Tech Company Financing Transactions
XL Hybrids Funding Round
XL Hybrids closed a $22 million Series D funding round on 10/13/2017. Investors included Constellation Technology Ventures and IKEA Group.
Transaction Overview
Company Name
Announced On
10/13/2017
Transaction Type
Venture Equity
Amount
$22,000,000
Round
Series D
Investors
Constellation Technology Ventures (Scott Dupcak)
IKEA Group (Krister Mattsson)
Proceeds Purpose
The latest funding will allow the company to accelerate growth by expanding its team and facilities, growing its product portfolio of hybrid electric and plug-in vehicle solutions, and investing in additional proprietary technical solutions.
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
Browse more venture capital transactions:
Prev: 10/13/2017: Flont venture capital transaction
Next: 10/13/2017: VY Esports venture capital transaction
Share this article
About Our VC Transactions Data
We do our best to document every notable VC transaction. VC transactions on this site are sourced from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs