Merchants ordered 58 battery-electric vans from Xos, which are being delivered to three locations for Merchants Fleet during the second quarter of 2022.
With at least two dozen manufacturers ready to serve the commercial vehicle market with electric trucks and chassis, fleets will soon be making tough decisions they never had to with ICE vehicles.
The strategic distribution agreement has a goal of 1,000 orders for fully electric trucks over the next three years.
Investors include Proeza Ventures, a mobility-focused VC firm backed by Tier 1 supplier Metalsa’s holding company, and BUILD Capital Group. Rob Ferber, employee number one and former science director at Tesla, hired as CTO.
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