Taxelco
Taxelco was a Montreal-based holding company that consolidated traditional taxi operators and launched Canada's first 100% electric taxi service, Téo Taxi. Following 2024, all operations unified under the Téo Taxi brand serving Greater Montreal, the South Shore, and YUL airport.
- Company typePrivate
- Founded2014
- HeadquartersMontréal, Canada
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What Taxelco does
Taxelco was a Montreal-based holding company founded in 2014 by XPND Capital under Alexandre Taillefer, with the mission to modernize Montreal's taxi industry through consolidation, electrification, and technology adoption. Between 2015 and 2025 it acquired a series of established Montreal taxi operators — Taxi Hochelaga (2015), Taxi Diamond (2016, Montreal's largest fleet), Taxi Central Beloeil (2016), Taxi Prestige Châteauguay (2022), and Radio Taxi Union (2025) — and in 2015 launched Téo Taxi, Canada's first 100% electric taxi service. The company operated a unified mobile platform (Téo App) for booking, dispatch, and electronic payment, alongside a corporate web platform (Plateforme) and the Netlift corporate mobility brand.
The underlying technology centered on EV fleet management, charging infrastructure integration, and a proprietary dispatch and virtual queuing system used for organized taxi service at YUL Montréal-Trudeau International Airport, where the company secured an exclusive contract starting May 2025. Following financial distress in early 2019 (Téo Taxi operations ceased in January 2019; Taxelco filed for CCAA creditor protection in February 2019), businessman Pierre Karl Péladeau acquired Taxelco's assets in 2019, and Téo Taxi was relaunched in October 2020 under a self-employed driver model. In 2024, all brands unified under the Téo Taxi brand and Taxelco ceased operating as a separate corporate entity.
Revenue mechanics were primarily transaction-based on regulated Quebec taxi tariffs set by the Commission des transports du Québec, supplemented by cancellation fees, cleaning fees, monthly invoicing for concierge and corporate clients, and a contract-style arrangement with YUL airport. The company raised approximately $17M in 2018 from La Caisse, Fondaction, Fonds de solidarité FTQ, and XPND Capital, and employed 120+ people as of 2022.
Taxelco firmographics
Firmographics- Name
- Taxelco
- Legal name
- Placements St-Jérôme
- Website
- https://taxelco.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Closed
- Headcount range
- 101–250 employees
- Short description
- Taxelco was a Montreal-based holding company that consolidated traditional taxi operators and launched Canada's first 100% electric taxi service, Téo Taxi. Following 2024, all operations unified under the Téo Taxi brand serving Greater Montreal, the South Shore, and YUL airport.
- Ownership category
- akta.pro rank
Taxelco industry classification
Industry- Product category
- Taxi and Urban Ground Transportation
- NAICS
- Taxi and Ridesharing Services (485310)
- SIC
- Local & Suburban Transit & Interurban Hwy Passenger Trans (4100)
- akta.pro primary industry
- Taxi-Hail Aggregators & Dispatch Platforms (E-Hail for Licensed Taxis) (TLAFAIAD)
- akta.pro secondary industry
- Ridesharing & Taxi Dispatch Platforms (BPAMAHAA)
Keywords
Where Taxelco is headquartered
LocationHeadquarters
- HQ city
- Montréal
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Taxelco business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Taxi Transportation Services: Taxelco generated revenue by providing taxi transportation services to passengers via its mobile app, website, phone concierge, and corporate platforms. Fares were charged at the end of each ride using stored payment details, or invoiced monthly for concierge clients. The company applied tariffs established by the Commission des transports du Québec. Additional revenue came from cancellation fees ($5), cleaning fees ($50), and damage charges.
- Corporate Transport Services (Netlift): Netlift, a subsidiary brand, offered integrated corporate mobility solutions, providing corporate transport services to business clients.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Pay-per-ride standard taxi service |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels6 records
Taxelco product offering
Product offeringCore offering
Taxelco operated a Montreal-area taxi service combining an all-electric flagship fleet (Téo Taxi) with acquired legacy taxi brands (Taxi Diamond, Taxi Hochelaga, Taxi Central Beloeil, Taxi Prestige Châteauguay, Radio Taxi Union) under a unified mobile-app platform. Services were delivered through the Téo App for individual consumers, a corporate web platform and Netlift for business clients, and a virtual queuing system at YUL Montréal-Trudeau International Airport. All fares followed tariffs set by the Commission des transports du Québec.
Product overview
Taxelco operated as a holding company from 2015 to 2024, consolidating multiple taxi brands under a single portfolio to modernize Montreal's taxi industry. The portfolio included the flagship all-electric Téo Taxi brand, the mobile Téo App for booking and payment, and several acquired traditional taxi companies (Taxi Diamond, Taxi Hochelaga, Taxi Central Beloeil, Radio Taxi Union, Taxi Prestige Châteauguay), along with corporate mobility solution Netlift. In 2024, all operations unified under the Téo Taxi brand. The offerings ranged from fully electric premium taxi services to traditional taxi operations and corporate transport solutions, all managed through the Téo App platform.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- Fleet of over 1,720 vehicles across acquired networks by August 2016
- +2 more outcomes
Companies that use Taxelco
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
Taxelco technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Taxelco partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- YUL Montréal-Trudeau International AirportcoreTéo Taxi secured the exclusive taxi service contract for YUL Montréal-Trudeau International Airport starting May 2025. This contract represents a major strategic win, providing a continuous stream of airport-bound travelers managed through virtual queuing systems.
- Commission des transports du QuébeccoreThe provincial regulator whose tariff decisions Taxelco applied for all transportation services. Taxelco operated under regulated taxi frameworks set by this government body, including the December 10, 2015 tariff decision.
Scale indicators8 records
Recent moves8 records
Expansion highlights5 records
Taxelco competitors and assessment
Company assessmentBroad incumbents
- ComfortDelGro: Large multinational taxi and private-hire vehicle operator with a regulated fleet model in multiple geographies. Comparable as a multi-brand taxi consolidator with corporate and consumer service lines similar to Netlift and Téo.
- Lyft: North American ridehailing platform; while not operating directly in Montreal, it is a structural comp for app-based urban passenger mobility business models and a reference point for taxi/TNC competition dynamics.
- FreeNow (BMW/Daimler mobility): European multi-mobility app aggregating taxis, private hire vehicles, and other transport modes across multiple countries. Comparable as a regulated-taxi-focused e-hail platform expanding via a multi-brand aggregator model.
Regional players
- Addison Lee: London-based premium taxi and private-hire operator with a corporate account model and a controlled fleet, comparable to Taxelco's Taxi Diamond corporate heritage and Netlift corporate mobility offering.
- Eva (Montreal): Montreal-based on-demand ridehail/limo service operating in the same Greater Montreal market; competes for the same consumer and corporate rider base as Téo Taxi and the legacy taxi brands.
Others
- iCabbi: Taxi dispatch and fleet management software provider used by licensed taxi operators globally. Comparable to Taxelco's proprietary Téo App/virtual queuing system as enabling technology for the licensed-taxi industry.
Direct peers
- Uber: Global ridehailing platform operating in Montreal; competes with Téo Taxi for on-demand urban passenger trips, including at YUL airport where Uber has historically been a key alternative. Most relevant direct peer given overlap in app-based dispatch and consumer rider base.
- Curb: North American taxi-hailing app platform for licensed taxi fleets. Directly comparable to the Téo App because it provides e-hail, dispatch, and payment to regulated taxi operators in multiple U.S. and Canadian cities.
Emerging players
- Revel: New York-based electric rideshare and taxi service operating a managed EV fleet with employed drivers; closely comparable to Taxelco's pre-2019 company-owned-EV model in both technology and capital-intensity profile.
- Green Commuter (electric taxi / shuttle): North American electric-vehicle carpool and taxi/subscription service; comparable as an EV-led urban mobility operator pursuing the same sustainability-driven positioning that defined Téo Taxi's brand.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights5 records
Customer concentration
Taxelco social profiles
Digital presenceTaxelco financial estimates
Financial estimateRevenue estimate
Valuation estimate
Taxelco leadership team
Management profileNumber of profiles
Profiles4 records
Taxelco subsidiaries and ownership
Company hierarchySubsidiaries7 records
Taxelco funding detail
Funding detailFunding overview
Funding rounds1 record
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Taxelco M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Taxelco
What does Taxelco do?
Taxelco operated a Montreal-area taxi service combining an all-electric flagship fleet (Téo Taxi) with acquired legacy taxi brands (Taxi Diamond, Taxi Hochelaga, Taxi Central Beloeil, Taxi Prestige Châteauguay, Radio Taxi Union) under a unified mobile-app platform. Services were delivered through the Téo App for individual consumers, a corporate web platform and Netlift for business clients, and a virtual queuing system at YUL Montréal-Trudeau International Airport. All fares followed tariffs set by the Commission des transports du Québec.
Is Taxelco a public or private company?
Taxelco is a private company. It is classified as founder individual operated bootstrapped and is currently closed.
When was Taxelco founded?
Taxelco was founded in 2014. It employs 101 to 250 people.
Where is Taxelco based?
Taxelco is headquartered in Montréal, Canada, in the North America region.
How does Taxelco make money?
Two revenue lines are on record. Taxi Transportation Services are the primary driver. The others are corporate Transport Services (Netlift).
Who are Taxelco's main competitors?
Broad incumbents on record are ComfortDelGro, Lyft and FreeNow (BMW/Daimler mobility). Regional players are Addison Lee and Eva (Montreal). iCabbi is listed as an others. Direct peers are Uber and Curb. Emerging players are Revel and Green Commuter (electric taxi / shuttle).
Does Taxelco have an API?
No public API is recorded for Taxelco.
What industry is Taxelco in?
Taxelco's product category is Taxi and Urban Ground Transportation. Its primary akta.pro industry code is TLAFAIAD, Taxi-Hail Aggregators & Dispatch Platforms (E-Hail for Licensed Taxis), with a secondary code of BPAMAHAA, Ridesharing & Taxi Dispatch Platforms. Its NAICS code is 485310 and its SIC code is 4100.