Elocity is honoured to be selected and receive funding from Sustainable Development Technology Canada (SDTC) under the “Seed Fund” program. The firm’s solution allows electricity utilities to effectively manage demand and the loads attributable to increasing rates of electric vehicle (EV) adoption. Elocity’s technology ensures grid stability while minimizing the need for new infrastructure investment.
Elocity is a Cleantech company based in Toronto, ON. Elocity digitally transforms the journey to transportation electrification for electric utilities, cities and businesses. Elocity has setup it’s Research & Development centre in Bangalore and sales offices in Bangalore and Delhi to expand its presence in Indian and Asian market. Elocity is already in talks with utilities and other private/public companies for solution deployment in EV charging infrastructure.
Elocity was founded by industry veteran Sanjeev Singh who has significant domain and technical expertise through working with electric utilities globally. Before starting Elocity, Sanjeev worked with Tech Mahindra, HCL and Wipro focusing on various smart metering and smart grid solutions. Elocity co-founder Dr. Arvind Kumar was previously the VP of Research and Development at Optym and is an expert in mathematical optimization.
Don Huff, the Chair of Elocity’s Global Advisory Board, stated “Elocity has developed our flagship digital platform product HIEV (composed of software, hardware and systems) to enable utilities to manage EV-charging demand. It seamlessly balances and integrates electromobility charging into existing electricity grid infrastructure and customer business processes.”
Elocity is incubated at the Center for Urban Energy Ryerson (CUE) in Toronto and is mentored through the Accelerator Centre’s JumpStart™ program in Waterloo.
Elocity began deploying a demonstration program with London Hydro in late 2018, the findings continue to influence product development. Elocity is currently in negotiations with several clients (power utilities – LDCs, smart municipalities and EV charging network operators) in North America and overseas.