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
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
XL Hybrids LinkedIn Company Profile
Social Media
XL Hybrids Company Twitter Account
Company News
XL Hybrids News
Facebook
XL Hybrids on Facebook
YouTube
XL Hybrids on YouTube

Management Team

Title
Name
Email & Social
Chief Financial Officer
Neal Isaacson
  Neal Isaacson LinkedIn Profile  Neal Isaacson Twitter Account  Neal Isaacson News  Neal Isaacson on Facebook
Chief Technical Officer
Edward Lovelace
  Edward Lovelace LinkedIn Profile  Edward Lovelace Twitter Account  Edward Lovelace News  Edward Lovelace on Facebook
Co-Founder
Clay Siegert
  Clay Siegert LinkedIn Profile  Clay Siegert Twitter Account  Clay Siegert News  Clay Siegert on Facebook
President
Tod Hynes
  Tod Hynes LinkedIn Profile  Tod Hynes Twitter Account  Tod Hynes News  Tod Hynes on Facebook


 

 

Browse more venture capital transactions:

Prev: 3/13/2013: NanoLight venture capital transaction
Next: 3/13/2013: CloudHealth 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

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary