Grants and Contributions:
Title:
1018197
Agreement Number:
1018197
Agreement Value:
$1,200,000.00
Agreement Date:
Sep 1, 2024 - Sep 30, 2026
Description:
To augment manufacturing capabilities for direct current fast chargers to meet demand for zero-emission vehicles (ZEV).
Organization:
Federal Economic Development Agency for Southern Ontario
Expected Results:
To achieve one or more of the following departmental results, i) Businesses in southern Ontario invest in the development and commercialization of innovative technologies, ii) Businesses in southern Ontario are innovative and growing; and iii) Communities are economically diversified in southern Ontario.
Location:
TORONTO, Ontario, CA M5A 0W4
Reference Number:
062-2025-2026-Q2-00020
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
762590537
Recipient Type:
For-profit organization
Additional Information:
Legal name change from PROVENTUS GLOBAL INC. to Verdyn Inc. Operating name change from Proventus Global to Verdyn.
Amendment Date
Sep 9, 2025
Recipient's Operating Name:
Verdyn
Recipient's Legal Name:
Verdyn Inc.
Federal Riding Name:
Spadina—Harbourfront
Federal Riding Number:
35100
Program:
Business Scale-up and Productivity (BSUP)
Program Purpose:
To accelerate the growth of firms and assist with the adoption and adaptation of new, innovative technologies that support scale-up, productivity, development of and entry into new markets to help companies become globally competitive.
Coverage:
To achieve one or more of the following departmental results, i) Businesses in southern Ontario invest in the development and commercialization of innovative technologies, ii) Businesses in southern Ontario are innovative and growing; and iii) Communities are economically diversified in southern Ontario.
NAICS Code:
238990
Amendments: