XL Hybrids designs, manufactures and installs hybrid electric powertrains for commercial vans and trucks. The company's patent-pending hybrid electric powertrain can be installed on existing vehicles or as an upfit on new ones. By storing energy wasted in braking and reapplying it during acceleration, XL Hybrids technology decreases fuel use and carbon dioxide emissions by up to 21.2 percent on urban routes, while operating with the same durability and reliability as traditional vans and trucks.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 03/13/13 | $4,000,000 | Series B | ||
| 03/13/13 | $4,000,000 | Series B | ||
| 10/12/17 | $22,000,000 | Series D |
Constellation Technology Ventures IKEA Group | undisclosed |
