Xos Trucks, Inc., a Los Angeles, CA-based manufacturer of fully electric commercial vehicles, raised $20m in funding.
Backers included Proeza Ventures, a mobility-focused VC firm backed by Metalsa’s holding company, and Build Capital Group. In conjunction with the funding, Rodolfo Elias Dieck of Proeza Ventures, and Mark Lampert of Build Capital Group and former Daimler executive, joined Xos’ board.
The company intends to use the funds to grow operations and further scale production of the X-Platform currently used by customers Loomis and UPS, among others.
Led by Dakota Semler, co-founder and CEO, and Giordano Sordoni, co-founder and COO, Xos Trucks builds electric trucks and develops technologies and mobility solutions. Its first product was a fully-electric semi called the ET-One.
Xos vehicles have been in use for delivery on UPS customer routes in the Los Angeles area for the past eight months.
FinSMEs
18/08/2020