Electric Truck Startup Founded by Faraday Future and Canoo Alumni Is Raising $28 Million
Harri is dot.LA's senior finance reporter. She previously worked for Gizmodo, Fast Company, VentureBeat and Flipboard. Find her on Twitter and send tips on L.A. startups and venture capital to harrison@dot.la.
Electron Transport, a Los Angeles startup founded by alumni of electric automaker Faraday Future and military technology firm Anduril, is raising a $28 million funding round, per regulatory filings.
Dubbed a “stealth electrification startup” by its founders, Electron Transport has closed on $24.7 million and aims to raise nearly $3.5 million more, according to an SEC filing. The firm is developing an electric truck chassis, dot.LA has learned.
A number of companies are working to electrify trucks, including Irvine-based Rivian and Detroit heavyweight Ford. It is unclear whether Electron Transport is focused on pickup trucks, like the aforementioned brands, or commercial-use vehicles.
The one-year-old startup’s founders include Phillip Weicker, who co-founded Canoo—the electric vehicle maker that recently left Los Angeles for Bentonville, Ark. He and his co-founders, John Henry Harris and William Eberts, all previously worked for L.A.-based Faraday Future.
When reached by dot.LA, Harris—who is also an alumnus of electric truck maker Xos—declined to comment on the funding round.Harri is dot.LA's senior finance reporter. She previously worked for Gizmodo, Fast Company, VentureBeat and Flipboard. Find her on Twitter and send tips on L.A. startups and venture capital to harrison@dot.la.
