Motiv Power Systems secures $60M to scale EPIC all-electric chassis, establish Detroit operations
Green Car Congress
OCTOBER 15, 2019
Motiv Power Systems, a provider of all-electric medium-duty chassis for buses and trucks, has secured $60 million in equity funding. The Series B round of investment was led by investors GMAG Holdings Corp. and Winnebago. These funds will support the overall growth of Motiv, including opening a new engineering and manufacturing facility in Detroit, Michigan, as well as facilitate further growth in the large-fleet customer segment.