Atlis Motor Vehicles

Will stationary power generators save Hyliion?

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It’s too soon to know whether Hyliion Holdings will be able to make a commercial success of its...

https://www.freightwaves.com/news/will-stationary-power-generators-save-hyliion

Nikola whistleblower enriched by short seller may get more $$$

Paul Lackey worked as a contractor for Nikola in the early days of the electric truck company. On the witness stand in Trevor Milton’s fraud trial this week, he spoke of a founder more interested in making money than cleaning up the environment. 

But Lackey wasn’t exactly a dream witness for the prosecution. He collected about $600,000 in stock sale proceeds after aligning himself with short sellers that nearly crushed the startup.

As the prosecution’s first witness on Tuesday in a trial expected...

https://www.freightwaves.com/news/nikola-whistleblower-enriched-by-short-seller-may-get-more

Electric work truck company took creative path to fundraising

This fireside chat recap is from FreightWaves’ Supply Chain Meets FinTech event on Wednesday.

FIRESIDE CHAT TOPIC: Creative fundraising in the capital markets.

DETAILS: Mark Hanchett took an unusual path to fundraising for his electric work truck and battery startup. He sold shares directly to individuals in small amounts through little-known, regulated crowdfunding designed for small startups. Now on the cusp of going public, Atlis Motor Vehicles sees many of its 20,000 small investors becoming...

https://www.freightwaves.com/news/how-electric-work-truck-company-took-creative-path-to-fundraising

Truck Tech: Summer jobs edition

Truck Tech logo on blue background

Layoffs get the headlines but a surprising number of electrification startups are adding employees even as they try to raise more money. Volvo is using two dealerships and a five new charging points to create a corridor in California. And the Diesel Technology Forum graphically shows once again that fossil fuels are still king in commercial transportation.

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Electrification startups are hiring

Record-hig...

https://www.freightwaves.com/news/transportation-startups-still-hiring-even-as-layoffs-get-the-attention

Electric work truck startup Atlis attracts $32.6M from nearly 29,000 investors

A three-quarters view of the flat-floor electric chassis that makes up the Atlis XP platform sitting in desert scrub

Atlis Motor Vehicles is trying to disrupt the electric work truck market by developing its own chassis and the batteries and motors to drive it. 

And it is taking a disruptive path to becoming a public company.

About 29,000 investors have purchased $32.6 million in private shares of the Mesa, Arizona-based company. Atlis holds the ticker symbol AMV on the Nasdaq Global Market. And that’s where the shares will trade when the listing is activated sometime in the next few months. 

The interior of the...

https://www.freightwaves.com/news/electric-work-truck-startup-taps-small-investors-for-32-6m