Deals

XL Hybrids Raises $22M in Funding
Date: 
Thursday, October 12, 2017
Location: 
Boston
Categories: 
Hardware & Robotics
Deal Type: 
Funding

XL Hybrids, Inc., the leader in connected fleet electrification solutions for commercial and municipal fleets, today announced it has raised an oversubscribed Series D round of $22 million. Constellation Technology Ventures (CTV), the venture capital arm of Exelon Corporation, and IKEA Group participated in the round along with new and existing large family office investors. The series brings XL Hybrids’ total funding to over $50 million to date for the development, sale and distribution of fleet vehicle electrification solutions to major customers across North America... READ MORE