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Published 1 month ago

Xos, Inc. Accelerates Growth with Strategic Acquisition of ElectraMeccanica

Summary by Ground News

Xos, Inc. has closed its acquisition of ElectraMeccanica Vehicles Corp. The all-stock transaction is expected to add approximately $48 million to Xos' balance sheet. Xos delivered a company record 110 units to fleet customers in the fourth quarter of 2023. The company's customers in 2023 included FedEx Ground, UPS, Loomis, Canada Post, UniFirst, and Penske.

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Xos, Inc. Accelerates Growth with Strategic Acquisition of ElectraMeccanica

Xos (NASDAQ: XOS) today announced that it has closed its strategic acquisition of ElectraMeccanica Vehicles Corp (NASDAQ: SOLO)....

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