Closed
Electric Vehicle (EV) — Stream 2
Ontario EV co-investment for technology development
Last Update: April 10, 2026
Funding available
$ 1,000,000
Timeline
- Open Date : April 3, 2023
- Closing date : November 7, 2023
Location
Ontario, Canada
Overview
This program offers up to $1,000,000 in co-investment for Ontario-based EV and battery technology projects. It supports development, testing, validation, demonstration, piloting, commercialization, and deployment activities.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Develop strategic partnerships
- Develop a new product or service
- Conduct research and development activities
Eligible Funding
- Maximum amount : 1,000,000 $
- Up to 33% of project cost
Timeline
- Open Date : April 3, 2023
- Closing date : November 7, 2023
Eligible candidates
Eligible Industries
- Utilities
- Manufacturing
- Transportation and warehousing
- Professional, scientific and technical services
Location
- Ontario
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- 499 employees maximum
Audience
- Startups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Development and demonstration of EV technologies.
- Development and demonstration of battery manufacturing technologies.
- Testing, validation, and piloting of EV-related solutions.
- Demonstration of actual products in Ontario at events, on the road, or at customer sites.
Documents Needed
- Client intake form
- Expression of Interest (EOI) application
- Full Proposal application
- Signed Letter of Support from contributing partners
Eligibility
Who is eligible?
- Small and medium enterprises (SMEs)
- EV, battery, charging, and smart mobility technology companies
- National and multinational enterprises
- Academic institutions, municipalities, transit authorities, Crown corporations, and Indigenous communities as partners
- Industry-representing not-for-profit organizations
Who is not eligible
- Businesses that are not SMEs
- Organizations without operations in Ontario
Eligible geographic areas
- Ontario
Processing and Agreement
- Applications are reviewed for eligibility, completeness, and financial compliance.
- Selected EOIs are invited to submit a Full Proposal.
- Eligible applications are assessed by external reviewers and then by OCI review panels.
- Successful applicants are notified by OCI and receive the conditions needed to activate the project.
- Unsuccessful applicants are notified, and feedback may be provided through their Business Development Manager.
Additional information
- Applications are accepted during open funding rounds, with deadlines posted on OVIN's website.
- Project intellectual property is managed by the applicant and partners; OCI does not claim or manage IP rights.
- Public communications about the project require OCI review and approval before release.
Documents and links
Contacts
Frequently Asked Questions about the Electric Vehicle (EV) — Stream 2 Program
Here are answers to the most common questions about the Electric Vehicle (EV) — Stream 2. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the Electric Vehicle (EV) — Stream 2?
This program offers up to $1,000,000 in co-investment for Ontario-based EV and battery technology projects. It supports development, testing, validation, demonstration, piloting, commercialization, and deployment activities.
How much funding can be received?
Electric Vehicle (EV) — Stream 2 Funds up to 33% of admissible expenses, capped at $1,000,000 per project.
What is the deadline to apply?
The application deadline for this grant program was November 7, 2023.
Who is eligible for the Electric Vehicle (EV) — Stream 2 program?
To be eligible for the Electric Vehicle (EV) — Stream 2 program, you must:
SME with under 500 employees
Ontario operations and project
At least one partner required
What expenses are eligible under Electric Vehicle (EV) — Stream 2?
Development and demonstration of EV technologies.
Development and demonstration of battery manufacturing technologies.
Testing, validation, and piloting of EV-related solutions.
Demonstration of actual products in Ontario at events, on the road, or at customer sites.
Who can I contact for more information about the Electric Vehicle (EV) — Stream 2?
You can contact Ontario Centre of Innovation (OCI) by email at none or by phone at none.
Where is the Electric Vehicle (EV) — Stream 2 available?
The Electric Vehicle (EV) — Stream 2 program is available the province of Ontario.