This company is unique because they’re not building vehicles from the ground up. Instead, they offer aftermarket upfits that can be installed on new or existing vehicles. Those upfits then turn vehicles into hybrid electric and plug-in hybrid electric vehicles. What’s even better is that XL Hybrids works in concert with many major OEMs like Ford, General Motors and Isuzu.
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.