| Founded | 2009 |
|---|---|
| Closed | 2023 |
| Country | USA |
| Sector | Climate |
| Total raised | ~$200M USD |
| Collapse type | Fraud Explosion |
| Founder | Tod Hynes |
XL Fleet
"EV fleet electrification via SPAC. A short-seller said the revenue was fake. The SEC agreed."
Sudden collapse triggered by fraud exposure
Key Events Timeline
XL Fleet developed plug-in hybrid drivetrain systems for commercial vehicles, promising fleet operators improved fuel economy.
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