The cash influx will be used to fuel technical operations and scale up production of X-Platform. “As orders continue to come in on a monthly basis, we are excited to meet the overwhelming demand for both our medium-duty and heavy-duty trucks,” said Xos Trucks cofounder and COO Giordano Sordoni. “This investment is critical to our team’s growth so we can scale to meet that demand.
Xos joins several legacy automotive manufacturing brands are also developing electric medium-duty trucks, including Daimler, Volvo Trucks, and Freightliner.
Xos, formerly Thor Trucks, displays its ET-One all electric semi-truck during the California Air … [+] Resources Board (CARB) 50th Anniversary Technology Symposium and Showcase.
The North Hollywood, Calif. -based startup has recently partnered with automotive supplier Metalsa, and announced a $20 million funding round backed by a group of investors that includes Proeza Ventures, a mobility-focused VC firm backed by the supplier’s holding company.