Xos, Inc. Acquires ElectraMeccanica Vehicles Corp.

March 26, 2024

Xos, Inc. completed an all-stock acquisition of ElectraMeccanica Vehicles Corp., acquiring all issued and outstanding shares. The transaction adds about $48 million to Xos’ balance sheet and provides growth capital to support scaling deliveries of zero-emission commercial vehicles.

Buyers
Xos, Inc.
Targets
ElectraMeccanica Vehicles Corp.
Industry
Transportation
Location
United States
Transaction Type
Buyout

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