EnerTech Capital and Invest Alberta Corporation Sign International MOU with the CMC
This partnership seeks to identify innovative opportunities in Canada’s mobility sector
Sacramento, CA – April 27, 2022: The California Mobility Center (CMC) has signed a Memorandum of Understanding (MOU) with Invest Alberta, an international investment attraction crown corporation, (IAC) and EnerTech Capital (EnerTech). The alliance sets the stage for continental collaboration on regulatory policy and investment strategies designed to advance the future mobility industry sector.
EnerTech, a Founding Partner of the CMC, is a venture capital firm with headquarters in Toronto, ON and Philadelphia, PA. Through their Global Strategic Mobility Fund (GSMF), they actively invest in early to growth-stage privately held companies working in the advanced mobility sector. EnerTech has a long history of building strategic partnerships and innovation ecosystems to provide insights and commercialization opportunities, with its core focus on future mobility.
“We have been investing in and partnering with innovative companies driving change across the energy landscape for over 25 years,” said Wally Hunter, managing director at EnerTech. “As a co-architect of the CMC, we saw how a relationship with IAC and Alberta would help expand the mobility ecosystem that we are building in Canada.”
“Alberta is quickly becoming a destination of choice for cleantech investment, while IAC continues to attract high-value investments to the province, including opportunities in advanced mobility solutions. Through our partnership with the CMC, Alberta can become a key player in the Canadian localization plan that EnerTech and the CMC are developing in Canada,” said Rick Christiaanse, CEO of Invest Alberta. “We plan to leverage Alberta’s expertise and leadership in hydrogen technologies to attract high-impact investment to the province and expand opportunities for Alberta companies in other markets.”