What Canadian Electric Vehicles does

Canadian Electric Vehicles Ltd. (CanEV) is a privately held, 100% Métis (Indigenous)-owned Canadian manufacturer of electric vehicles, powertrain systems, and modular battery platforms, headquartered in Parksville, British Columbia. Founded in 1995 in Errington, BC, the company designs and fabricates electric utility vehicles—the Might-E Truck (1,500 lb payload, 75-mile range, 72V AC drive) and the Might-E Tug (2,000–7,000 lb towing capacity)—alongside a configurable EV component stack branded as CanPACK (lithium battery systems from 48V to 800V+ in LFP or NMC chemistries), CanPOWER (custom powertrain kits), CanPARTS (motors, controllers, chargers, displays, converters), and CanEVbus (CAN-based plug-and-play wiring harness). Under its consumer-facing sub-brand iCanEV, CanEV also addresses classic-car conversion and DIY builders with complete retrofit kits.

The company's commercial focus is fleet and industrial electrification across government and municipal fleets (federal, provincial, municipal public works and parks), commercial and industrial operations (factories, warehouses, manufacturing facilities), dealerships and vehicle retrofitters, and specialty verticals such as agriculture, mining, and marine. Documented customers include the City of Santa Monica (25 Might-E Trucks deployed in 2019), the Government of Canada (2024 farm research vehicle electrification contract), universities, and global airport operators. Revenue is generated primarily through hardware sales of vehicles and modular EV systems with quote-based enterprise pricing, supplemented by engineering and technical support services billed at $150 CAD per hour after an included 3-hour allotment per product. Distribution is conducted via direct enterprise sales for fleet orders and an owned e-commerce storefront (shop.canev.com) for parts and kits, with deployments documented across Canada, the United States, and Japan.

CanEV has grown organically over 30 years without disclosed venture capital or private equity backing, supported by clean-technology grants including a 2021 CleanBC ARC award for third-generation Might-E Truck development. The company emphasizes a right-to-repair and plug-and-play design philosophy, Transport Canada compliance, and CSA/UL-rated components, positioning itself as a domestic provider for fleet decarbonization mandates and specialty electrification requirements underserved by mass-market EV automakers.

Name

Canadian Electric Vehicles

Legal name

Canadian Electric Vehicles Ltd.

Website

https://canev.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

101–250 employees

Short description

Canadian Electric Vehicles (CanEV) designs and manufactures the Might-E Truck and Might-E Tug and modular EV systems (CanPACK batteries, CanPOWER powertrains, CanPARTS components) for government, municipal, commercial, and industrial fleet electrification across North America and internationally.

Ownership category

akta.pro rank

Product category

Electric Vehicles and Powertrain Systems

NAICS

Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632), Battery Manufacturing (33591), Motor Vehicle Transmission and Power Train Parts Manufacturing (33635), Motor Vehicle Electrical and Electronic Equipment Manufacturing (336320)

SIC

Truck & Bus Bodies (3713), Electronic & Other Electrical Equipment (No Computer Equip) (3600), Motors & Generators (3621)

akta.pro primary industry

EV Platform/Skateboard & Chassis Integration Manufacturing (IMACACAI)

akta.pro secondary industries

Battery Pack & Module Manufacturing (EV) (IMACACAA), EV Charging Hardware Manufacturing (AC/DC Chargers/Dispensers) (IMACACAE), Specialty Off-Road Utility Vehicles (UTVs, ATVs, Side-by-Sides) (IMAHAIAG)

Keywords

• Electric utility vehicles
• EV conversion systems
• Modular battery systems
• Electric powertrain kits
• Fleet electrification

Headquarters

HQ city

Parksville

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Electric Vehicles (Might-E Truck, Might-E Tug): Sale of complete electric utility vehicles and tugs built in-house. Fleet sales to government, municipal, and commercial customers. Includes 12-month commercial warranty.
2. EV Conversion Kits (CanPOWER): Sale of complete electric conversion systems including motor, controller, batteries, charger, and wiring harness. Starting at $28,000 CAD uninstalled, full conversions from $48,000 CAD.
3. CanPACK Modular Battery Systems: Sale of configure-to-order lithium battery packs. Voltage range 48V to 800V+, capacities from 10-116 kWh. Sold as standalone products for mobile machinery, stationary systems, and marine applications.
4. CanPARTS Components: Sale of certified EV drivetrain components including motors, controllers, chargers, displays, converters, and wiring. Individual parts and accessories via online store.
5. Engineering and Technical Support: Up to 3 hours included remote technical assistance per product. Additional consulting at $150 CAD per hour. Covers commissioning, configuration, diagnostics, and integration advice.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Canadian Electric Vehicles (CanEV) designs, manufactures, and sells electric utility vehicles (Might-E Truck, Might-E Tug) along with modular EV powertrain kits, configurable lithium battery systems, and certified drivetrain components. The company also offers complete vehicle conversion services and engineering/technical support for fleet electrification, custom vehicle retrofits, and DIY EV conversion projects. Products are built in-house in Parksville, British Columbia, and sold via direct sales to government, commercial, and industrial fleets as well as through an e-commerce storefront to DIY builders.

Product overview

CanEV offers a modular, integrated ecosystem of EV systems, components, and vehicles for fleet and industrial electrification. The core product portfolio centers on the Might-E Truck (electric utility vehicle) and Might-E Tug (electric walk-behind tow unit), both manufactured in-house in British Columbia. Supporting the vehicle products are modular electrification building blocks: CanPOWER (custom powertrain kits), CanPACK (configurable lithium battery systems), and CanPARTS (certified components including CanCHARGE, CanCONVERT, CanCONTROL, CanCONNECT, CanDRIVE, and CanEVbus wiring harness). The company also operates iCanEV as a sub-brand serving classic car owners and DIY builders with conversion kits. The architecture is designed for interoperability—CanPACK batteries power CanPOWER drivetrains, CanPARTS components integrate via CanEVbus, and the entire system is supported by Canadian-based engineering. The product range spans complete vehicles for government/municipal fleets, conversion kits for commercial and industrial operations, and modular battery systems for diverse applications including marine, mining, and stationary power.

Differentiator

Problem solved

Functional benefit

Brands

• iCanEV: Consumer-focused EV conversion brand for classic car owners, DIY builders, and enthusiasts providing CanPOWER conversion kits, CanPACK battery systems, and support for individual vehicle electrification projects.
• CanPOWER
• CanPACK
• CanPARTS
• Might-E Truck
• Might-E Tug
• CanEVbus

Products and services

• Might-E Truck Canada's most proven electric utility vehicle, built in-house since 1996. Features a welded, powder-coated steel chassis, fabricated aluminum cab, and customizable utility bodies. Powered by CanPACK batteries with smart BMS, CanDRIVE motor and inverter sets, and integrated CanCHARGE and CanCONTROL systems, with a 72V AC drive system, up to 1,500 lb payload capacity, and 75-mile (120 km) range per charge. Targeted at government, municipal, and commercial fleet customers.
• Might-E Tug High-torque electric walk-behind tow unit for safe, zero-emission logistics indoors or out. Features towing capacity from 2,000 lbs (Standard Duty) to 7,000 lbs (Super Duty), battery options from 24V sealed lead-acid to 220Ah, variable speed control, dead man switch, and runtime up to 72 hours per charge depending on load and use. Targeted at warehouses, factories, airports, and industrial facilities.
• CanPOWER Electric Powertrain Kits Custom plug-and-play electric powertrain kits for vehicle and equipment electrification. Includes motor, controller, batteries, charger, and wiring harness. Starting at $28,000 CAD uninstalled, with full vehicle conversions from $48,000 CAD. Engineered to specific voltage, form factor, and duty cycle requirements. Targeted at commercial vehicle converters, OEM production integration, electric PTO applications, and DIY enthusiasts via iCanEV.
• CanPACK Modular Battery Systems Configure-to-order scalable lithium battery systems for mobile and stationary power. Voltages from 48V to 800V+, capacities from 10–116 kWh, available in LiFePO4 (LFP) or NMC chemistries. Integrated BMS and CANbus-ready diagnostics, with fire containment and IP-rated enclosure options. Targeted at vehicle conversions, mobile machinery, stationary systems, and marine applications.
• CanPARTS Certified EV Components Certified EV drivetrain components including motors, chargers, controls, displays, converters, and complete support from a single accountable source. The CanPARTS family encompasses CanCHARGE charging hardware, CanCONVERT DC-DC converters, CanCONTROL driver interfaces and displays, CanCONNECT key-on ignition logic, CanDRIVE motor and inverter sets, and CanBUS wiring harness. Sold individually as parts and accessories via the online store. Targeted at OEMs, dealerships, retrofitters, and DIY builders.
• iCanEV EV Conversion Systems Consumer-focused sub-brand offering complete EV conversion systems for classic car owners and custom builders. Provides CanPOWER kits, CanPACK battery systems, CanEVbus wiring, and CanPARTS components with real engineering support, documentation, and no gatekeeping. Targeted at DIY enthusiasts and professional builders converting classic cars, muscle cars, and custom projects to electric power.
• Engineering and Technical Support Services Remote technical assistance and engineering consulting services covering EV system commissioning, configuration, diagnostics, and integration advice. Includes up to 3 hours of remote technical assistance per product (Might-E Truck, Might-E Tug, custom CanPOWER kits). Additional consulting is sold at $150 CAD per hour, purchased in advance in 2, 4, or 8 hour blocks with a minimum increment of 15 minutes. Targeted at fleet operators, OEMs, retrofitters, and DIY builders needing expert engineering guidance.

Quantifiable outcome

• Might-E Truck range up to 75 miles (120 km) per charge with 72V AC drive system
• +3 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators5 records

Recent moves5 records

Expansion highlights6 records

Broad incumbents

• BYD: BYD is a large, established EV manufacturer with a commercial-fleet portfolio covering trucks, vans, and battery systems, operating as a broad incumbent overlapping CanEV's end markets.

Direct peers

• Club Car: Club Car (Platinum Equity-owned) builds electric utility, hospitality, and small-fleet vehicles, including low-speed electric models for commercial customers comparable to CanEV offerings.
• Workhorse Group: Workhorse builds electric delivery trucks and last-mile commercial vehicles for fleet operators, overlapping the commercial-fleet EV segment that CanEV serves.
• Motiv Power Systems: Motiv provides electric powertrains and chassis for medium-duty commercial fleet vehicles, conceptually similar to CanEV's CanPOWER kits and chassis-integrated approach.
• AYRO: AYRO designs and manufactures low-speed electric utility vehicles for fleets, campuses, government, and last-mile delivery, closely mirroring CanEV's Might-E Truck positioning.
• Polaris (GEM): Polaris owns GEM, a low-speed electric utility vehicle line serving campuses, municipalities, and commercial fleets in North America, directly overlapping with Might-E Truck.
• GreenPower Motor Company: GreenPower is a Canadian public EV manufacturer focused on commercial electric buses, trucks, and vans, sharing Canadian roots and the commercial-fleet electrification focus.
• E-Z-GO (Textron Special Vehicles): E-Z-GO, part of Textron, produces electric utility and low-speed vehicles for commercial and institutional fleets, a comparable specialty-EV segment to CanEV.
• Lightning eMotors: Lightning eMotors converted and built electric commercial fleet vehicles and powertrains for work trucks and shuttle buses, a direct fleet-EV-conversion peer to CanEV.
• Phoenix Motor: Phoenix Motor manufactures electric medium-duty trucks and shuttle vehicles for commercial and government fleets, addressing comparable use cases to CanEV's utility vehicles.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/118842568154379
• LinkedInlinkedin.com/company/canadian-electric-vehicles

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Canadian Electric Vehicles