XL Hybrids Garners $3,000,000 New Funding

  • Feed Type
  • Date
    12/12/2013
  • Company Name
    XL Hybrids
  • Mailing Address
    145 Newton Street Boston, MA 02135
  • Company Description
    Headquartered in Massachusetts, XL Hybrids provides hybrid vehicle solutions for commercial fleet owners. XL Hybrids delivers value to our customers by improving fleet fuel economy, reducing maintenance costs and significantly lowering emissions.
  • Website
    http://www.xlhybrids.com
  • Transaction Type
    Debt
  • Transaction Amount
    $3,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The debt funding will allow XL Hybrids to increase production and sales of its hybrid systems to thousands of units next year, president Tod Hynes said in a news release.
  • M&A Terms
  • Venture Investor
    WindSail Capital Group