Long range commercial vehicles are going fully electric.
What’s happening:
- Hong Kong based heavy duty electric vehicle manufacturer Windrose Technology has raised $110M USD in a new Series B financing
- The round saw multiple notable backers, including HITE Hedge Asset Management and Goodman Group (ASX: GMG)
The big idea:
- Windrose manufactures long range commercial electric vehicles that have leading edge battery and powertrain technology to enable rapid charging times
Why it matters:
- Electric vehicles for commercial transport represents one of the largest problems that needs to be solved to transition away from relying exclusively on fossil fuel powered vehicles globally
By the numbers:
- Windrose’s first long range electric vehicle truck has a range of 679 kilometres while carrying a full load of up to 49 tons
- Because of Windrose’s proprietary high voltage, fast charging platform their trucks are capable of replenishing 400 kilometres of range in under 36 minutes of total charging time
Going deeper:
- Windrose is aiming to begin building out fast charging station infrastructure across Asia to support their heavy duty trucks as they complete trips and embark on long range transports
The intrigue:
- Decarbonizing commercial transportation has also sparked a flurry of innovation around hydrogen as a potential fuel source for zero emission heavy duty vehicles
