Orange EV secures $100 million revolving credit facility with Wells Fargo, boosting liquidity for growth in yard electrification and fast charging solutions.

Company

Location

About

The company has led the industry ever since its first truck was released in 2015 and now has the security to truly innovate and exert its leadership role in this market for a long time to come," said Stephan Feilhauer, Managing Director, Clean Energy at S2G Ventures, "Orange EV's trucks have a lower total cost of ownership than diesel, give their customers a tangible way to lower their carbon footprint, and dramatically improve their drivers' experience, while also saving money along the way - this is what a successful energy transition looks like." Founded in 2012 in Riverside, Missouri, Orange EV was the country's first manufacturer to commercially deploy 100% electric Class 8 vehicles in 2015. "With this funding, Orange EV will be able to further scale its impact through continued investment in manufacturing to meet the demand that is outstripping our current facilities, as well as advance R&D to develop and deliver other products which will further improve our customer's operations while providing them significant savings. About Orange EVOrange EV, headquartered in Kansas City, MO, is the leading OEM providing industrial fleets with heavy-duty, electric vehicle solutions proven to save money while being safer, more reliable, and preferred by drivers and management. Building both new and re-powered terminal trucks, Orange EV was the nation's first manufacturer offering 100 percent electric Class 8 vehicles to be commercially deployed and scaled.