Xos Inc (XOS) is an American technology company that specializes in developing electric powertrain solutions for commercial vehicles, particularly those in the medium- and heavy-duty trucking industry. The company's products include battery-electric powertrains, battery management systems, and charging infrastructure solutions.
Xos was founded in 2015 and is headquartered in Los Angeles, California. The company went public through a merger with SPAC company NextGen Acquisition Corporation (NGAC) in 2021. It now trades on the NASDAQ exchange under the ticker symbol XOS.
Xos aims to help its customers reduce their carbon footprint and operating costs by providing them with efficient, reliable, and cost-effective electric powertrain solutions. The company's products are designed to be modular, scalable, and customizable, allowing them to be integrated into a wide range of vehicle platforms.
Xos has partnerships with several major commercial vehicle manufacturers, including Freightliner, Daimler Trucks North America, and Collins Bus. The company has also received funding from several notable investors, including Prologis Ventures, the venture capital arm of Prologis, and Exelon Corporation, the largest utility provider in the United States by customer count.
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