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Orange EV raises USD35m in institutional funding round.

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Auto Business News-August 5, 2022--Orange EV raises USD35m in institutional funding round

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Auto Business News - 05 August 2022

Orange EV, an EV manufacturer with the most heavy duty zero-emission trucks in operation in the United States, has raised USD35m in institutional funding round to support and accelerate the company's growth.

The funding round was headed by S2G Ventures and CCI, an affiliate of Henry Crown and Company. It will allow the company to increase its manufacturing to meet the increase in demand, deliver vehicles to new markets, and develop new technologies that will increase the company's lead in the Class eight commercial vehicle segment.

Kurt Neutgens, Orange EV Co-founder, President, and CTO, said, 'Orange EV's mission is to deliver electric vehicles that are better than...

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