Hercules EV opens $20M Series A round; targeting electric pickup in late 2022; Prieto solid-state batteries.
Hercules Electric Vehicles—a Detroit-based startup—is opening a $20-million Series A investment round managed by CMD Global Partners, a boutique investment bank. Hercules is developing an all-electric sport pickup truck, the Hercules Alpha, which will be available in late 2022. Hercules expects to demonstrate its first drivable architectural mule in April 2021.
James Breyer founded Hercules Electric Vehicles in 2018 with a vision to bring luxury eco-utility products to market, beginning with an electric pickup truck and followed by other electric mobility products. Hercules vehicles will offer integrated solar charging, long-range batteries and optional fuel-cell range-extender options. [READ MORE HERE]