EV

Xos Is Latest Electric Truck Maker to Debut as Public Company

Los Angeles-based Xos Inc., which is developing fully electric Classes 5-8 commercial vehicles for last-mile service, announced the completion of its business combination with NextGen Acquisition Corp. The combined company will have the name Xos Inc. and its shares began trading Aug. 20 on the Nasdaq Capital Market under the symbol XOS. NextGen’s shareholders approved …

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Plucky L.A. Startup Xos Plots A Multibillion-Dollar Future In Unsexy Electric Work Trucks

Xos Trucks, a Los Angeles-based electric truck startup that’s going public in a few weeks, is convinced that shifting delivery trucks, armored cars, forklifts and other heavy work vehicles to battery power isn’t a glamorous business—but it is one that will generate billions of dollars of future revenue and get some of the dirtiest exhaust …

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Xos announces new ‘Powered by Xos’ powertrain division to serve specialty vehicles

Electric mobility company Xos, Inc. has announced a new powertrain division called “Powered by Xos” to provide, design, and integrate its own technology for other Original Equipment Manufacturers (OEMs). Contrary to other Xos ventures, Powered by Xos will focus on off-highway vehicles, including commercial and industrial applications such as heavy-duty forklifts. Xos, Inc. is a Los …

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Xos, a Leading Commercial Electric Vehicle OEM, to Become Publicly Traded on Nasdaq Through Merger with NextGen Acquisition Corporation

Xos, a leading original equipment manufacturer (OEM) in the $100 billion medium- and heavy-duty last-mile commercial electric vehicle market, is merging with NextGen Acquisition Corp. (Nasdaq: NGAC). The combined company has an implied pro forma market capitalization of $2.0 billion. The transaction includes a $220 million oversubscribed and fully committed common stock PIPE anchored by …

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Electric Truck Startup Xos Raises $20 Million To Scale Production

A newly adopted landmark ruling requires more than half of all commercial trucks sold in California to be zero-emissions by 2035. Xos is one of the many startups building electric vehicles that could help companies meet that target. Xos, formerly Thor Trucks, has developed a skateboard chassis for fully-electric Class 6 trucks. Class 6 trucks …

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Xos Trucks Raises $20M to put more of its Electric Commercial Trucks on the Road

Commercial electric vehicle startup Xos Trucks has raised $20 million, funding it will use to ramp up production ahead of potential new demand fueled by a landmark emissions rule adopted by California that will require more than half of all trucks sold in the state to be zero-emissions by 2035. The startup, which was formerly …

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