# Xos Trucks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/xos-trucks

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Los Angeles, US
- Website: www.xostrucks.com
- Total disclosed funding: $20M
- Latest round: Series A (Aug 18, 2020)
- Investors on record: 2

## About

Xos Trucks Inc. is a US-based manufacturer specializing in fully electric trucks, designed to meet the needs of commercial fleets while promoting sustainable transportation solutions.Xos Trucks Inc. focuses on manufacturing electric trucks tailored for commercial applications. Founded in 2016 in Los Angeles, US, by Dakota Semler and Giordano Sordoni, the company has completed 3 deals with its most recent PIPE funding round conducted on February 22, 2021, raising USD 220.00 mn from investors including Janus Henderson Investors, BUILD Capital Partners, and Proeza Ventures. CEO Dakota Semler continues to lead the company as it expands its operations.Xos develops 100% battery-electric trucks aimed at commercial fleet electrification. Core products include the Xos Hub, a mobile energy storage solution, and the Xosphere® Intelligent Fleet Management system, which improves operational efficiency for customers across diverse sectors, including logistics and municipal services.In its most recent fiscal year 2024, Xos generated revenue of USD 55.96 mn and reported an EBITDA of USD -40.73 mn, reflecting the company's ongoing investment in its electric vehicle offerings.Following the recent funding of USD 220.00 mn raised in February 2021, Xos plans to enhance its vehicle and battery manufacturing capacity, advance next-generation battery and vehicle control systems, and deploy thousands of electric trucks on the road. The company is also targeting expansion into new markets, focusing on regions with increasing electric vehicle infrastructure adoption.

## Funding rounds

- Series A, Aug 18, 2020, $20M — Proeza Ventures, BUILD Capital Partners

## Investors

- Proeza Ventures (https://capitalatlas.ai/funds/proeza-ventures) — Series A
- BUILD Capital Partners (https://capitalatlas.ai/funds/build-capital-partners) — Series A