U
UgoWork
Provides the most advanced, cost-efficient, and proven energy management program in the material handling industry
About UgoWork
UgoWork is a startup that provides flexible power solutions, primarily focusing on energy management. Their services are backed by a 24/7 expert-led program and are delivered through a cloud-based platform. The company operates in the energy sector, specifically targeting businesses that require efficient and sustainable energy solutions for their operations.
UgoWork's primary offering is a high-performance battery system that uses lithium-ion chemistry. This system is designed to replace traditional lead-acid battery infrastructures, providing a more powerful and efficient solution. The company's batteries are equipped with IoT connectivity, which opens up possibilities for improving equipment uptime, operator safety, fleet optimization, and energy savings.
The company's business model is based on a pay-per-use system, with an unlimited warranty. This model allows businesses to only pay for the energy they consume, making it a cost-effective solution. UgoWork's batteries are used in various types of industrial trucks, including walkies, reach trucks, and counterbalanced forklifts.
UgoWork also offers a service called Energy as a Service, which helps businesses assess risks, manage bottlenecks, optimize fleet operations, and scale their energy transition. This service is designed to help businesses unlock their full operational potential.
In summary, UgoWork is a startup that provides flexible, efficient, and sustainable energy solutions to businesses. Their offerings include a high-performance battery system and an energy management service, both of which are designed to help businesses optimize their operations and reduce their energy consumption.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2011
- Headquarters
- Canada
- Employees
- 60
- Open positions
- None listed
- Dealroom signal
- 33.1/100
- Industry
- Energy
- Sub-industry
- Energy Efficiency, Energy Storage
- Sector
- Energy, Lithium-Ion Batteries, Battery, Spinout, Sustainable Development Goals, Battery Management System, EV Battery, Climate Tech, DT and LS, science-based
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| DEBTDebt | Jul 2024 | $18M | — | Desjardins Group | ↗ |
| GRANTOther financing | Jul 2024 | $12M | — | Export Development Canada | ↗ |
Growth signals
Latest recorded traffic for UgoWork is 3.1K monthly website visits, up 3.3% over the last three months. UgoWork's team declined 3.2% over the past year.
Open positions
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed2 investors entered at this stage
ACET
Government of Quebec
Series A4 investors entered at this stage
Fonds de solidarité FTQ
Invest Quebec
Desjardins Capital
Export Development Canada
Series B and later1 investor entered at this stage
Desjardins Group
Other known investors1 additional known investor
University of Sherbrooke
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about UgoWork on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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