Evolectric
Evolectric is a provider of electric vehicle conversion kits and fleet electrification solutions, offering services for upgrading existing commercial vehicle fleets with electric vehicle technology. The company integrates smart technology, telematics software, and real-time diagnostics into converted vehicles, enabling fleet operators to transition from internal combustion engines to electric power without…
Funding snapshot
About
Evolectric is a provider of electric vehicle conversion kits and fleet electrification solutions, offering services for upgrading existing commercial vehicle fleets with electric vehicle technology. The company integrates smart technology, telematics software, and real-time diagnostics into converted vehicles, enabling fleet operators to transition from internal combustion engines to electric power without purchasing entirely new vehicles. Evolectric's approach encompasses the full electrification lifecycle, including vehicle conversion engineering, charging strategy development, and identification of financing and insurance solutions to make fleet electrification accessible and economically viable. By retrofitting existing vehicles rather than replacing them, Evolectric addresses the cost barrier that prevents many fleet operators from adopting electric vehicles, while extending the useful life of existing vehicle assets and reducing waste. The company's telematics and diagnostics capabilities provide fleet managers with real-time visibility into vehicle health, battery status, and operational performance, ensuring that converted vehicles maintain reliability and efficiency comparable to factory-built electric vehicles. Founded in 2019 and headquartered in Long Beach, United States, the company has raised $15.0M in Series B funding from investors including Seismic and Los Angeles Cleantech Incubator.
Business model
Electric Vehicles > Conversion Kits > Commercial Vehicles,
Energy Storage Tech > Charging > Devices > Plug In > Electric Vehicle > Multi-category
Institutional investors
Latest coverage
No articles yet.
Similar startups
GreenGrid
GreenGrid gives energy retailers and project developers a unified view of battery assets, grid tariffs, and dispatch schedules.
GridCARE
GridCARE provides an AI-native platform that accelerates power delivery to large-scale AI data centers by unlocking latent capacity in existing electrical grid infrastructure.
Odys Aviation
Designer and manufacturer of a VTOL aircraft
Dreamfly Innovations
Dreamfly Innovations designs and manufactures lithium-ion and graphene batteries specifically for electric aviation and drone applications.