Delta-Q Receives $17M from Tandem Expansion

Delta-Q Technologies Corp., a Burnaby, BC, Canada-based supplier of power conversion and power management products for electric drive vehicles such as golf cars, aerial work platforms, industrial floor cleaning machines, and Neighbourhood Electric Vehicles, has reveived a $17m investment from Tandem Expansion.

The investment, which was made through the $300m Tandem Expansion Fund I, L.P., will be used to support the company’s product development and overall corporate growth plans.

Delta-Q is currently recruiting globally to fill new high talent positions in B.C. in engineering, product and program management, operations, sales and marketing.

The company’s customers include some of the largest manufacturers of recreational, industrial and specialty electric drive vehicles in the world.

FinSMEs

12/05/2010

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