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Provider of fleet electrification solutions for commercial and municipal fleets

Founded in 2009
Founded in

Company type Private Public ()
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Industry Group transportation & logistics

Sector on-road vehicles

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Boston, MA Boston, United States
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Updated by Tod Hynes at XL Hybrids on 07/10/2015

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Date Company
04/20/2015

Montgomery County Maryland Montgomery County Maryland

“By converting 10 Ford cargo vans we are already seeing over 25 percent increase in miles driven per gallon thanks to the XL Hybrids system, and we are expecting annual operating costs savings of tens of thousands of dollars overall,” said William Griffiths, division chief of Montgomery County. “We have 149 vans in our fleet and expect to convert at least 10 additional vans...this year"

Confirmed by Montgomery County Maryland

Partnerships
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Date Partner Type
02/12/2015
Lancer Automotive Group Lancer Automotive Group
Lancer Automotive Group, a Salt Lake City-based provider of alternative fuel conversions, has announced a non-exclusive installation partnership and distribution agreement with XL Hybrids, a developer of hybrid-electric powertrain technology.
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Confirmed by Lancer Automotive Group
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Date Investors Type Amount
01/01/2019 Climate Investment Climate Investment (1)
Post-money valuation of
The date and amount of the investment was unspecified
Growth Equity
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XL3 Hybrid Powertrain

The XL3 powertrain is an electric drive system that can be installed in new and existing commercial fleet vehicles to make them cost effective hybrids and reduce fuel use and CO2 emissions by ~20%. The XL3 system includes an advanced 40 kW Li-Ion battery, electric motor, and inverter as well as advanced software and a cloud based analytics system.

Wide Commercial Availability Products - Retail
$/kW (current)
$/kW (projected)
$/kWh (current)
$/kWh (projected)
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