Today, the Honourable Ruby Sahota, Minister of Democratic Institutions and Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) announced a combined investment of over $10 million for seven manufacturers to enhance products to support the growing EV sector.
| Recipient Name | Project | Funding Amount |
|---|---|---|
Hamilton-based company will scale its production capabilities of its magnetic free Switched Reluctance Motors (SRM), which are used to support the in-demand and cost-effective electric ground support vehicles found on an airport tarmac, including electric tow and pushback tractors. |
$800,000 |
|
St. Thomas-based company will add state-of-the-art, advanced manufacturing equipment to modernize and expand its production capabilities and improve its competitiveness in castings and machining, while also supporting the EV market in the region. |
$1,345,766 |
|
Newmarket-based company will expand its manufacturing capabilities to produce die-cast tooling for electric and lightweight vehicle components through the acquisition of new advanced equipment. |
$2,000,000 |
|
Mississauga-based company will strengthen its high-purity and environmentally friendly aluminum manufacturing product process, which can be used for applications in electric vehicles and energy storage batteries. |
$1,832,667 |
|
Toronto-based company will augment its operational and manufacturing capabilities to support the growth of its DC Microgrid EV fast-charging system. The units combine DC fast charging stations with integrated battery storage and solar energy production resulting in a customizable and scalable product for customers. |
$1,200,000 |
|
Blenheim-based company will enhance its competitiveness and production capabilities for custom-engineered powder metal components for new and existing automotive clients, including EV-related businesses, through the adoption of new equipment. |
$1,000,000 |
|
To accelerate the commercialization of its existing EV charging station solutions, including a Charging-as-a-Service offering. |
$2,750,000 |
