ENVO Drive Systems Named One of Canada’s Clean Technology Winners in Deloitte’s Technology Fast 50™ Program

November 8, 2023

Recognized as one of Canada’s top clean innovators providing processes, goods, or services that reduce environmental impacts

Vancouver, Canada (November 8, 2023)/ENDURANCE SPORTSWIRE/ – ENVO Drive Systems has received a Clean Technology award as part of Deloitte’s Technology Fast 50 program. Launched last year, the new award leadership category recognizes Canada’s top clean innovators providing processes, goods, or services that reduce environmental impacts.

Designers and manufacturers of traditional e-bikes as well as unique, purpose-built e-vehicles for snow, water and 4-wheeling, ENVO Drive Systems remains consistently on the cutting edge of micro-electric-mobility. Their wide range of vehicles for all manner of different uses across all seasons — around the home or workplace, on urban roads and paths, or deep in the great outdoors — is testament to the breadth of their commitment to green mobility solutions.

“We are absolutely thrilled and honored to receive this award from the great folks at Deloitte alongside the other exemplary brands who also won,” says Founder and CEO Ali Kazemkhani. “It’s completely in line with our goals as an e-mobility brand, and it shows just how hard our team has worked to make the best, most useful and versatile emission-free products you’ll find anywhere. Whether it’s our super-fun e-SnowBike and e-SnowKart, extremely utilitarian e-ATV, or the new Veemo all-weather electric trike, our vehicles are truly unique and perfectly serve our mission to address technological gaps of e-mobility by offering innovative, modular, versatile-yet-affordable solutions, letting more riders replace their cars.”

“These outstanding companies are amongst the elite of Canada’s clean technology sector, developing and bringing to market innovations that create a more resilient and sustainable future for the environment,” stated Anders McKenzie, partner and national leader for the Technology Fast 50 program at Deloitte Canada.

“With ever-increasing business opportunities to reduce our carbon footprint, make energy efficiency gains, and accelerate the deployment of renewable energy sources, these winners distinguish themselves in a highly promising and dynamic space. They represent a cohort of innovators who are contributing to the environment and helping to create a sustainable business and technology landscape in Canada.”

Eligibility in the Clean Technology category requires applicants to meet the same criteria as Technology Fast 50 nominees except they must have a minimum revenue of $50,000 in 2019 and $5 million in 2022. The winning companies are ranked by their revenue-growth percentage over that period.

The majority of the companies’ revenues must come from products or services that have a positive environmental impact in the following areas: carbon emissions reduction potential, resource circulation (reduce, reuse, and recycle), or environmental preservation and safety.

This year marks 26 years since the establishment of Deloitte’s Technology Fast 50 award program in Canada.

About the Deloitte Technology Fast 50™ program: The Deloitte Technology Fast 50 program is Canada’s pre-eminent technology awards program. Celebrating its 26th anniversary, the program recognizes business growth, innovation, and entrepreneurship in four distinct categories: Technology Fast 50 ranking, Enterprise—Industry leaders, Clean Technology, and Companies-to-Watch. The program also recognizes companies within the North American Technology Fast 500 ranking, identifying thriving technology companies in the United States and Canada. The 2023 program sponsors include Deloitte, RBCx, Osler, EDC, CCI, TMX, Clarity, and Lafond. For further information, visit www.fast50.ca.

About ENVO Drive Systems: ENVO Drive Systems, is a Canadian pioneering engineering and manufacturer of micro-electric-mobility products. ENVO’s mission is to fill in the gaps of e-mobility by offering innovative, modular and versatile products. Heavily investing in R&D, ENVO is committed to affordable quality to be the preferred e-mobility choice for the sustainable future of our planet.