UgoWork receives $3.2 million in financing from the Government of Quebec’s Essor program to create high quality jobs within the electrification of business automobiles sector

QUEBEC CITY, June 22, 2023 /PRNewswire/ – UgoWork™, a pioneering firm on the forefront of AI-driven Li-Ion battery technology for materials dealing with, is happy to announce that it has secured substantial new monetary help geared toward advancing its mission to ship essentially the most cost-effective energy-as-a-service resolution. This help is not going to solely propel the corporate’s progress but additionally create greater than 60 job alternatives inside the province of Quebec within the subsequent 36 months.

The new funding, offered via the Essor program managed by Investissement Québec on behalf of the Québec Government, displays the popularity of UgoWork’s cutting-edge applied sciences and its important potential to revolutionize how the fabric dealing with sector addresses their power consumption. This monetary help will allow the corporate to speed up its analysis and growth efforts, additional optimize software program programs, and increase its operations to satisfy the rising demand for clear, environment friendly, and cost-effective energy solutions.

The funds acquired by UgoWork may have a direct affect on job creation inside Quebec. With this monetary help, the corporate plans to increase its workforce in all departments at its Quebec City headquarters. The creation of extremely expert jobs in power administration, synthetic intelligence, automation, manufacturing and engineering disciplines similar to electrical, mechanical and software program, will contribute to the native economic system and supply priceless alternatives for professionals within the clear power sector.

“Thanks to its innovative, clean and high-performance material handling solutions, UgoWork is boosting the productivity of many businesses,” added Jonatan Julien, Minister of Infrastructure and Minister for the Capitale-Nationale area. “The creativity and ingenuity of our entrepreneurs are helping to promote Quebec and its expertise in the electrification of transportation around the world.”

“To succeed in our energy transition, we need to support promising projects that further our efforts to decarbonize our economy,” mentioned Pierre Fitzgibbon, Minister of Economy, Innovation and Energy, Minister of Regional Economic Development and Minister for the Greater Montreal Area. “The progress of companies such as UgoWork, with their new green technologies, demonstrates that Quebec has the expertise to excel in the field of industrial electrical equipment.”

“We are thrilled to have received this support, which serves as a testament to the groundbreaking work our team has accomplished in developing AI-driven Li-Ion battery technology,” mentioned Philippe Beauchamp, CEO of UgoWork. “This monetary help is not going to solely permit us to advance our expertise but additionally create significant job opportunities inside Quebec, fostering economic growth while simultaneously addressing the pressing need for sustainable energy solutions.”

About UgoWork

UgoWork develops, manufactures, and affords power experience and modern lithium-ion energy options that unlock the probabilities of Energy as a Service for the fabric dealing with trade. The firm offers a versatile and cost-efficient consumption mannequin that ensures uptime and peace of thoughts. Its cloud-based method to fleet optimization, pay-per-use program, power perception, steady discipline service, uptime assure, and end-of-life administration allow fleet managers to execute their power transition seamlessly. UgoWork’s merchandise and power options cater to industrial vans working within the meals and beverage, manufacturing, transportation, and distribution sectors.

Based in Quebec, Canada, the corporate affords its superior, cost-efficient, and confirmed power administration packages throughout North America to many fortune 500 firms. Visit ugowork.com.

ugowork.com

SOURCE UgoWork