
ChrysaLabs develops a portable, real-time soil analysis system comprising a handheld probe that measures soil nutrients and health in the field and a management platform that lets growers and agronomists access data and take action. Founded in 2017 and based in Montreal, Canada, the company aims to help users optimize fertilizer use and improve crop yields by providing a comprehensive view of soil fertility. Its technology enables measurement of soil properties directly in the field, at any depth, with a large contact surface and without sample preparation, supporting informed decisions on nutrient management.

Calogy Solutions

Pre Seed Round in 2020
Calogy Solutions specializes in developing advanced thermal management technologies tailored for electric transportation applications. The company offers a range of solutions including thermal and CFD calculations for electronics thermal management, custom-designed compact liquid cooling systems, heat pipes, vapor chambers, and comprehensive thermal characterization, testing, and validation services. These services involve exposing microelectronic components to various temperature conditions to help clients identify and address thermal challenges in their products, ultimately enhancing safety, increasing component lifetime, and reducing initial costs of vehicles.

HaiLa Technologies

Seed Round in 2020
HaiLa Technologies is a fabless semiconductor and software company that develops hyper power-efficient wireless system-on-chip solutions for Internet of Things deployments. Founded in 2019, the company aims to enable sustainable scaling of IoT sensor networks by dramatically reducing the power consumption of wireless radios, which extends battery life and can reduce or eliminate the need for sensor batteries. Its platform supports multiple applications across consumer electronics, building and process automation, medical technology, agriculture, and smart cities by enabling IoT devices to operate over existing wireless infrastructure. HaiLa focuses on enabling smaller batteries and longer lifespans for devices deployed at scale. The company is headquartered in Montreal, with offices in Copenhagen and San Francisco.

Pyrowave

Series B in 2020
Pyrowave develops microwave-based chemical recycling technology that converts post-consumer and post-industrial plastics back into their original molecular state, identical to virgin materials. This enables infinite recycling of plastics, serving municipal clients and private recyclers/generators.

Rithmik Solutions

Pre Seed Round 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.

Axya

Pre Seed Round in 2020
Axya is a startup that offers an online platform designed to connect small and medium-sized shop owners with suppliers in the manufacturing sector. The company provides a user-friendly marketplace that standardizes and centralizes the subcontracting process, addressing the complexities faced by buyers and suppliers. Through its innovative platform, Axya enables users to make informed decisions by providing valuable insights, streamlining the outsourcing process in the manufacturing industry.

ORA Graphene Audio

Convertible Note in 2019
ORA is a Montreal-based startup working with advanced nano-materials to produce unparalleled audio experiences. Their team of sound engineers, chemists and material scientists work with the exciting properties of *Graphene* (the strongest and lightest material known to man) to deliver smaller/lighter, more energy efficient speakers, all while remarkably improving sound quality. With a simple drop-in replacement of the speaker’s membrane, GrapheneQ can 1) extend the battery life of a portable audio device by up to 70% b) generate up to 4x the volume and c) significantly reduce the overall size of the speaker, allowing for bigger batteries/thinner devices. ORA's technology is disrupting a technology that has seen little innovation since its invention in 1921: the loudspeaker!

Potloc

Series A in 2019
Potloc Inc. is a Montreal-based company that operates an online consumer insights platform, which was founded in 2014. The platform specializes in providing businesses with market insights through various survey methodologies, including web panels, phone surveys, and geo-targeted surveys utilizing social networks. This innovative approach allows Potloc to gather authentic consumer feedback and data on purchasing habits, helping companies predict customer retention and acquisition. Trusted by numerous leading brands and organizations, Potloc's platform enables retailers and businesses to effectively connect with their target audiences globally. With offices in Toronto, Paris, and Geneva, Potloc has established itself as a key player in the market research industry, delivering high-quality data insights that meet the specific needs of its clients.

Global Spatial Technology Solutions (GSTS)

Seed Round in 2019
Global Spatial Technology Solutions provides worldwide maritime monitoring and oceanographic coverage. The company also provide maritime vessel management and maritime risk management.

AEPONYX

Series A in 2019
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.

Freshr Technologies

Pre Seed Round in 2019
Freshr Technologies produces compostable active packaging materials derived from natural resources. These materials extend the shelf life of fresh foods, initially focusing on preserving fresh fish by maintaining its water content and targeting bacteria, thereby reducing waste in fish processing.

Rithmik Solutions

Seed Round in 2019
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.

ChrysaLabs

Pre Seed Round in 2019
ChrysaLabs develops a portable, real-time soil analysis system comprising a handheld probe that measures soil nutrients and health in the field and a management platform that lets growers and agronomists access data and take action. Founded in 2017 and based in Montreal, Canada, the company aims to help users optimize fertilizer use and improve crop yields by providing a comprehensive view of soil fertility. Its technology enables measurement of soil properties directly in the field, at any depth, with a large contact surface and without sample preparation, supporting informed decisions on nutrient management.

Inno-3B

Seed Round in 2018
Inno-3B Inc. is a Canadian company specializing in the development of artificial intelligence software and automated vertical farming systems designed to address environmental challenges in agriculture. Founded in 2014 and based in Saint-Pacôme, the company offers a range of innovative products, including the Yield Factory, which features environmental control chambers for the production of plants and insects. Inno-3B's scalable and remotely monitored growing systems provide turnkey solutions for various sectors, including food, pharmaceuticals, and research, allowing users to grow organic produce, berries, and herbs locally in a cost-effective and sustainable manner. The company combines advanced technology with expertise in engineering and agronomy to support growers throughout the cultivation process.

Nexus Robotics

Pre Seed Round in 2018
Nexus Robotics, established in 2017 and headquartered in Halifax, Canada, specializes in developing autonomous robots for the agriculture industry. Their primary product is a weeding robot that effectively removes weeds while preserving crops, using a camera system and AI to differentiate between the two. This robot not only extracts weeds but also provides farmers with crop health data, enabling more informed decision-making.

Electrobac

Seed Round in 2018
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.

Pyrowave

Venture Round in 2018
Pyrowave develops microwave-based chemical recycling technology that converts post-consumer and post-industrial plastics back into their original molecular state, identical to virgin materials. This enables infinite recycling of plastics, serving municipal clients and private recyclers/generators.

BluWave-ai

Pre Seed Round in 2018
BluWave-ai is a company focused on transforming the energy sector by promoting the use of distributed and renewable energy resources, electric transportation, and smart loads. Utilizing a software-as-a-service (SaaS) model, BluWave-ai leverages artificial intelligence to enhance the operation of smart grids and microgrids. Their platform enables real-time optimization of power generation and operation, allowing clients to predict electricity demand accurately and adapt to fluctuations in consumption and generation. This approach has led to significant savings in capital and operational costs for communities, corporations, and utilities, while also reducing their carbon footprints. BluWave-ai is committed to fostering universal access to affordable and sustainable energy and transportation systems, serving a diverse clientele that includes distribution utilities, enterprises, mining operations, campuses, and remote or off-grid communities worldwide.

Potloc

Seed Round in 2018
Potloc Inc. is a Montreal-based company that operates an online consumer insights platform, which was founded in 2014. The platform specializes in providing businesses with market insights through various survey methodologies, including web panels, phone surveys, and geo-targeted surveys utilizing social networks. This innovative approach allows Potloc to gather authentic consumer feedback and data on purchasing habits, helping companies predict customer retention and acquisition. Trusted by numerous leading brands and organizations, Potloc's platform enables retailers and businesses to effectively connect with their target audiences globally. With offices in Toronto, Paris, and Geneva, Potloc has established itself as a key player in the market research industry, delivering high-quality data insights that meet the specific needs of its clients.

AEPONYX

Seed Round in 2017
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.

Materium Innovations

Pre Seed Round in 2017
Materium Innovations specializes in the manufacturing of silica microspheres and graphene-based materials designed for various applications in biotechnology and other industries. The company offers a unique platform that produces porous hollow silica microspheres coated with graphene, which enhances surface area and improves thermal and electrical conductivity. This innovative approach allows for significant reductions in material density, enabling industries such as biotechnology, agriculture, water treatment, cosmetics, pharmaceuticals, and textiles to effectively encapsulate products, ingredients, or formulas for their final products. Materium Innovations is focused on delivering solutions with both high economic and ecological impact.

Netlift

Seed Round in 2015
Netlift is a prominent platform specializing in mixed-mode commuting, focusing on enhancing daily travel for commuters. The company offers a ride-sharing service that connects passengers with drivers willing to share available seats in their vehicles, facilitating cost-effective transportation. By leveraging advanced technology, Netlift proposes efficient route options tailored to users' travel requirements, thereby improving access to public transit networks. This service not only streamlines commuting but also fosters connections between drivers and passengers, promoting a more efficient and accessible transportation system within urban environments.

FilmOrganic

Seed Round in 2015
FilmOrganic is a Canadian company focused on creating and producing 100% compostable mulch films that enhance agricultural productivity. By developing crop-specific, soil-compostable bioplastic films, the company aims to help farmers increase the yield of field-grown produce while simplifying their operations through time and labor savings. Co-founders Hugo Meunier and Roger Tambay bring extensive experience in the development and manufacturing of plastic films, particularly in the agricultural sector. FilmOrganic's innovative technology is designed to be environmentally friendly and cost-effective, positioning the company as a potential leader in the bio-plastic mulch film market tailored to the specific needs of farmers.

SabrTech

Seed Round in 2015
SabrTech specializes in algae technology solutions, partnering with various industries to create sustainable products such as biofuels, biodiluents, livestock feed, and water detoxification systems. They work closely with airlines, oil companies, NGOs, and other organizations interested in harnessing the potential of algae for a greener future.

AecopaQ

Pre Seed Round in 2015
AecopaQ Inc. is a Canadian company based in Joliette, specializing in the development, production, and marketing of environmentally friendly food packaging products. Incorporated in 2013, AecopaQ focuses on creating biodegradable, recyclable, and compostable packaging solutions, including trays, clamshells, cups, and bowls. By utilizing green technology, the company aims to reduce the environmental impact associated with traditional styrofoam and plastic packaging, thereby contributing to the reduction of CO2 emissions. AecopaQ's commitment to sustainability positions it as a key player in the food packaging industry, addressing the growing demand for eco-friendly alternatives.
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