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Hercules EV opens $20M Series A round; targeting electric pickup in late 2022; Prieto solid-state batteries
Hercules Electric Vehicles a Detroit-based startup is opening a $20-million Series A investment round managed by CMD Global Partners, a boutique investment bank. Hercules is developing an all-electric sport pickup truck, the Hercules Alpha, which will be available in late 2022. Hercules expects to demonstrate its first drivable architectural mule in April 2021.
James Breyer founded Hercules Electric Vehicles in 2018 with a vision to bring luxury eco-utility products to market, beginning with an electric pickup truck and followed by other electric mobility products. Hercules vehicles will offer integrated solar charging, long-range batteries and optional fuel-cell range-extender options.
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Hercules Electric Vehicles Opens Series A Funding For Alpha Truck
Apr 03, 2021 at 1:49pm ET ++ The plan is to raise $20 million for Hercules Alpha electric pickup truck development.
Hercules Electric Vehicles announced recently that it is opening a $20 million Series A investment round - managed by CMD Global Partners, a boutique investment bank - to support product development and add team members.
The company, founded in December 2018 in Detroit, says that is working on a
In November,
Bloomberg reported that the company might partner with Nissan (probably use the Nissan Titan not only in the visualizations but also as a vehicle base).
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