BC Ferries

BC Ferries

About BC Ferries

Simplify's Rating
Why BC Ferries is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Rating Differentiation

Industries

Automotive & Transportation

Company Size

1,001-5,000

Company Stage

Debt Financing

Total Funding

$421.7M

Headquarters

Victoria, Canada

Founded

1960

Overview

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for sustainable transport boosts BC Ferries' electrification efforts.
  • AI for predictive maintenance could reduce downtime and maintenance costs for BC Ferries.
  • Remote work trends increase demand for reliable onboard Wi-Fi, aligning with Starlink partnership.

What critics are saying

  • Rising fuel costs impact routes not yet transitioned to electric or hybrid vessels.
  • Delays in fleet electrification could lead to missed environmental targets and penalties.
  • Criticism over vessel bidding process not supporting local shipbuilding may cause PR issues.

What makes BC Ferries unique

  • BC Ferries is pioneering electric ferry technology with a $75M loan for zero-emission ships.
  • Partnership with SpaceX's Starlink aims to enhance onboard digital connectivity.
  • BC Ferries is leveraging digital twin technology to optimize vessel operations and maintenance.

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Funding

Total Funding

$421.7M

Above

Industry Average

Funded Over

2 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Company News

We For She
Jan 9th, 2025
Charting the Course: Connecting the Greater Vancouver Region

At a recent Greater Vancouver Board of Trade event, BC Ferries CEO Nicolas Jimenez shared insights into the current state of the system, its challenges, and plans for the future.

AIANEA
Dec 25th, 2024
Ferries cancelled, and thousands without power on wet and wild Christmas Day

BC Ferries rolled out a series of travel advisories Wednesday afternoon, saying all sailings between Tsawwassen ferry terminal in Vancouver and Swartz Bay in Victoria have been cancelled.

iPhone in Canada
Dec 11th, 2024
Starlink Mini Launches in Canada with Special Pricing

BC Ferries is partnering with SpaceX's Starlink to provide Wi-Fi access, but it's not going to be for everyone.

Drive Tesla Canada
Dec 7th, 2024
BC Ferries tests Starlink for crew, but passengers will have to wait

BC Ferries first introduced Wi-Fi on its major routes 2010.

CTV News
Nov 20th, 2024
BC Ferries resumes service after bomb cyclone forces cancellations

Most service resumed on BC Ferries late Wednesday morning following a bomb cyclone that caused mass cancellations.

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