November 8, 2022, Toronto, ON and Philadelphia, PA – EnerTech is excited to announce the University of Alberta has joined a strategic mobility ecosystem it is building in the Canadian market. The partnership will support rapid transition to electric and autonomous vehicles in the future, with an aim to improve traffic management, safety, efficiency, and sustainability. The ecosystem will draw from and expand current University of Alberta research strengths in battery technology innovation, hydrogen and fuel cell technology, communication and network systems, smart mobility, artificial intelligence, and data analytics.
The University of Alberta is home to leading experts in both established and emerging fields including artificial intelligence, energy, nanotechnology, the environment and earth’s resources, clean technology, climate change, and smart technology. In joining this collaborative partnership, the University of Alberta joins key mobility technology partners including Alectra, Linamar, Western University, and Queen’s University along with a previously announced MOU between Invest Alberta, EnerTech, and the California Mobility Center.
The founding partnership, formed by EnerTech, Alectra, Linamar, and Western University, focuses on creating an enhanced collaborative environment that will promote research, development, and commercialization of advanced mobility innovations in the Ontario region. The expanded partnership with University of Alberta will help grow this mobility ecosystem into Western Canada. As the mobility sector transitions along with clean energy policies and strategies, advancements in the autonomous vehicles, electrification, fleet management, connectivity, and transportation logistics industries are imperative.
As a leading firm in the mobility space, EnerTech has assumed a key role in building broad innovation partnerships, specifically working to create improved business engagement between industry leaders and early-stage innovation companies. Along with the Sacramento Municipal Utility District (SMUD), EnerTech co-architected the California Mobility Center (CMC), a nonprofit, public-private entity that focuses on accelerating the pace of commercialization for mobility startups. The CMC has also partnered with two notable academic institutions – University of California-Davis, and Sacramento State University.
“We are excited to have the University of Alberta join our expanding Canadian mobility ecosystem. The relationships we have developed with leading Canadian universities, including the University of Alberta, further enhance our firm’s strength of building a differentiated investment platform in the mobility space. These university partnerships also enhance the value add and insight we provide to our mobility Strategic Partners including, Alectra, Linamar, Caterpillar, Pilot Flying J, Smart Energy Water, and Adient,” said Wally Hunter, Managing Director, EnerTech Capital.
“The University of Alberta is a global leader in energy and climate research, with a dozen research centres that make us one of the top producers of energy research. This partnership with EnerTech creates new avenues for U of A world-leading scientists to shape the future of energy and mobility, while advancing innovations to help our world transition to sustainable, resilient energy systems.” said Aminah Robinson Fayek, Vice-President (Research and Innovation), University of Alberta.
About EnerTech Capital
EnerTech Capital is a globally recognized venture capital firm that has been investing and partnering with innovators since 1996, empowering entrepreneurs to build transformative technology companies. The firm has pioneered an integrated approach to business building, leveraging strategic collaboration across a diverse stakeholder ecosystem to create value; with a focus on Mobility, Industry 4.0, and Connected Customer. EnerTech’s current platform has a significant focus on emerging opportunities in the mobility space across Electrification, Autonomy, Smart Mobility, and Connectivity. The firm has a long history of working with corporate strategic investors and providing value added insights and partnership opportunities to support growth and innovation objectives.
EnerTech has offices in Toronto, Philadelphia, Palm Beach Gardens, Boston, and Sacramento.
For more information, visit: www.EnerTechCapital.com
MEDIA CONTACT: Wally Hunter: 416-363-8563 or WHunter@EnerTechCapital.com
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