Organization: Azure Dynamics Corp

Azure’s $10.7M financing deal triggers TPC funds

Azure Dynamics Corp’s success in raising $10.7 million has opened the door for it to secure an additional $5 million from Technology Partnerships Canada. The Toronto-based company, which develops hybrid electric power trains for commercial vehicles, announced December 1 that it had closed a private placement financing led by Kingsdale Capital Markets Inc. The agreement…

TPC doles out $32.3 million to six BC companies

Technology Partnership Canada (TPC) has announced six new awards worth $32.3 million to British Columbia-based companies. The largest award of $10 million was made to fSONA Communications Corp, Richmond, for the development of high bandwidth wireless technologies. Azure Dynamics Corp, Vancouver, received $9 million to develop and test hybrid electric vehicle technologies for commercial vehicles…