October 16, 2019

California’s Motiv Power Systems Secures $60M Investment to Establish Detroit Operations

California’s Motiv Power Systems, a supplier of all-electric medium-duty chassis for buses and trucks, has secured $60 million in equity funding to open a new engineering and manufacturing facility in Detroit.

The Series B round of investment was led by investors GMAG Holdings Corp. and Winnebago Industries and will support the overall growth of the company.

Motiv says establishing an engineering and manufacturing center in Detroit will strengthen its Midwest presence, bring it closer to customers and partners in the region, and enable manufacturing growth through its partners. Additionally, the company expects to continue its focus on market development, technology innovation, and product differentiation in order to increase electric vehicle adoption throughout the transportation industry.