Waterloo-based FleetCarma, an award-winning clean-tech information and technology company, has announced that it will triple in size – hiring about 100 new employees – and relocate to Catalyst137, the world’s largest Internet-of-Things manufacturing hub.
This news comes six months after the company – which specializes in solutions to manage and accelerate the transition to electric vehicles – was acquired by Geotab.
“This expansion into Catalyst137 allows us to co-locate with other globally-focused IoT firms and provides significant space for our growth plans,” said Matt Stevens, Geotab’s VP of Electric Vehicles and CEO of FleetCarma.
Catalyst137 is a key asset in Waterloo’s industry support ecosystem. It’s a massive, 475,000-square-foot facility, it caters to Internet-of-Things companies and is home to a testing facility, commercialization services, a hackable streetscape and established companies like Miovision and BorgWarner.
In his comments, Stevens specifically noted Waterloo’s talent advantage as a reason FleetCarma is choosing to expand within the community.
“Embedded in Geotab’s acquisition of FleetCarma was an understanding of the immense talent and innovative culture that is present in Kitchener-Waterloo,” he said.
Read more of the story from the Waterloo Region Record here.