Evolectric develops electrified transportation and battery technologies to convert polluting commercial fleets to electric vehicles. The company operates a distributed network of installers and service centers and is targeting 10,000 vehicle conversions a year by onboarding 100 garages, each converting 100 vehicles. Led by co-CEOs Jakson Alvarez and Bill Beverley, Evolectric plans to scale operations to meet a pipeline of customer orders. The company aims to use a forthcoming USD15M investment to accelerate delivery of that pipeline. A previous release inaccurately stated the investment had already been received; Seismic Capital announced its intent to make the investment. Evolectric is based in Long Beach, California.

Total raised

$15M

Funding rounds

1

Latest round

Equity

Latest activity

Sep 2023