Rockit Motors raises over $47 million to expand electric motor contract manufacturing

Rockit Motors has successfully secured over $47 million in a combination of equity and debt financing from investors including MKB Equity Partners, National Bank of Canada, and BDC Capital. The Montreal-based electric motor manufacturer, led by President and CEO Rob Briscoe who maintains majority ownership, plans to use the funds to enhance its production capabilities and expand its workforce. The company specialises in producing electric motors, generators, and key components such as stators and rotors for original equipment manufacturers (OEMs) and Tier 1 suppliers across various sectors including power generation, rail, e-mobility, and industrial markets. With manufacturing facilities spread across the US, Canada, and Mexico, Rockit Motors positions itself as a near-shoring alternative for companies seeking to relocate motor production from overseas due to tariff pressures, rising costs, or capacity constraints. The capital injection will support co-investments in tooling, machinery, and equipment alongside customers, as well as bolster hiring in sales, engineering, and programme management. This strategic move aims to strengthen Rockit’s competitive edge and responsiveness to evolving market demands within the electrification landscape. In 2025, Rockit Motors expanded its service offering by acquiring Motors Coils Mfg. Ltd., a rail traction motor service provider, thereby adding aftermarket capabilities in North America. This acquisition enhances the company’s footprint in the rail sector and complements its manufacturing operations. Rob Briscoe emphasised the company’s mission to drive innovation and support businesses shaping the future of electrification, highlighting Rockit’s role as a catalyst for new possibilities in the industry. Jesse Teichman, Partner at MKB Equity Partners, underscored the significance of the partnership by pointing to the vast scale of the electric motor sector, which underpins systems responsible for nearly half of global electricity consumption. The investment reflects confidence in Rockit Motors’ expertise and strategic positioning within a critical segment of the green economy. Looking ahead, the company is poised to capitalise on growing demand for electric motor solutions amid accelerating global efforts towards decarbonisation and sustainable industrial transformation.