Business EV expertise firm HummingbirdEV, based in 2015, has secured $6 million in preliminary Collection A funding to scale up its operations and speed up product improvement. It’s searching for extra traders within the spherical, which is focused to shut within the first quarter of 2024.

The corporate, which generates income within the US and China, has additionally acquired funding from the California Air Sources Board. It has developed full autos, in addition to electrical drivetrain techniques, management software program, bidirectional charging techniques, modular batteries and battery administration techniques which were deployed in additional than 500 industrial autos—together with vans, buses, tractors and mining autos. 

“This new funding spherical will present the gas to show our concepts into options for electrifying industrial autos globally,” stated Rakesh Koneru, CEO and co-founder of HummingbirdEV.

Supply: HummingbirdEV