Range Energy builds powered trailers that hook up to existing tow vehicles to accelerate electrification of commercial transportation. The company’s trailers can improve fuel economy by 36.3% in third-party on-road testing and can extend the range of electric semis, offering a near-term decarbonization pathway for fleets. Range is advancing customer pilot programs while moving toward full-scale production and is beginning development of a trailer data and telematics platform to deliver insights to customers. Recent milestones include debuting a 53' powered dry van, eligibility for California’s CORE voucher incentive, and launching a Dealer Advisory Council. Range was founded in 2021 and is led by a team with EV experience from Tesla, Zoox, Honda, and others; the company is based in Mountain View, Calif. Range Energy is a hardware company developing powered trailers for the heavy‑duty truck market that can hook up to today’s diesel tow vehicles and future electric tractors. Its powered trailers are designed to decrease greenhouse gas emissions by 40% and reduce fuel costs for fleet owners. The company completed software and hardware interface validation prototypes and has begun testing multiple prototype powered trailers. Range is advancing toward full‑scale development vehicles and testing alongside commercial partners to accelerate mass‑market adoption ahead of large‑scale electric semi deployments. Founded in 2021 and based in Mountain View, California, Range is led by CEO and founder Ali Javidan and a team with prior experience at Tesla, Zoox, and Honda. The company announced $8M in seed capital to support its development and scaling efforts.

Total raised

$32M

Funding rounds

2

Latest round

Equity

Latest activity

Feb 2024