Atlantic Motor Labs, a Canada-based drill motor engineering company, has raised C$250,000 ($200,000) from the local province of Nova Scotia.
Innovacorp is a venture capital fund created by the province of Nova Scotia to invest in early-stage companies.
Previously, Atlantic Motor Labs has raised C$350,000 from private and public investors.
Braden Murphy, Atlantic Motor Labs founder and president, who started the company in 2013 as a spinoff from his award-winning undergrad and thesis work at Dalhousie University said: “Today’s standard…
