Posts Tagged: Xos Trucks

Electric truck maker Xos goes public in SPAC deal

Xos, a manufacturer of electric Class 5 to Class 8 commercial vehicles, has announced an agreement to go public through a merger with NextGen Acquisition (Nasdaq: NGAC). The combined company will trade on Nasdaq with the new ticker symbol XOS. The transaction values the combined company at a $2-billion pro forma equity value, and is… Read more »

Electric truck startup Xos raises $20 million in new funding

Commercial EV startup Xos Trucks, formerly known as Thor Trucks, has raised $20 million in new funding from a group of investors including Proeza Ventures and BUILD Capital Group. Xos will use the capital to scale up production of its X-Platform chassis. The company anticipates a surge in demand following CARB’s new zero-emissions mandate for… Read more »