Grants and Contributions:
Title:
P9620 Transformation Project
Agreement Number:
813013
Agreement Value:
$15,000,000.00
Agreement Date:
Jun 5, 2021 - Mar 4, 2025
Description:
This project was to help Nova Bus to modernize its public transit buses, optimize them for electrification, build other types of all-electric and battery-powered buses, and update its manufacturing facilities in Quebec.
Organization:
Innovation, Science and Economic Development Canada
Expected Results:
This investment was intended to aid Nova Bus in becoming a leader in electric transportation, to maintain its manufacturing, and to expand its R&D investments in Canada.
Location:
Montreal, Quebec, CA H3B4M7
Reference Number:
033-2021-2022-Q1-813013
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
824507750
Recipient Type:
For-profit organization
Additional Information:
The amendment has been completed to mutually terminate the agreement.
Amendment Date
Mar 4, 2025
Recipient's Operating Name:
Nova Bus
Recipient's Legal Name:
Groupe Volvo Canada Inc.
Federal Riding Name:
Rivière-des-Mille-Îles
Federal Riding Number:
24062
Program:
SIF Stream3- Attraction
Program Purpose:
-Encourage R&D that will accelerate technology transfer and commercialization of innovative products, processes and services;-Facilitate the growth and expansion of firms in Canada;-Attract and retain large scale investments to Canada; and-Advance industrial research, development and technology demonstration through collaboration between academia, non-profit organizations and the private sector.
NAICS Code:
336120
Amendments: