WonderFi Technologies this week confirmed its acquisition of Coinberry Limited. The Vancouver-based WonderFi, a financial technology startup which recently launched launched on the Toronto Stock Exchange as WNDR, acquired Toronto-born competitor Coinberry for $38 million. “This acquisition further solidifies WonderFi as a leader amongst crypto companies in Canada,” said WonderFi CEO Ben Samaroo, “and along […]
Cellcentric Launches Major Facility in ‘Silicon Valley of Fuel Cell Tech’
British Columbia is furthering its reputation for hydrogen fuel cell technology. A multimillion-dollar manufacturing and research and development facility has been unveiled in Burnaby this month. The new facility is for cellcentric, a division created last year by Germany’s Daimler Truck AG and Sweden’s Volvo Group. The subsidiary develops and manufacturers fuel cell systems for […]
BC Building More Resilient Food Economy Through Ag-Tech in Okanagan, Kootenays
The Province of British Columbia is using localized technology to gain intelligence on how insect populations impact tree-growing key regions. Tree-fruit growers and their orchards will benefit from time-sensitive advice about pest management as BC-adapted software becomes available in the Kootenays, which will help stabilize the sector and strengthen the province’s food security, according to […]
Vancouver is Canada’s Second Largest PropTech Hub, New Report Confirms
Proptech Collective is a volunteer-run collective of real estate professionals, city builders, and entrepreneurs that believes “technological innovation can change the built world for the better.” The organization has released its second annual report with a range of updates from the previous edition. 150 startups were added to the database of property technology companies in […]
Two BC Startups Partner on World-First Pilot Project for Military
VoltSafe is preparing to embark on a pilot project with a major defence partner. In a true show of British Columbia collaboration, the Vancouver-based electric charging startup is partnering with Victoria-based Barnacle Systems—which designs and manufactures marine electronics for marine industries and military fleets—to do so. According to a statement from the companies, this project will […]
Agri-Tech Innovator CubicFarms Announces Latest Major Sale in BC
Langley-based CubicFarms announced a major sale today. NTE Discovery Park, owned by New Times Energy in Hong Kong, is acquiring 26 CubicFarm System modules at a sale price of $4.4 million, the company announced this week. At Discovery Park, a former pulp mill located in Campbell River in BC, NTE Discovery Park says it will […]
Vancouver Startups Showcase Magic of Music on Blockchain
When non-fungible tokens first exploded into crypto-mainstream last year, the primary product on the market was images. While that form of art remains prevalent, another has emerged at its side, and in Vancouver may even be stealing the spotlight. That’s right: Music is proving an opportune medium to tap into the metaverse and blockchain-related technologies. […]
Activision Taps Vancouver’s Akshon Media for Overwatch, Call of Duty Franchises
Videogame titan Activision Blizzard this month tapped Akshon Media as an official content production company for the 2022 seasons of Overwatch League and Call of Duty League, two of the world’s largest e-sports franchise. Akshon’s work is not new to Activision. In fact, the latter has been utilizing Akshon to producing highlight videos for the Overwatch […]
Canada Drives Secures $40 Million to Expand Market, Grow Inventory
Canada Drives has raised $40 million in equity funding from Mississauga-based goeasy. The Vancouver-based online car marketplace says it will use the funding for several purposes, including: expand into new provincial markets, grow available inventory, and enhance its digital platform. In addition, Canada Drives says it will partner with goeasy to further integrate automotive financing […]
ENVO Drive Systems Leverages In-House Engineering to Maximize Inventory of E-Bikes
The Pandemic was the start of all manner of turbulence, including the supply and demand balance of several different products. Many things became expensive in response to increased demand. Bicycles were one of them—for nearly two years it was nearly impossible to purchase a new ride, at least without waiting astronomical lengths of time. The […]