QUEBEC, July 31, 2024 (GLOBE NEWSWIRE) -- UgoWork™, a premier provider of advanced energy storage solutions for material handling equipment, today announced the closing of $51M as part of its Series C financing. This investment round was led by Fonds de solidarité FTQ, with significant participation from returning investors Investissement Québec (IQ), Export Development Canada (EDC), and includes a new credit facility from Desjardins Technology & Innovation Banking. This financing brings UgoWork's total funding to $77 million, strongly positioning the company for continued growth and innovation in the energy sector. Since 2015, UgoWork has empowered top-tier logistics operators to electrify and modernize their fleets with its integrated hardware and cloud software ecosystem. Its user-friendly power solutions and exceptional support transform fleet management, helping operators meet the unprecedented pressure for efficiency in the logistics market. UgoWork's clients achieve cost savings by reducing the equipment needed to run their operations, offering a significant advantage in the current environment of high-costs and labor shortages. Moreover, its AI-driven cloud platform unlocks peak shaving features to lower energy costs during high demand periods and enhances safety through the use of digital twin technology. "We are committed to helping our customers make their energy transition by offering ...