Commercial EV technology company HummingbirdEV, founded in 2015, has secured $6 million in initial Series A funding to scale up its operations and accelerate product development. It is seeking additional investors in the round, which is targeted to close in the first quarter of 2024.
The company, which generates revenue in the US and China, has also received funding from the California Air Resources Board. It has developed complete vehicles, as well as electric drivetrain systems, control software, bidirectional charging systems, modular batteries and battery management systems that have been deployed in more than 500 commercial vehicles—including trucks, buses, tractors and mining vehicles.
“This new funding round will provide the fuel to turn our ideas into solutions for electrifying commercial vehicles globally,” said Rakesh Koneru, CEO and co-founder of HummingbirdEV.
Source: HummingbirdEV
