Electric truck manufacturer Xos has completed its acquisition of ElectraMeccanica Vehicles Corp. and Xos leadership said the deal will provide growth capital for the company.
Xos and ElectraMeccanica Propose Combining
The proposed transaction represents a unique opportunity for Xos to meet the growing demand for zero-emission medium-duty electric trucks by providing Xos with access to ElectraMeccanica’s cash balance.