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Federal government invests $400K in RVE – Recharge Véhicule Électrique

May 13, 2024
By Canadian Manufacturing

Presented by:
CMO

LAVAL — Annie Koutrakis, Member of Parliament for Vimy and Parliamentary Secretary to the Minister of Tourism and Minister responsible for CED, announced a repayable contribution of $400,000 for RVE – Recharge Véhicule Électrique. This CED support will enable the Laval SME to increase the pace of its export market development efforts.

RVE specializes in the design of energy management systems for electric vehicles and holds a North American patent on a charge controller for electric vehicles. This business would now like to expand its market. The financial support from CED announced today will make it possible to hire employees dedicated to implementing a marketing strategy targeting mainly the U.S., as well as fund some of its promotional activities so that, in time, RVE can expand its distribution network.

“Helping businesses grow and innovate so they can become more competitive and create good‑quality jobs is a core priority for us. That is why CED is supporting RVE, whose success is raising the profile not only of the Montréal region, but also of the Canadian economy as a whole. We are here to help workers and Quebec and Canadian SMEs so that, together, we can build a stronger, more resilient, more sustainable economy,” said Annie Koutrakis, Member of Parliament for Vimy and Parliamentary Secretary to the Minister of Tourism and Minister responsible for CED.

“SMEs are at the core of community development and are part of our government’s economic growth plan. We are helping them to innovate and grow. That is why I am delighted with CED’s support for RVE’s project, which will make it possible to not only create good jobs, but also contribute to the city of Laval’s economic vitality. Thank you and congratulations to the entire RVE team on this wonderful project,” said Soraya Martinez Ferrada, Minister of Tourism and Minister responsible for CED.


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