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La Caisse participates in AddÉnergie’s Canada-wide expansion together with Investissement Québec

Sector: Automotive • Location: Canada

Source: Caisse de dépôt et placement du Québec

Project
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Caisse de dépôt et placement du Québec (CDPQ), together with Investissement Québec, has announced a $12.8-million investment in AddÉnergie, a Québec manufacturer of smart charging solutions for electric vehicles. As part of this transaction, Caisse de dépôt et placement du Québec will invest $8.5 million, and Investissement Québec $4.3 million, enabling AddÉnergie to extend its network and technol

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The project “La Caisse participates in AddÉnergie’s Canada-wide expansion together with Investissement Québec” is an infrastructure initiative in the Automotive sector, located in Canada. Taiyo aggregates data on it from Caisse de dépôt et placement du Québec.

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Description

Description

Caisse de dépôt et placement du Québec (CDPQ), together with Investissement Québec, has announced a $12.8-million investment in AddÉnergie, a Québec manufacturer of smart charging solutions for electric vehicles. As part of this transaction, Caisse de dépôt et placement du Québec will invest $8.5 million, and Investissement Québec $4.3 million, enabling AddÉnergie to extend its network and technology across Canada. The company already supplies charging stations, software and management services to the Electric Circuit and the VERnetwork, the two largest electric vehicle charging station networks in Canada. While AddÉnergie currently operates close to 2,000 charging stations, this transaction will reinforce AddÉnergie’s deployment plan, aimed at adding 8,000 new charging stations across Canada in the next five years. false false false In 2012, la Caisse’s real estate subsidiary promoted the integration of AddÉnergie charging stations by installing them at the shopping centres it owned in Québec. false false false ABOUT ADDÉNERGIE Founded in Québec City in 2009, AddÉnergie has become the leader in innovative charging solutions. Supplier and operator of the Electric Circuit and the VERnetwork™, the two largest charging station networks in Canada, the company now has more than 50 employees, who work out of its head office in Québec City, Québec, its production plant in Shawinigan, Québec, and its sales office in Mississauga, Ontario. ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at December 31, 2015, it held $248.0 billion in net assets. As one of Canada's leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure and real estate. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages. ABOUT INVESTISSEMENT QUÉBEC Investissement Québec’s mission is to foster the growth of investment in Québec, thereby contributing to economic development and job creation in every region. The Corporation offers businesses a full range of financial solutions, including loans, loan guarantees and equity investments, to support them at all stages of their development. It is also responsible for administering tax measures and prospecting for foreign Investment. false false false

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