Xos Trucks

Xos partners with DLL on electric truck financing

In an effort to overcome the cost barriers to buying electric vehicles, electric truck maker Xos Trucks Inc. on Tuesday announced a partnership with DLL to help finance the leasing of its all-electric commercial vehicles.

DLL is a global asset finance company and subsidiary of Rabobank Group.

The Xos X-Lease program will offer two types of full-service leases of the company’s electric vehicles and charging equipment to fleets, helping them reduce energy, field and maintenance costs, a...

https://s29755.pcdn.co/news/xos-partners-with-dll-onn-electric-truck-financing

Electric truck startup gets purchase order from Dickinson Fleet Services

Electric vehicle startup Xos Trucks has inked a deal with Dickinson Fleet Services involving the purchase of five medium-duty, zero-emission, fully electric service trucks.

Under the order, the electric truck company will build and deliver five medium-duty vehicles that DFS, headquartered in Indianapolis, will dedicate to servicing electric vehicle fleets as well as traditional diesel fleets.

“We are very excited to be working with Xos on electrifying our fleet of service vehicles,” said Ted...

https://s29755.pcdn.co/news/electric-truck-startup-gets-purchase-order-from-dickinson-fleet-services

Xos gets first Class 8 electric truck deal from Hino

Startup Xos trucks originally pitched itself as a custom electric chassis maker for Class 8 trucks. After pivoting to medium-duty trucks, the company is back on mission with a contract from Japan’s Hino Trucks.

Xos, formerly Thor Trucks, will supply its X-Pack, a modular battery pack system, to the Toyota Motor Corp. (NYSE: TM) subsidiary. The X-Pack is built from the cell-level up to operate as an intelligent standalone unit. 

After giving up its original name, Xos proceeded with deals to make...

https://www.freightwaves.com/news/xos-gets-first-class-8-electric-truck-deal-from-hino

Startup Motiv gets $15M to scale electric truck component production

Motiv Power Systems can tap up to $15 million in cash from its largest shareholder as it catches up on pandemic-delayed orders for medium-duty electric truck software and power electronics.

GMAG Holdings Corp. is swapping cash for convertible notes that will grow its stake in the Foster City, California-based startup.

“Technically, it’s a loan. But it does convert into equity in the Series C round we just kicked off and plan to close by year-end,” Motiv CEO Matt O’Leary told FreightWaves.

Cash-for-...

https://s29755.pcdn.co/news/startup-motiv-gets-15m-to-scale-electric-truck-component-production

Xos Trucks raises $20 million for electric chassis

Electric mobility startupXos Trucks Inc. raised $20 million to keep up with orders for its modular chassis. The money is helping meet demand for underpinning medium-duty regional and last-mile delivery trucks with its X-Platform.

Investors included Proeza Ventures, a Mexican mobility-focused venture capital firm backed by the holding company of auto supplier Metalsa. BUILD Capital Group also participated. 

FreightWaves reported the capital raise in June. But Xos only revealed the amount Tuesday....

https://s29755.pcdn.co/news/xos-trucks-raises-20-million-for-electric-chassis

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