XL Hybrids

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XL Hybrids, 9formerly known as Entergem Ventures LLC.), is the leader in fleet electrification solutions for commercial and municipal fleets, with technology that delivers a 25 percent increase in miles per gallon and reduces carbon dioxide emissions.

XL Hybrids develops and manufactures hybrid electric solutions for the commercial vehicle market. It offers vehicle platforms, such as XL3, a hybrid electric drive system that installs onto original equipment manufacturer powertrains; and XL Link cloud-based big data analytics system that measures key performance indicators, including MPG performance and reports carbon dioxide emissions reductions in clients’ hybrid-electric fleet vehicles.

XL Hybrids was founded in 2008 as Entergem Ventures LLC. The company changed it's name to XL Hybrids in 2009. They are based in Somerville, Massachusetts.

XL Hybrids's hybrid electric powertrains are used in cars, cargo vans, commercial vans, shuttles, box trucks, and delivery vans. It serves national, transportation, municipal, and utility fleets.

XL Hybrids is backed by Constellation Technology Ventures, IKEA.

 

 

  • Year founded: 2008
  • Funding Info: $45.7M in 6 funding rounds (LAst funding type:Series D)
  • Yearly Revenue: $5M-$10M (2018)
  • Employee Size: 51-200
  • Business Valuation: Unknown
  • City/Town: Boston
  • State: Massachusetts
  • Country: United States
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