$12.8-million boost for EV charger company AddEnergie
By Renée Francoeur
April 6, 2016 – Caisse de depot et placement du Quebec (CDPQ), in partnership with Investissement Quebec, has announced a $12.8-million investment in AddEnergie, a Quebec manufacturer of smart charging solutions for electric vehicles (EVs). CDPQ says it will invest $8.5 million and Investissement Québec $4.3 million. This should allow AddEnergie to extend its network and technology across Canada, CDPQ adds.
According to AddEnergie, it currently operates close to 2000 charging stations and supplies stations, software and management services to the Electric Circuit and the VERnetwork, two Canadian EV networks. This funding will help add 8000 new stations across the country over the next five years, the company says.
“We are very pleased to be receiving funding from these major institutional investors; their backing […] provides us with the financial means to pursue our growth objectives,” said Louis Tremblay, CEO and president of AddEnergie. “This in turn has a direct impact on our means of transportation, and, on a broader scale, our relationship with our sources of energy.”
AddEnergie was founded in Quebec City in 2009 where its headquarters remain. It also has a production plant in Shawinigan, Que. and a sales office in Mississauga, Ont.