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Waterloo EDC Blog

FleetCarma announces new plan to triple its size in Waterloo

Posted by Waterloo EDC on December 14, 2018

catalyst137

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.Waterloo EDC Information and Communication Technology Feature Sheet

“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, which we’ve highlighted in a downloadable feature sheet.” 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.

Want to know more about Waterloo’s tech community? Download our industry feature sheet now!


 

Topics: technology, startup, talent