Superlight Raises $21M Series A for Electric Truck Manufacturing
Superlight, a commercial electric vehicle manufacturer, closed an oversubscribed $21 million Series A co-led by Engine Ventures and 2150, bringing total funding to $33 million. Proceeds will fund UK manufacturing facility buildout, initial sales in the UK and EU, and vehicle testing for US market entry.
Superlight closed an oversubscribed $21 million Series A co-led by Engine Ventures and 2150, bringing the commercial electric vehicle manufacturer's total funding to $33 million. The company disclosed the round June 22 and said it will use proceeds to complete buildout of its UK manufacturing facility, fulfill initial sales in the UK and EU, and provide federalized vehicles for customer testing and US market entry.
Superlight designs purpose-built electric trucks for middle-mile logistics using aerospace design principles and a software-centric digital architecture. The company is based in Yateley, England, with operations in Seattle. The oversubscribed round signals investor appetite for commercial platforms targeting the middle-mile segment, distinct from last-mile delivery vans and long-haul Class 8 tractors that have attracted larger capital commitments from incumbents and startups alike.
Continue reading
3 more paragraphs for subscribers.
Free readers get a daily preview and the weekly long-form. Premium unlocks every brief in full, AM & PM editions, alerts, and the archive.