Westport Fuel Systems Secures $20 Million for HPDI 2.0 Program
Westport Fuel Systems and Export Development Canada (EDC) have signed a $20 million secured term loan agreement to support the commercial launch of the Westport High Pressure Direct Injection 2.0 program.
“Westport Fuel Systems has the proven technology, leadership, and innovative mindset to be a global champion in the cleantech sector and we are happy to help them scale their new Westport™ HPDI 2.0 product internationally,” said Mark Senn, Director of EDC’s Cleantech Team. “Canada has ambitious goals to combat global climate change and providing this financing to Westport Fuel Systems is one way EDC can contribute to those goals, while also supporting the growth of an innovative Canadian company.”
EDC is Canada’s export credit agency, providing financing, insurance, bonding, trade knowledge, and connections to support Canadian companies sell and invest abroad.