With $39 million from the private sector and the province kicking in $17 million, Ontario looks to shore up its domestic EV technology enterprises

A new $56-million investment will be shared among 30 small- and medium-sized EV technology companies in Ontario.

The private sector is contributing $39 million, while the remaining $17 million is coming through the Ontario Vehicle Innovation Network (OVIN) — an Ontario government initiative that invests in provincial automotive and mobility technology companies. 

OVIN is led by the Ontario Centre of Innovation (OCI), which is funded by the Ontario Ministry of economic development, job creation and trade.

In a press release, Minister Vic Fedeli was quoted: “By investing in homegrown innovation and helping local companies compete in global markets, Ontario is protecting the future of our automotive sector. Through the Ontario Vehicle Innovation Network, our government is strengthening our domestic supply chain, driving competitiveness and resilience, and creating good-paying jobs that will withstand this storm of tariffs and economic uncertainty.” 

Funding recipients

Thirty Ontario small- and medium-size (SME) companies qualified to share the $56-million total investment.

Recipients includes:

• AlumaPower Corp. (Sarnia)
• Audesse Automotive Inc. (Kitchener)
• Cedric Millar Integrated Solutions Inc. (Mississauga)
• Clockwork (Kitchener)
• Dejero (Waterloo)
• DFN Freight Exchange Inc. (Kitchener)
• EAIGLE Inc. (Markham)
• Elocity Technologies Inc. (Toronto)
• Evolute Power (Toronto)
• e-Zinc Inc. (Toronto) 
• FleetRover Inc. (Toronto)
• GeoMate Inc. (Kitchener)
• Global Sensor Systems Inc. (Mississauga)
• GravitySlide Inc. (Hamilton)
• GreenLIB (Kingston)
• Illuminex AI (Cobourg)
• iMVR Inc. (Beamsville)
• Inmotive Inc. (North York)
• KA Imaging Inc. (Waterloo)
• Next Hydrogen Solutions Inc. (Mississauga)
• Palitronica Inc. (Waterloo)
• Pantonium Inc. (Toronto)
• Proventus Global (Toronto)
• RideFlag Technologies Inc. (Mississauga)
• Rose Rocket (Toronto)
• SafeSight Exploration Inc. (North Bay)
• Sheba Microsystems (Toronto)
• Soneil Spark (Brampton)
• Variablegrid Adaptive Power Inc. (Toronto)
• YScope Inc. (Toronto); and

The technologies produced by these Ontario companies include EV charging infrastructure, cybersecurity, virtual reality training, communications and powertrains.

Raed Kadri, OCI Vice-President, Strategic Initiatives and Business Development, and head of OVIN, is bullish on the investment, saying the investment is critical and “reflects Ontario’s strong commitment to fostering partnerships with global industry leaders, accelerating the growth of Ontario-made technologies.”