Xos Truck

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 …

Xos Is Latest Electric Truck Maker to Debut as Public Company Read More »

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 …

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

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 …

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

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 …

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