Charged EVs | Rockit Motors raises over $47 million to expand electric motor contract manufacturing
Rockit Motors has raised more than $47 million in equity and debt facilities from MKB Equity Partners, National Bank of Canada and BDC Capital. Rob Briscoe, the company’s President and CEO, retains majority ownership and control.
The Montreal-based company manufactures electric motors, generators and components—stators and rotors included—for OEMs and Tier 1 suppliers in power generation, rail, e-mobility and industrial markets. Rockit operates facilities in the US, Canada and Mexico.
The capital will fund co-investments in tooling, machinery and equipment alongside customers, plus hiring across sales, engineering and program management. The company positions itself as a near-shoring option for OEMs moving motor production out of overseas factories in response to tariff, cost or capacity pressure. Rockit also acquired Motors Coils Mfg. Ltd., a rail traction motor service provider, in 2025, adding aftermarket capability in North America.
“Our purpose is simple: to be the catalyst of new possibilities for companies that are shaping the future of electrification,” said Rob Briscoe, President and CEO.
MKB Partner Jesse Teichman noted the scale of the sector: “Rockit Motors expertise in electric motor production, essential to systems that consume nearly half of global electricity, underscores the strategic importance of this partnership.”
Source: Rockit Motors
