- Xos Trucks, Inc., a Los Angeles, CA-based manufacturer of fully electric commercial vehicles, raised $20m in funding
- Backers included Proeza Ventures, a mobility-focused VC firm backed by Metalsa’s holding company, and also Build Capital Group
- In conjunction with the funding, Rodolfo Elias Dieck of Proeza Ventures, and Mark Lampert of Build Capital Group and former Daimler executive, joined Xos’ board
- The company intends to use the funds to grow operations and further scale production of the X-Platform currently used by customers Loomis and UPS, among others
- Xos Trucks builds electric trucks and develops technologies and mobility solutions
- Xos vehicles have been in use for delivery on UPS customer routes in the Los Angeles area for the past eight months
