ENVGO Inc. has secured funding from Sustainable Development Technology Canada (SDTC) to advance its development of zero-emission electric boats using hydrofoil and autonomous systems. The grant accelerates innovation in sustainable boating and enhances environmental responsibility.
ENVGO, a rising innovator in sustainable boating technology, has been awarded a grant from Sustainable Development Technology Canada (SDTC) to further its mission of electrifying recreational boating. The funding, provided through SDTC's Seed Funding stream, is aimed at early-stage companies developing solutions that tackle environmental challenges, with awards ranging from $50,000 to $100,000.
This grant represents a significant show of confidence for ENVGO, which is at the forefront of creating zero-emission electric boats that use advanced hydrofoil technology and autonomous systems. ENVGO’s technology aims to revolutionize the boating experience by offering a high performance yet eco-friendly alternative to traditional watercraft, reducing the environmental impact while enhancing performance and safety.
SDTC plays a key role in supporting Canada’s clean technology sector, helping companies like ENVGO push the boundaries of innovation. By providing crucial financial backing to startups with strong potential, SDTC enables these companies to bring their technologies to market faster, supporting Canada's leadership in sustainable development.
"We're thrilled to receive this funding from SDTC," said ENVGO CEO Mike Peasgood. "This support validates the critical work we’re doing to make recreational boating more sustainable. With SDTC’s backing, we can accelerate our innovation and bring cleaner, high-performance boating experiences to market sooner."
The SDTC grant allows ENVGO to continue refining its electric propulsion and hydrofoil systems, positioning the company to lead in the emerging sector of zero-emission boating. ENVGO's focus on sustainability, performance, and safety aligns with broader efforts to combat climate change and reduce emissions across industries while revolutionizing the boating industry.
