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More than $41 million flowed from government departments and Quebec’s public pension fund manager to Téo Taxi and its parent companies between 2016 and 2018.

That money includes grants, loans and investments.

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At a press conference on Tuesday, Dominic Becotte, Téo’s acting president said the company received $7.25 million in subsidies — including a $5 million grant from Transport Quebec as part of program to modernize the taxi industry.

But grants aren’t the only way taxpayers funded Téo, Montreal’s electric taxi company.

Investissement Québec, a government-owned investor, put $15 million into XPND Croissance, the investment fund that owns a majority stake in Téo’s parent company, Taxelco. XPND Croissance also owns stakes in electric bus maker Lion Bus, software firm Direxyon and Mishmash, an entertainment and media company.

“Our support of the XPND Croissance fund lets us contribute indirectly to the Téo project,” Pierre Gabriel Côté, the president and CEO of Investissement Québec, said in a press release issued in 2015, when the fund made a $10-million investment in XPND Croissance. It put another $5 million in the following year.