Evolectric Raises USD15M from Seismic Capital

Evolectric, a Long Beach, CA-based Electric Vehicle (EV) technology company, raised USD15M from Seismic Capital.

The company intends to use the funds to scale and accelerate delivery of its pipeline of customer orders.

Led by co-CEOs Jakson Alvarez and Bill Beverley, Evolectric specializes in electrified transportation and battery technologies to convert fuel-guzzling and polluting commercial fleets to EVs. Its distributed network of installers and service centers is targeting 10,000 vehicle conversions a year by onboarding 100 garages, each converting 100 vehicles

Evolectric, a Long Beach, CA-based Electric Vehicle (EV) technology company, raised USD15M from Seismic Capital. Best wishes to everyone in the group. This will be a huge accomplishment for them in the future.

Shishir Gupta, The Founder & CEO of StartupLanes

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