For the Future: Cyclic Materials secures $53m series B funding backed; Microsoft among investors
Toronto, Ontario — Cyclic Materials has successfully closed an oversubscribed US$53m series B equity round, the company announced on Wednesday. The funding round was led by ArcTern Ventures and supported by new investors: BDC Capital’s Climate Tech Fund, Hitachi Ventures, Zero Infinity Partners, Climate Investment and Microsoft’s Climate Innovation Fund. Existing investors Fifth Wall, BMW […]
Cleaning Up: JS Truckmart wins two awards at local Chamber of Commerce awards
Estevan, Saskatchewan — JS Truckmart, located in Estevan, Sask., cleaned up at the Saskatchewan Chamber of Commerce’s Achievement in Business Excellence (ABEX) awards last weekend, winning the Growth and Expansion award as well as the big prize—the title of ABEX Business of the Year. When JS Truckmart opened in late 2017, it had just three […]
Software Struggles: Ontario man told his EV needed a $33k battery replacement; issue fixed by simple software update
Toronto, Ontario — An Ontario man was recently told that his three-year-old electric vehicle would require a new battery for $33,000…but the issue was instead solved at no charge by a simple software update. As originally reported by CTV News, Charles Jakl of East Garafraxa near Orangeville, Ont., was told that his 2018 Chevrolet Volt […]
Opportunities Abound: Amount of EV batteries available for recycling to increase between 2030-2035, says Circular Energy Storage
Toronto, Ontario — The amount of lithium-ion batteries available for recycling will increase significantly after 2030 according to Circular Energy Storage’s new battery volume forecast. When just electric vehicle (EV) batteries are considered, the annual volume will increase by 343 percent between 2030 and 2035. While there will be marginally more end-of-life lithium-ion batteries in […]
Greg Gets Gold: Automotive recycler Greg Stewart claims back-to-back Paralympic gold in Paris
Paris, France — Scrap and recycling industry member Greg Stewart defended his record-setting F46 shot put Paralympic Gold from Tokyo 2020 last week, winning back-to-back medals as he once again claimed Paralympic gold in Paris. Stewart, the owner of Para Metals Contracting and recent speaker at the Canadian Association of Recycling Industries (CARI) successfully defended […]
Seeking Feedback: Submit your requests for Canadian Auto Recyclers’ 2025 edition
Toronto, Ontario — The annual publication dedicated to Canada’s automotive recyclers is closer than you might think. As we prepare for the 2025 edition of Canadian Auto Recyclers, we’re seeking industry feedback on what YOU want to see. Fill out the short survey below to submit your ideas. Loading…
Industry Insider: Used vehicles; vehicle theft; auto auctions–the impact on the Canadian market
Toronto, Ontario — On this episode of Industry Insider, we speak with Blair Earle, managing director of IAA Inc., Canada, to hear how the used vehicle market is affecting Canadian aftermarket operations; vehicle sales prices and more. Be sure to listen to the end to hear a special segment about vehicle theft in Canada and […]
Converter Connections: URG integrates with UCC’s United Ecosystem BidTool
Texas, United States — United Recyclers Group (URG) has integrated United Catalyst Corporation’s (UCC) United Ecosystem BidTool to the urgsalessupport.com website, URG announced in a June 3 email blast. “URG is open to working with all converter companies and, to start, we have integrated UCC’s United Ecosystem BidTool into the www.urgsalessupport.com website,” wrote the company […]
An ARAAC Extravaganza: Atlantic auto recyclers set to discuss EVs, industry relations, green recycled parts and more at weekend meeting
Charlottetown, Prince Edward Island — The Automotive Recyclers Association of Atlantic Canada (ARAAC) will host its annual meeting on June 8. The docket is stacked with top-of-mind topics like green recycled parts, insurer-repairer-recycler relations, electric vehicles and much more. Kicking off at 8 a.m. on Saturday, June 8 with a buffet breakfast, the ARAAC meeting […]
Another Year at OARA: Recyclers host record event with 400+ registrants
Toronto, Ontario — The Ontario Automotive Recyclers Association (OARA) hosted its highly anticipated annual event last week, where attendees from across Canada gathered for multiple days of thoughtful conversation around the future of the industry. The event began with a pre-show on Thursday, where recyclers, insurance representatives, collision repair network reps and many others gathered […]
