Government of Canada to support scale-up and growth of manufacturers in the EV sector
Backgrounder
February 14, 2025
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 |
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