XL Hybrids has rebanded itself to simply XL, and announced a record year of sales, surpassing 60 million customer miles driven, and achieving one of the the largest-ever single deployment of electrified Class 2 to 6 truck technology.
The company is moving to offer more plug-in vehicle systems to complement XL’s core hybrid-electric technology, as well as enhancing its connected vehicle telemetry offering, XL Link.
In 2017, XL delivered 234 hybrid-electric vans to Verizon, marking one of the fleet industry’s largest single deployment of electrified commercial vehicles in vehicle Classes 2 to 6. XL continues its rapid expansion and expects growth of more than 100% in 2018.
Among new customer deployments for XL is the University of California Los Angeles (UCLA), which is now using XL’s hybrid-electric vans for student transport.
The company now plans to add 40 new employees in 2018, including software developers, electronics hardware engineers, cloud systems engineers and data scientists to support a range of new product development. The company will focus on enhancing its XL Link vehicle telemetry platform, which provides actionable intelligence on fleet electrification, including fuel economy, speed, idling, vehicle drive cycle, and CO2 emissions reduction.
After raising more than $50 million in funding to date, XL has added new members to its boards, including Scott Dupcak from Exelon’s CTV group, and new advisory board member, Rick Wagoner, former CEO of General Motors.