ENVGO Welcomed into Exclusive MaRS Discovery District Founder Community

In a major endorsement of its pioneering efforts, ENVGO, a rising star in the electric boating industry, has been welcomed into the exclusive MaRS Discovery District founder community. This recognition places the company among Canada’s most promising startups in the clean-tech space, particularly for its innovative approach to sustainable recreational boating.

ENVGO, known for developing cutting-edge electric hydrofoiling boats, has been pushing the boundaries of what’s possible in the world of sustainable watercraft. The company's zero-emission boats, which use advanced hydrofoil technology to "fly" above the water, offer a unique combination of efficiency, speed, and eco-friendliness, setting a new standard for recreational boating.

By being welcomed into MaRS, ENVGO gains unparalleled access to an expansive network of mentors, industry leaders, and innovation resources. This support is expected to accelerate the company’s growth, providing the tools needed to scale its business and bring its technology to a broader market.

“This is an incredible benefit for us,” said ENVGO CEO Mike Peasgood. “Being part of the MaRS community not only provides us with validation but also connects us to the resources we need to drive innovation in the boating industry. We’re excited to collaborate with other forward-thinking companies and use MaRS’ support to continue advancing sustainable solutions.”

MaRS Discovery District, based in Toronto, has a strong reputation for fostering high-impact startups, offering everything from capital connections to business development tools. ENVGO’s inclusion in this exclusive community underscores the company’s potential to revolutionize the recreational boating market with its eco-friendly, high-performance boats.

As the global push for zero-emission solutions continues, ENVGO’s partnership with MaRS positions it at the forefront of a rapidly growing industry. The company’s focus on sustainability and innovation aligns with broader efforts to reduce the environmental impact of recreational activities, making it a key player in the clean-tech movement.

With the support of MaRS, ENVGO is poised to accelerate the development and deployment of its electric watercraft, contributing to a greener future for the boating industry.

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