Tech Company Financing Transactions
XL Hybrids Funding Round
XL Hybrids closed a $4 million Series B funding round on 3/13/2013. Investors included private investors.
Transaction Overview
Company Name
Announced On
3/13/2013
Transaction Type
Venture Equity
Amount
$4,000,000
Round
Series B
Investors
Proceeds Purpose
After developing its hybrid powertrain technology and validating it in the field with multiple Fortune 500 companies, XL Hybrids will use this funding to ramp up the delivery of its hybrid electric powertrain to existing and new customers.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
145 Newton St.
Boston, MA 02135
USA
Boston, MA 02135
USA
Phone
Website
Email Address
Overview
XL Hybrids provides hybrid vehicle solutions for commercial fleet owners. XL Hybrids delivers value to our customers by improving fleet fuel economy, reducing maintenance costs and significantly lowering emissions.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Financial Officer
Neal Isaacson
Chief Technical Officer
Edward Lovelace
Co-Founder
Clay Siegert
President
Tod Hynes
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