UgoWork is an intelligent energy system designed, manufactured and marketed for forklifts. More than a lithium-ion battery, it is a tool that relieves the pain associated with the operation of forklifts running on several shifts per day (typically more than 2,000 hours per year), in the food, pharmaceutical, retail, manufacturing and logistics.
Due to lower operating costs and environmental concerns, the electric forklift market is currently gaining shares on internal combustion. However, fleet owners are limited by the performance of lead-acid batteries and worse, waste time with a lot of dangerous handling. The undeniable advantages of lithium-ion mark a major break in the lead-acid era.
We believe that this is an era of services where critical activities are now worth outsourcing to real specialists. UgoWork has chosen to distinguish itself from traditional equipment suppliers by providing reliable and efficient energy rather than a simple battery. The business model (Energy as a Service) is therefore an important constituent of the differentiation of our offer.
Due to lower operating costs and environmental concerns, the electric forklift market is currently gaining shares on internal combustion. However, fleet owners are limited by the performance of lead-acid batteries and worse, waste time with a lot of dangerous handling. The undeniable advantages of lithium-ion mark a major break in the lead-acid era.
We believe that this is an era of services where critical activities are now worth outsourcing to real specialists. UgoWork has chosen to distinguish itself from traditional equipment suppliers by providing reliable and efficient energy rather than a simple battery. The business model (Energy as a Service) is therefore an important constituent of the differentiation of our offer.
Location: Canada, Capitale-Nationale, Quebec City
Employees: 11-50
Phone: +1 866-615-2191
Total raised: $22.8M
Founded date: 2015
Investors 1
Funding Rounds 1
Date | Series | Amount | Investors |
29.11.2022 | Series B | $22.8M | - |
Mentions in press and media 4
Date | Title | Description |
31.07.2024 | UgoWork raises $51M to further transform material handling with its advanced energy solutions | QUEBEC, July 31, 2024 (GLOBE NEWSWIRE) -- UgoWork™, a premier provider of advanced energy storage solutions for material handling equipment, today announced the closing of $51M as part of its Series C financing. This investment round was le... |
24.11.2022 | UgoWork Raises $22.8M in Funding | Shown above top left: Rami Jarjour, COO. Top right: Philippe Beauchamp, President and CEO. Bottom left: Frédérik Leclerc, Finance Director (CNW Group/UgoWork) UgoWork, a Quèbec, Canada-based provider of flexible Energy as a Service (EaaS) s... |
- | UgoWork | - |
- | UgoWork | “Lithium-ion batteries are significantly superior for your lift trucks, in addition to taking advantage of our efficient energy management. Learn more.” |