EcoFleet, a promising startup focused on developing affordable electric trucks for small businesses and independent contractors, has announced that it has secured $50 million in Series A funding. The funding round was led by GreenTech Ventures, a leading venture capital firm specializing in clean technology investments.
EcoFleet aims to address the growing demand for electric trucks in the commercial sector by offering a range of affordable and reliable vehicles that meet the needs of small businesses and independent contractors. The company’s electric trucks are designed for urban deliveries, construction work, and other commercial applications.
“We believe that electric trucks should be accessible to everyone, not just large corporations,” said EcoFleet’s CEO, David Lee. “Our goal is to provide affordable and reliable electric trucks that enable small businesses and independent contractors to reduce their carbon footprint and save money on fuel and maintenance costs.”
EcoFleet’s electric trucks are powered by advanced battery technology and feature a modular design that allows for easy customization. The company also offers a comprehensive service and maintenance package to ensure that its customers’ electric trucks remain in top condition.
The $50 million in funding will be used to expand EcoFleet’s engineering and manufacturing capabilities, accelerate the development of new electric truck models, and expand its sales and marketing efforts. The company plans to launch its first electric truck model in the second half of this year.
EcoFleet’s mission to develop affordable electric trucks aligns with the growing global trend towards sustainable transportation. By making electric trucks more accessible to small businesses and independent contractors, EcoFleet is contributing to a cleaner, more efficient, and more sustainable future for the commercial transportation sector.