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
Official resources
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
Selection criteria
- Clarity of the market opportunity and expected benefits for Ontario.
- Technical merit, novelty, and ability to address the challenge.
- Team expertise, clear roles, and evidence of collaboration.
- Potential economic, social, and environmental impact.
- Feasibility of the project plan and strength of the commercialization strategy.
How to apply
- Step 1: Client intake and program contact
- Complete the client intake form to open the application process.
- An OCI Business Development Manager will contact you to discuss the opportunity and assist you.
- Step 2: Submit the Expression of Interest
- Prepare and submit the EOI through OCI's AccessOCI web portal.
- EOIs are reviewed internally and externally.
- Step 3: Submit the Full Proposal
- If selected, submit the Full Proposal through AccessOCI.
- Your Business Development Manager must endorse the application before submission.
- Step 4: Review and decision
- Qualified applicants may be invited to present to the External Review Panel.
- The External Review Panel recommends projects to OCI's Internal Review Panel for final decision.
- Step 5: Award and project activation
- Successful applicants are notified by OCI.
- The funding agreement must be executed before the project is activated.
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.
Frequently Asked Questions about the Electric Vehicle (EV) — Stream 2 Program
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).
Where is the Electric Vehicle (EV) — Stream 2 available?
The Electric Vehicle (EV) — Stream 2 program is available the province of Ontario.