Potential Motors Inc.
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Potential Motors Inc. - overview
Established
2018
Location
Hanwell, NB, Canada
Primary Industry
Software
About
Founded in 2018 and based in Fredericton, New Brunswick, Canada, Potential Motors Inc. provides advanced off-road driving aids. In May 2024, the firm raised USD 2 million in Seed funding from returning investors Brightspark Ventures, New Brunswick Innovation Foundation (NBIF), and Build Ventures, with participation from investor Farpointe Investments. The round was part of a larger USD 8.
5 million in Seed funding. The company was founded by Sam Poirier, who is leading the firm as CEO as of 2024. Potential Motors offers a range of tech solutions including their Terrain Intelligence platform and Off-Road OS. Terrain Intelligence uses cameras, radar, and lidar to interpret and prepare for various terrains, while Off-Road OS automates driveline, suspension, and torque settings to optimize vehicle performance.
Their technology is designed to be intuitive and applicable to diverse vehicle types, including off-road adventure vehicles, powersports, defense, and mining. The company plans to use the May 2024 funding to drive the commercialization of its AI-powered perception solutions in the automotive, Powersports, mining, and defense sectors.
Current Investors
Brightspark Ventures, New Brunswick Innovation Foundation, Build Ventures
Primary Industry
Software
Sub Industries
Automobiles, Other Vehicles & Parts, Analytics & Performance Software
Website
www.potentialmotors.com
Verticals
Artificial Intelligence, Cloud Computing
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
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