Canada · Mechanical or industrial engineering startup

CVTCORP

CVTCORP is a private clean-tech company based in Quebec, founded in 2001.

Funding reportedLast round: Private equity

Mechanical or industrial engineeringSainte-Julie, Canada

About CVTCORP

CVTCORP is a private clean-tech company based in Quebec, founded in 2001.

It specializes in the design and development of mechanical continuously variable transmissions (mCVT), particularly its patented toroidal CVT Flexdrive technology. This innovative system addresses sustainability and reliability challenges in mobile power equipment. The company operates from a 35,000 sq.ft. facility in Sainte-Julie, Quebec, and has conducted over 500,000 hours of testing on its technology, which is protected by more than 26 patent families worldwide. The mCVT Flexdrive transmission is a friction-drive system that allows for an infinite number of output speed ratios without metal-on-metal contact. It significantly reduces fuel consumption and greenhouse gas emissions, making it suitable for various applications, including construction, agriculture, power generation, and industrial sectors. CVTCORP provides comprehensive services, including development, manufacturing, and assembly of mCVT systems, catering to mobile power equipment manufacturers and industrial clients. The company has raised $49 million in funding from notable investors, supporting its growth and innovation in the mobility industry.

What company datasets say CVTCORP raised

Funding, as reported

Reported in all5.6Min the source's currency
Rounds5
Last roundPrivate equity
Last round size3.7M
Last round dateJan 2020
Investors listed4

The company, in detail

What they build

Known for

longue durée de vieadaptation aux véhicules hors routetransmission à variation infiniemanufacturingconstruction & real estateoemsolutions innovantesfaible coûtrobustesseconstructioncontrôle qualitéfabrication de composantsgestion de la transmissionélectrification des véhiculesenergy managementsystèmes de transmission

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Sector
Mechanical or industrial engineering
Industry code
NAICS 33324, 336350, 541330, SIC 3531, 3714, 8711
Region
Quebec
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Mechanical or industrial engineering in Canada

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