Eocycle

company

About

Eocycle develops, manufactures, and commercializes wind turbines for distributes wind energy applications.

  • Montréal,Quebec,Canada
  • 11 - 50

Details

Last Funding Type
Series Unknown
Last Funding Money Raised
$9.70M
Industries
Consumer Electronics,Energy,Manufacturing,Renewable Energy
Founded date
Jan 1, 2000
Number Of Employee
11 - 50
Operating Status
Active

Eocycle Technologies Inc. develops, manufactures and commercializes worldwide the EOCYCLE 25, a state-of-the-art 25 kW direct-drive wind turbine for distributed wind energy applications.

Capitalizing on more than 12 years of internal R&D and prototyping, Eocycle Technologies stands out from its peers by being an integrated technology and manufacturing company.

Eocycle Technologies holds all intellectual property and commercial rights for every key component of its wind turbine, including Eocycle’s patented Transverse Flux Permanent Magnet (TFPM) generator technology, which is capable of achieving – in a smaller and lighter package – much higher torque and power at lower rotational speeds than competing technologies.

Eocycle Technologies relies on a world-class management and technical team which bring decades of complementary engineering, production and utility-scale wind industry experience, and on a network of well-established North American and European partners and suppliers.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
7
$19.04M
Eocycle has raised a total of $19.04M in funding over 2 rounds. Their latest funding was raised on Jun 1, 2020 from a Series Unknown round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jun 1, 2020 Series Unknown $9.70M 3 Investissement Quebec Detail
Sep 26, 2017 Grant $1.50M 1 Detail
Feb 6, 2017 Debt Financing $1.60M 1 Detail
Feb 6, 2017 Grant $100K 1 Detail
Nov 9, 2016 Series Unknown 1 Detail

Investors

Number of Lead Investors
Number of Investors
1
8
Eocycle is funded by 8 investors. Investissement Quebec and Windev Corp are the most recent investors.
Investor Name Lead Investor Funding Round
Investissement Quebec Yes Series Unknown
Windev Corp Series Unknown
Anges Quebec Series Unknown
Economic Development of Canada Grant
Ministry of Economy and Innovation Grant
Cycle Capital Series Unknown
Federal Government Grant
Government of Canada Grant

Employee Profiles

Number of Employee Profiles
3
Eocycle has 3 current employee profiles, including Executive Alex De Broe
Executive
Executive
Executive

Acquisition

Eocycle has acquired 1 organizations. Their most recent acquisition was Xant on May 13, 2020. They acquired Xant for 0.

Date Company Name
Industry Acquisition Type Price
May 13, 2020 Xant
Energy merge Detail