Tech Company Financing Transactions
Xos Trucks Funding Round
Xos Trucks secured a $20 million venture capital round on 8/19/2020. Investors included Build Ventures and Proeza Ventures.
Transaction Overview
Company Name
Announced On
8/19/2020
Transaction Type
Venture Equity
Amount
$20,000,000
Round
Undisclosed
Investors
Build Ventures (Mark Lampert)
Proeza Ventures (Rodolfo Dieck)
Proceeds Purpose
The company intends to use the funds to grow operations and further scale production of the X-Platform currently used by customers Loomis and UPS, among others.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
11347 Vanowen St.
North Hollywood, CA 91605
USA
North Hollywood, CA 91605
USA
Phone
Undisclosed
Website
Email Address
Overview
We are obsessed with low-cost fleet sustainability. Dedicated to making fleets more efficient, we build state-of-the-art electric trucks at a much lower operating cost. Developing cutting edge technologies and mobility solutions that exceed anything on the present market. Capable of transporting products with greater reliability and simplicity -- in the most environmentally conscious manner possible.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Dakota Semler
Chief Technical Officer
Robert Ferber
Co-Founder
Gio Sordoni
Vice President
Kevin Damoa
Browse more venture capital transactions:
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Where The Data Comes From
We report on tech company VC transactions. VC investment data records reported here are sourced from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
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