Battery Developer UgoWork Raises $51 Million in Funding
Investment will help the company improve and expand its hardware and software solutions
August 2, 2024
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UgoWork, a provider of advanced energy storage solutions for material handling equipment, secured $51 million in Series C funding. Fonds de solidarité FTQ led the round, which included participation from returning investors Investissement Québec (IQ) and Export Development Canada (EDC). The round also included a new credit facility from Desjardins Technology & Innovation Banking, bringing UgoWork’s total funding to $77 million.
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