Six U of T-founded firms named among TIME magazine’s Top GreenTech Companies

Li-Cycle, co-founded by U of T alum Ajay Kochhar is ranked in the top 100 GreenTech companies of 2025. 

Six companies founded or co-founded by University of Toronto luminaries have been named among the World’s Top GreenTech Companies of 2025 by TIME magazine.

The ranking, compiled by Time in partnership with data firm Statista, is based on analysis of the impact, financial strength and innovation of more than 8,000 companies that are helping reverse the impact of human activities on the planet. The 250 companies that placed in the ranking hail from more than 30 countries.

Four of the companies with U of T-affiliated founders placed in the top 100 — headed by AI self-driving trucking startup Waabi, which was ranked in the top 10.

The companies in the list that were founded or co-founded by members of the U of T community are:

• Waabi (9th) — founded by Raquel Urtasun, professor in the department of computer science in the Faculty of Arts & Science, co-founder of the Vector Institute for Artificial Intelligence
• Skeleton Technologies (30th) — co-founded by Anti Perkson (ChemE MASc 9T3), from the Faculty of Applied Science & Engineering
• Boston Metal (65th) — co-founded by Donald Sadoway (EngSci 7T2, MIE MASc 7T3, MSE PhD 7T7, Hon LLD 1T3), from the Faculty of Applied Science & Engineering
• Li-Cycle (71st) — co-founded by Ajay Kochhar (ChemE 1T3), from the Faculty of Applied Science & Engineering
• eLeapPower (211th) — founded by Tony Han (EngSci 1T3, ECE MASc 1T6), from the Faculty of Applied Science & Engineering
• Novoloop (250th) — co-founded by Jeanny Yao, honours bachelor of science from U of T Scarborough

Read the TIME magazine article 

Originally published by Faculty of Applied Sciences & Engineering