M&A Deal Summary |
|
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Date | 2024-03-26 |
Target | Electrameccanica |
Sector | Automotive |
Buyer(s) | Xos |
Deal Type | Add-on Acquisition |
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Category | Company |
---|---|
Founded | 2020 |
Sector | Automotive |
Employees | 161 |
Revenue | 45M USD (2023) |
Xos is a technology company, electric truck manufacturer, and fleet services provider for battery-electric fleets. Its vehicles and fleet management software are purpose-built for medium- and heavy-duty commercial vehicles that travel on last-mile, back-to-base routes. The company leverages its proprietary technologies to provide commercial fleets with battery-electric vehicles that are easier to maintain and more cost-efficient on a total cost of ownership (TCO) basis than their internal combustion engine counterparts. Xos was formed in 2020 and is based in Los Angeles, California.
DEAL STATS | # |
---|---|
Overall | 1 of 1 |
Sector (Automotive) | 1 of 1 |
Type (Add-on Acquisition) | 1 of 1 |
State (British Columbia) | 1 of 1 |
Country (Canada) | 1 of 1 |
Year (2024) | 1 of 1 |