The latest funding will allow the company to accelerate growth by expanding its team and facilities, growing its product portfolio of hybrid electric and plug-in vehicle solutions, and investing in additional proprietary technical solutions.
XL Hybrids has adapted its XL3 technology for Ford F-250 trucks based on demand from fleet customers who are seeking even better fuel efficiency from Ford’s popular three-quarter-ton work trucks. This will be the first time that Ford F-250 trucks can be ordered by fleet customers with hybrid-electric drive technology.
The State of Massachusetts placed this new order after seeing successful results from past vehicle conversions by XL Hybrids for the DCR and Environmental Police vehicles. Those vehicle upfits, which are on a mix of Ford Transit vans, Ford E-Series Cutaways and Chevy Express vans, have saved 650 gallons of gas to date and the agencies expect to save nearly 82,000 gallons over the life of the systems.
Leading universities, municipalities and national parks are among the latest fleet customers to deploy XL Hybrids’ fuel efficiency technology.
“With the OEM powertrain intact, fleet customers will maintain OEM warranty and service. Those are two of the benefits of XLP and the reason major fleets are placing order commitments to be among the first to get this PHEV pickup truck.”
The order is for Aftermarket Hybrid Electric Vehicle Conversions for Ford Transit Vans and Wagons
XL Hybrids’ XLP system is the first Fleet-Ready™ plug-in hybrid electric technology designed specifically to meet the operational requirements of fleets, as well as deliver a solid financial return.
XL Hybrids was recognized with the eQVM status by meeting the high standards for design, manufacturing, and quality controls for upfitting new Ford vans and trucks.
Ford, with its top-selling half-ton truck for any make and model, was chosen as the first OEM based on XL Hybrids’ order commitments from major fleet customers. The XLP Fleet-Ready™ technology is the industry’s first ship-thru upfit on pickup trucks from a leading OEM.
This multiyear contract allows public fleets nationwide to purchase the XL3 Hybrid Electric Drive System as both an upfit and a retrofit product through an established public contracting mechanism with competitive volume pricing.