Hercules Electric Vehicles Opens Series A Funding For Alpha Truck

Hercules Alpha

The plan is to raise $20 million for Hercules Alpha electric pickup truck development.

Hercules Electric Vehicles announced recently that it is opening a $20 million Series A investment round – managed by CMD Global Partners, a boutique investment bank – to support product development and add team members.

The company, founded in December 2018 in Detroit, says that is working on a “rugged luxury” electric pickup called Hercules Alpha scheduled for market launch in late 2022, but we have been very cautious about Hercules ever since we first heard about the project about a year ago. [READ MORE HERE]