05 May 2022 at 6:00 PM EDT
INVESTOR RELATIONS
Xos is a leading manufacturer of fully electric, zero-emission medium- and heavy-duty commercial vehicles, powertrain components, and charging infrastructure. The company was founded in 2016 by Dakota Semler and Giordano Sordoni, two former fleet owners and operators, who sought to build an electric vehicle to solve the issues they were facing first-hand around increasing emissions regulations and the rising costs of maintenance and diesel. Xos’ mission is to decarbonize commercial transportation and facilitate a seamless transition for fleet owners from traditional internal combustion engines to fully-electric vehicles. Its proprietary battery system, the X-Pack, and modular chassis, the X-Platform, are purpose-built for medium- and heavy-duty commercial vehicles in the last-mile sector. The fleet-as-a-service offering provides customers with a comprehensive suite of products and services, such as vehicle maintenance and purchase financing, to help fleets more easily make the transition from diesel to electric.
Xos vehicles have been in use by commercial fleets since 2018 and are currently operated by multiple Fortune 500 companies. Notable customers include FedEx ISPs, Loomis, UniFirst, and Wiggins Lift Co. to name a few. The company is headquartered in Los Angeles, where its battery packs are built in-house, and has additional manufacturing facilities in Tennessee and Mexico, with more to come in the near future. In August 2021, the company went public and now trades on NASDAQ under the ticker symbol, XOS.