MONTREAL, October 30th, 2024 – Cycle Momentum announced its investment in Relocalize, a Quebec-based cleantech startup, to scale up its autonomous microfactory platform.
Relocalize cuts greenhouse gas emissions and costs by deploying microfactories at grocery distribution centers to produce food and beverages hyper-locally. By decentralizing production, Relocalize is able to eliminate 100% of middle-mile transportation and de-risk supply chains.
Cycle Momentum co-invests with i4 Capital, joining Desjardins Capital, Waterpoint Lane, and RGS Ice. The investment will be used to accelerate the development and deployment of Relocalize’s technology platform and deploy full-scale microfactories in Canada and the United States.
“Cycle Momentum brings expertise in climate technology to help us deliver on our vision for decarbonization in the grocery supply chain.” D. Wayne McIntyre, CEO of Relocalize.
This funding is part of Relocalize’s seed extension round of 5.8 Million following the first closing led by i4 Capital and an oversubscribed extension led by Desjardins Capital.
“Relocalize is bringing innovation to the food and beverage supply chain, to address emissions from transportation and cold-chain storage. We are proud to co-invest with i4 Capital along with Desjardins Capital and the other investors.” Jennifer McDonald Senior VP, Investments Cycle Momentum.
“We believe that Relocalize’s micro-manufacturing technology will help reinvent the way consumers access quality food and beverage products. The world’s first hyper-local micro-factory for packaged ice is just the beginning; numerous applications will leverage their disruptive manufacturing platform, directly cutting GHG emissions.” Tim Tokarsky, Founder & Managing Partner of i4 Capital.
About Relocalize
Relocalize is a climate tech startup that develops autonomous food & beverage production platforms as a service (PaaS) for grocery and convenience retailers. Positioned hyper-locally at retailer distribution and fulfillment centers, these micro-factories produce CPG products on-demand for 100–200 retail stores. Each RELO performs all the functions of a traditional factory but at approximately 1/20th the scale, aiming to disrupt the US$1+ trillion ice and beverage CPG market by eliminating 100% of transportation-related CO2 emissions and waste.
About Cycle Momentum
Cycle Momentum is an international acceleration and innovation platform whose mission since 2015 has been to identify and support the development of cutting-edge technologies to address the major ecological challenges facing humanity. A member of the Cycle Capital platform, Cycle Momentum’s programs support entrepreneurial growth, financing, and commercialization of climate technologies. Cycle Momentum invests through Origo, an investment matching program supported by the Government of Quebec.
About I4 Capital
i4 Capital is a venture capital fund with over $40 million dedicated to early-stage, innovative companies developing disruptive technologies. I4 Capital focuses on innovative manufacturing/Industry 4.0, CleanTech, information technology, and advanced technologies, aiming to transform industries and economic sectors.
