Readers could have seen your ad here when reading this story. Email retailenergyx@gmail.com
       Events        Jobs        Contact        Migration Stats        Supplier Lists        Municipal Aggregation


Constellation Technology Ventures Among Investors In Commercial Truck Electrification Company

November 15,2017



XL Hybrids, Inc., which provides connected fleet electrification solutions for commercial and municipal fleets, recently announced it has raised an oversubscribed Series D round of $22 million. Constellation Technology Ventures (CTV), the venture capital arm of Exelon Corporation, and IKEA Group participated in the round along with new and existing large family office investors.

The series brings XL Hybrids’ total funding to over $50 million to date for the development, sale and distribution of fleet vehicle electrification solutions to major customers across North America.

The latest funding will allow XL Hybrids to accelerate growth by expanding its team and facilities, growing its product portfolio of hybrid electric and plug-in vehicle solutions, and investing in additional proprietary technical solutions.

XL Hybrids also recently marked several milestones, including:

• The first hybrid electric upfit for commercial Ford F-250 pickups, and the new XLP plug-In hybrid electric upfit for Ford F-150 pickups;

• A first-ever California Air Resources Board Executive Order for electrifying Ford Transit vans;

• Recent fleet customer wins, including The State of Massachusetts, The City of Long Beach, San Diego Gas & Electric, DTE Energy, and Harvard University; and

• The first-ever Ford Electrification Qualified Vehicle Modifier (eQVM).

XL Hybrids offers its XL3 Hybrid Electric Drive System and the XLP Plug-In Hybrid Electric Drive System to Class 2 to 6 commercial fleet customers



Tags:
Constellation   Innovation   EVs   Constellation Technology Ventures  

Comment on this story


ADVERTISEMENT
NEW Jobs on RetailEnergyJobs.com
Executive Director -- Retail Supplier
Director/Manager Channel Sales -- Retail Supplier -- Houston
Director of Billing Operations
Analyst, Supply/Settlements -- Retail Supplier -- Houston
Manager of Supply -- Retail Provider -- Dallas


More Stories on RetailEnergyX.com:
Constellation Technology Ventures Among Investors In Commercial Truck Electrification Company
Think Energy To Offer Residential Customers Advanced Machine Learning Insights Via Smart Thermostats
Release: Schneider Electric brings bold ideas to life with launch of integrated marketing campaign
Dynamic Energy Networks Forms Strategic Alliance With Schneider Electric and The Carlyle Group
TXU Energy Enables Customers to Adjust Smart Thermostat or Pay Bill With Two New Amazon Alexa Skills


comments powered by Disqus





Advertise here:
Email retailenergyx@gmail.com


Events Jobs Contact Migration Stats Supplier Lists Municipal Aggregation

About Disclaimer Privacy Terms of Service

Home


Developed by: Avidweb Technologies inc.