Last deal

$1.5M
Local Amount - CAD 2M

Amount

Seed

Stage

02.05.2024

Date

4

all rounds

$6.3M

Total amount

General

About Company
Potential Motors is an electric off-road vehicle startup that develops adventure UTVs.

Industry

Sector :

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Also Known As

Potential

founded date

01.01.2018

Number of employees

Company Type

For Profit

Last funding type

Seed

IPO status

Private

Description

Headquartered in Canada, Potential Motors is revolutionizing the off-road industry by creating electric adventure UTVs and vehicle control systems. Their technology adapts vehicle systems to different terrains, providing optimal driver control, and simplifies vehicle architecture for manufacturers. In addition to selling low-volume adventure UTVs, Potential Motors also offers software and engineering services to off-road OEMs. Backed by notable investors like Brightspark Ventures and Marc Benioff's TIME Ventures, the company has raised $6.5M CAD / $5M USD to date. Their AI-driven software drive system, RallyAI, enhances safety and performance by proactively adjusting the vehicle based on real-time data. With a focus on electric vehicle architecture, Potential Motors is leading the way into the electric future of off-road vehicles.
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