What it sells
Trucks (building trucks for FedEx).
Business model breakdown
Buyer: who owns the budget?
UnverifiedFleet managers and procurement/sustainability leads at delivery and logistics fleets, or dealers.
Trigger: what makes them buy now?
Fleet electrification with low total cost of ownership; up to $160K in federal and state incentives and a zero-upfront-capital lease-to-own program.
Workflow: what inputs become what output?
Fleets book a test drive, buy or lease an electric step van or cab chassis, upfitted with medium-duty bodies; batteries bought in 35 kWh increments so fleets only pay for the energy they need.
Economics: what it saves and how it charges
Vehicle and chassis sales and leasing; claims 450,000-mile powertrain service life, lower total cost of ownership; FedEx order over $300M for 2,000 trucks (about $150K each).
Distribution: how it reaches customers
Direct to fleets plus dealer network (Find a Dealer, Manage Dealers), Sourcewell cooperative purchasing contract, CA HVIP and lease financing.
Funding history and coverage
| Round date | Stage | Amount | Investors | Source |
|---|---|---|---|---|
| 2025-11-13 | — | $160M | — | news.google.com |
Profiles summarize public reporting and company websites. Business-model notes are MaxBC's reading of that material, not confirmed facts; unknowns are left blank rather than guessed. Updated 2026-10-12.