Evotrex raises $30M to build the RV that doesn’t need a charging station
Evotrex has been around for just two years, but the startup is already planning to build and sell its first hybrid RV travel trailers next year, targeting around 1,000 units annually.
To get there, Evotrex has closed a $30 million Series A funding round, bringing its total raised to $46 million. Much of that came from a consortium of Chinese and Hong Kong-based investment firms, like GSR United Capital, Forebright Concerto Capital, TTGG Ventures, and Pegasus Capital, among others. Anker, the consumer electronics company, is among its seed investors.
The L.A.-based startup will need that capital finish building and testing its RV, which it revealed at this year’s Consumer Electronics Show after emerging from stealth mode last year.
It will also need it to hold its ground in a crowded field of startups. Legacy manufacturers have been slow to get going. Thor’s first electric vehicle is going to rental...
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