Cycle Momentum

Cycle Momentum is a Montreal-based accelerator established in 2014 that focuses on supporting cleantech startups. It is dedicated to working with entrepreneurs who develop and commercialize innovative clean technologies, aiming to cultivate globally competitive companies. The accelerator provides a tailored program that includes training workshops, networking opportunities, and access to experienced mentors. Additionally, Cycle Momentum connects these startups with investors to enhance their growth potential. By concentrating on seed-stage, early-stage, and later-stage companies, particularly in B2B, commercial transportation, energy, and cleantech sectors, Cycle Momentum plays a crucial role in fostering the development of promising Canadian ventures in the clean technology arena.

Catherine Bérubé

Partner

Past deals in Quebec

Rithmik Solutions

Seed Round in 2024
Rithmik Solutions Ltd. is a Montreal-based company that specializes in developing software solutions tailored for the mining industry. Founded in 2017, Rithmik focuses on predictive maintenance for mobile mining equipment through its artificial intelligence platform. The company's flagship product, the Asset Health Analyzer, utilizes AI to monitor equipment health by creating a virtual model of a healthy asset alongside its physical counterpart. This innovative approach allows for the early detection of deviations from optimal performance, thereby providing insights that help clients reduce maintenance costs and increase equipment uptime. Rithmik Solutions is dedicated to enhancing productivity and profitability within the mining sector through its advanced analytics systems.

Latys

Non Equity Assistance in 2022
Latys is a technology company based in Montreal, Quebec, founded in 2020. It specializes in developing advanced wireless infrastructure technology that leverages metasurfaces to create ultra-compact, dynamically reconfigurable wireless relays. The company’s proprietary system is designed to enhance wireless communication by enabling full-duplex capabilities that are agnostic to various protocols and modulation methods. By optimizing antenna design, Latys's technology improves the overall wireless experience while significantly reducing the hardware footprint. Additionally, its innovative approach provides inherent immunity to interference, multipath fading, and noise, setting a new standard in wireless relay systems.

Wastack

Non Equity Assistance in 2022
Wastack, established in 2016 and headquartered in Montreal, Quebec, specializes in waste management technology. The company develops camera software and devices that analyze waste streams at transfer stations and landfills, helping identify contaminants and optimize recycling processes. This enables clients to enhance their recycling rates and generate additional revenue. In 2024, Wastack was acquired by Dover Corporation based in the United States.

FTEX

Non Equity Assistance in 2020
FTEX is a Montreal-based start-up focused on developing advanced smart connected drive systems for light electric vehicles. The company specializes in creating the electronics, software, and applications necessary to control vehicle motors, all integrated in real-time via a cellular network to FTEX’s Cloud. This connectivity allows users to access a variety of features through its mobile EVionics operating system, including location tracking, usage analytics, diagnostics, remote locking, collision detection, service alerts, and theft insurance. FTEX aims to promote the adoption of personal electric vehicles by providing innovative motor controllers that enhance performance, extend range, and improve the overall user experience through the application of cutting-edge technology and standards.

Rithmik Solutions

Non Equity Assistance in 2020
Rithmik Solutions Ltd. is a Montreal-based company that specializes in developing software solutions tailored for the mining industry. Founded in 2017, Rithmik focuses on predictive maintenance for mobile mining equipment through its artificial intelligence platform. The company's flagship product, the Asset Health Analyzer, utilizes AI to monitor equipment health by creating a virtual model of a healthy asset alongside its physical counterpart. This innovative approach allows for the early detection of deviations from optimal performance, thereby providing insights that help clients reduce maintenance costs and increase equipment uptime. Rithmik Solutions is dedicated to enhancing productivity and profitability within the mining sector through its advanced analytics systems.

Pyrocycle

Non Equity Assistance in 2019
Pyrocycle Inc. is a Montreal-based company established in 2017 that specializes in environmentally friendly recycling processes for electronic waste. Addressing the significant challenge of managing hazardous e-waste, Pyrocycle has developed an innovative thermochemical technology that not only recycles end-of-life electronics but also promotes a circular economy. This process enables the recovery of valuable metals, including precious and rare earth metals, while transforming plastics from electronic devices into value-added products. By providing an efficient and sustainable solution for e-waste management, Pyrocycle aims to reduce the ecological impact of electronic waste and help businesses lower their carbon footprints.

Concept Geebee

Non Equity Assistance in 2018
Concept Geebee Inc. is a Canadian company founded in 2013, headquartered in Sherbrooke, with additional offices in France and Belgium. The company specializes in the design, manufacture, and marketing of motorized transportation vehicles, focusing on electric scooters branded as GEEBEE. In alignment with the Government of Quebec's initiatives for sustainable mobility and electrification of transportation, Concept Geebee aims to support local business innovation. The company also offers various accessories for its scooters, such as front baskets and mudguards, and provides advertising services through its vehicles.

Helios UAV

Non Equity Assistance in 2017
Helios UAV, established in 2016 and based in Terrebonne, Canada, specializes in providing data acquisition solutions using unmanned aerial vehicles (UAVs) and drones. The company serves various industries, including mining, geophysics, civil engineering, and environmental sectors. Helios UAV offers services such as soil analysis, geophysical exploration, environmental missions, remote sensing, mapping, inspection and monitoring of construction work, photogrammetric modeling, and visual production services. Additionally, the company provides magnetometers survey services to the mining industry, enabling clients to carry out airborne interventions efficiently and reducing operational time significantly.

CarbiCrete

Non Equity Assistance in 2017
CarbiCrete Inc. is a Montreal-based company that specializes in carbon removal technology, focusing on the development of innovative, low-cost building solutions aimed at reducing greenhouse gas emissions. Established in 2016, CarbiCrete offers a unique process that enables the production of cement-free, carbon-negative concrete. This technology utilizes industrial by-products and captured carbon dioxide, replacing traditional cement with steel slag and curing the concrete with carbon dioxide. By doing so, CarbiCrete not only eliminates the emissions associated with cement production but also facilitates the permanent removal of carbon dioxide from the atmosphere. The company licenses its technology to precast concrete manufacturers, thereby supporting the construction industry in adopting more sustainable practices.

Electrobac

Non Equity Assistance in 2016
Electrobac Inc. is a Montreal-based company founded in 2016 that specializes in the disposal and recycling of electronic waste. It has developed a network of smart bins designed for the convenient collection of unwanted electronic equipment, facilitating the recovery and repackaging of small electronics. Electrobac aims to extend the lifecycle of electronic devices and promote sustainable practices by prioritizing reuse, repair, and refurbishment. The company serves both individual consumers and large businesses, assisting them in integrating circular economy principles into the management of their mobile devices.

Aeponyx

Non Equity Assistance in 2016
Aeponyx Inc. is a Montreal-based company specializing in the design and manufacture of fabless micro optical switch semiconductor chips. Founded in 2011, Aeponyx focuses on developing innovative solutions for fiber optic access and optical switching, particularly in cloud computing environments. The company employs a combination of micro-electro-mechanical systems (MEMS) and silicon photonics to create compact, efficient micro optical switches. These advanced technologies facilitate disaggregated switching systems and enhance tunability in both transmission and reception within pluggable transceivers. Aeponyx's products are aimed at improving the capacity and performance of optical communications while reducing power consumption. Through its patented technologies, the company is positioned to support next-generation optical circuit switching and high-speed data transmission applications, catering to the evolving needs of the telecom and datacom sectors.

Concentric Agriculture

Non Equity Assistance in 2014
Concentric Agriculture Inc. is a Montreal-based company specializing in the research, development, manufacturing, and marketing of biological products for agricultural applications. Founded in 2007 and formerly known as Inocucor Technologies, the company focuses on enhancing the phyto-microbiome, which includes seeds, plants, root systems, and surrounding soil. Concentric develops innovative solutions such as the Inocucor Garden Solution, a live-cell formulation derived from microorganisms that optimizes plant growth and soil quality while helping crops withstand extreme weather conditions. The company's offerings include cell-free biological formulations for bio-stimulation and active compounds for bio-fertility and bio-protection. These products are utilized in various agricultural practices, including seed treatments, soil drenches, and foliar sprays, across traditional and organic farming, hydroponics, greenhouses, and orchards, both in Canada and internationally. Concentric Agriculture aims to provide safe and effective advancements in agtech that enhance crop yields and promote sustainable agricultural practices.
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