XL Hybrids
Latest round
- Series D
Last raised
- Oct 2017
Total raised
- $22M
Investors
- 2
About XL Hybrids
XL Hybrids, Inc.Founded in 2009, XL Hybrids, Inc. is based in Boston, US, and specializes in hybrid vehicle technology.XL Hybrids specializes in providing hybrid vehicle systems designed to enhance fuel efficiency and reduce emissions for commercial fleets. Their core product offerings include advanced hybrid electric vehicle (HEV) systems that integrate seamlessly with existing internal combustion engine vehicles. These systems are engineered to optimize fuel usage, decrease operational costs, and support environmental sustainability initiatives within industries such as transportation, logistics, and delivery services. Customers primarily consist of fleet operators in North America, including municipalities and private companies seeking to lower their carbon footprint while maintaining operational efficiency.The revenue structure for XL Hybrids is built around direct sales of their hybrid conversion systems to fleet operators, along with potential maintenance and support services. Transactions typically occur through a B2B model, where businesses purchase complete hybrid systems or partnership agreements for ongoing support and upgrades. Pricing plans are tailored to the specific needs of each client, depending on the scale of their fleet and the level of integration required for their existing vehicles. Flagship products include their proprietary hybrid systems, which are designed to provide measurable improvements in fuel economy and emissions reductions for clients engaged in daily commercial operations. The company aims to enhance its product line and increase its market presence by leveraging these resources.
Who invested in XL Hybrids
2 investors across 1 round
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Funding rounds
Series D
Oct 12, 2017
Amount
$22M
Investors
Questions about XL Hybrids
Who invested in XL Hybrids?
XL Hybrids has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has XL Hybrids raised?
XL Hybrids has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did XL Hybrids last raise money?
XL Hybrids's most recent round on record is a Series D, in Oct 2017.
What does XL Hybrids do?
XL Hybrids is a automobiles, other vehicles & parts company.
Where is XL Hybrids headquartered?
XL Hybrids is headquartered in Boston, US.
Which VCs invest in companies like XL Hybrids?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back automobiles, other vehicles & parts companies at XL Hybrids's stage. Their profiles are linked below.
VCs backing automobiles, other vehicles & parts startups at Series D
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