Hypercraft, among the industry's first and leading providers of complete electric drive systems for vehicle manufacturers, announced today the successful raise of $6.5 million in seed funding at a post-money valuation of $51.5 million. The round was led by RevRoad Capital, with participation from individual investors and early customer angels.

Hypercraft, builds and sells complete electric drive systems to a variety of B2C and B2B buyers, including customers in the on-road, off-road recreation, racing, resto-mod, fleet and marine industries. Their systems - built with all-new parts - include motors, battery management (BMS), high voltage junction box, high and low voltage wiring, CAN bus connectivity, software, display and throttle. Batteries are also included in the package price, and Hypercraft designs and builds their HyperPack™ batteries in capacities ranging from 20kWh to 120 kWh.